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Calle Espoz y Mina 3,831 SF Office/Retail Condo Unit Offered at $2,006,190 in Centro, Madrid 28012
Some information has been automatically translated.
Investment Highlights
- Established residential area.
- Good public transportation connections.
Executive Summary
Residential building with 6 above-ground floors, featuring upper-level apartments and commercial premises or offices.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User |
| Sale Type | Investment or Owner User |
Description
Office located on the first floor of a building on Espoz y Mina Street, next to Puerta del Sol.
It has a total built area of 356 m² and a usable area of 309 m².
It has a total built area of 356 m² and a usable area of 309 m².
Sale Notes
Office located on the first floor of a building on Espoz y Mina Street, right next to Puerta del Sol, in one of the best commercial and busiest areas of Madrid.
It is on the first floor of an older building, partially refurbished (especially the structure) and with an elevator, but it does not have disabled access, as there are a few steps up to the entrance of the property.
It has a built area of 356 m² and a usable area of 309 m².
Its current condition is in need of renovation. At present it is an open-plan space with various partitions. It has 5 window openings facing Espoz y Mina Street with unobstructed views, 2 windows facing an interior ventilation courtyard (no natural light), and another 4 windows facing a light well.
There is a preliminary plan to create 4 mid-term rental apartments; however, licenses must be confirmed with the city council based on the specific project to be carried out.
It is ideal for attempting a change of use. It is currently classified as an office and is also recorded as a commercial unit in the property registry, with leisure and hospitality use listed in the land registry.
It is on the first floor of an older building, partially refurbished (especially the structure) and with an elevator, but it does not have disabled access, as there are a few steps up to the entrance of the property.
It has a built area of 356 m² and a usable area of 309 m².
Its current condition is in need of renovation. At present it is an open-plan space with various partitions. It has 5 window openings facing Espoz y Mina Street with unobstructed views, 2 windows facing an interior ventilation courtyard (no natural light), and another 4 windows facing a light well.
There is a preliminary plan to create 4 mid-term rental apartments; however, licenses must be confirmed with the city council based on the specific project to be carried out.
It is ideal for attempting a change of use. It is currently classified as an office and is also recorded as a commercial unit in the property registry, with leisure and hospitality use listed in the land registry.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 1 | 3,831 SF | Office/Retail | $2,006,190 ($523.67/SF) | - |
Unit 1
| Unit Size |
| 3,831 SF |
| Condo Use |
| Office/Retail |
| Price |
| $2,006,190 ($523.67/SF) |
| NOI |
| - |
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Unit 1
| Unit Size | 3,831 SF |
| Condo Use | Office/Retail |
| Price | $2,006,190 ($523.67/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| Description | |
| Office located on the first floor of a building on Espoz y Mina Street, next to Puerta del Sol.<br> <br> It has a total built area of 356 m² and a usable area of 309 m².</li></ul> | |
| Sale Notes | |
| Office located on the first floor of a building on Espoz y Mina Street, right next to Puerta del Sol, in one of the best commercial and busiest areas of Madrid.<br> <br> It is on the first floor of an older building, partially refurbished (especially the structure) and with an elevator, but it does not have disabled access, as there are a few steps up to the entrance of the property.<br> <br> It has a built area of 356 m² and a usable area of 309 m².<br> <br> Its current condition is in need of renovation. At present it is an open-plan space with various partitions. It has 5 window openings facing Espoz y Mina Street with unobstructed views, 2 windows facing an interior ventilation courtyard (no natural light), and another 4 windows facing a light well.<br> <br> There is a preliminary plan to create 4 mid-term rental apartments; however, licenses must be confirmed with the city council based on the specific project to be carried out.<br> <br> It is ideal for attempting a change of use. It is currently classified as an office and is also recorded as a commercial unit in the property registry, with leisure and hospitality use listed in the land registry.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | > 50,000 SF | Building Class | C |
| Property Type | Multifamily (Condo) | Floors | 6 |
| Property Subtype | Apartment | Year Built | 1900 - 1909 |
| Total Building Size | > 50,000 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 6 |
| Year Built | 1900 - 1909 |
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Calle Espoz y Mina
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