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Calle del Alcaraván 355 SF Retail Condo Unit Offered at $164,485 in Madrid, Madrid 28047
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Investment Highlights
- Approved change of use from commercial to residential.
- Located in a well-established neighborhood with high rental demand.
- Functional layout with an open-concept living room and kitchen.
- Excellent access to public transportation.
Executive Summary
Residential building located in the Latina district, within the Los Cármenes neighborhood, a well-established, mainly residential area with mid-rise buildings and a quiet atmosphere, well integrated into the urban fabric of Madrid. The area stands out for its good range of local services, with supermarkets, small shops, bank branches, pharmacies, schools, daycare centers, and healthcare facilities in the immediate surroundings, which makes it especially suitable for family use. Connectivity is one of its strong points. Nearby there are city bus stops and the Carpetana Metro station (Line 6), which provides quick connections to other parts of the city. In addition, the building has easy access to main roads such as General Ricardos Street and the Toledo highway, as well as the M-30 ring road, making travel convenient both by public transport and by private vehicle. All of this creates a functional environment, well connected and with a full range of urban services.
1 Unit Available
Unit Puerta 01
| Unit Size | 355 SF | Condo Use | Retail |
| Price | $164,485 | Sale Type | Investment or Owner User |
| Price Per SF | $463.34 |
| Unit Size | 355 SF |
| Price | $164,485 |
| Price Per SF | $463.34 |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
Description
Commercial space of 33 m² at street level in the Los Cármenes area.
Sale Notes
This property offers a unique investment opportunity with a fully regularized change of use from commercial to residential, eliminating legal uncertainties and ensuring a secure transaction. Previously a social housing unit, the space has been adapted to meet modern living needs, making it a highly attractive option for generating rental income or resale.
The layout is designed to offer functionality and comfort, featuring a bright living area integrated with an open-plan kitchen, a full bathroom with natural ventilation, and a bedroom with a window. Additionally, there is a loft above the bedroom that provides extra space, ideal for use as an office, storage, or a second resting area.
Located in a well-established and highly sought-after neighborhood, the property benefits from proximity to shops, restaurants, and essential services. Excellent public transportation options, including metro and several bus lines, enhance connectivity and appeal for tenants. This is a turnkey asset ready to hit the market, with great potential for generating stable rental income or appreciation in the short to medium term.
+4 More
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Property Facts
| Total Building Size | 10,000 - 60,000 SF | Building Class | C |
| Property Type | Multifamily (Condo) | Floors | 5 |
| Property Subtype | Apartment | Year Built | 1980 - 1989 |
| Total Building Size | 10,000 - 60,000 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 5 |
| Year Built | 1980 - 1989 |
Amenities
Site Amenities
- Public Transportation
- Private Bathroom
Presented by
Calle del Alcaraván
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