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Calle de Blasco de Garay 807 SF Retail Condo Unit Offered at $355,382 in Chamberí, Madrid 28015
Some information has been automatically translated.
Investment Highlights
- Excellent connectivity thanks to three metro stations and multiple bus stops in the immediate vicinity.
- Includes a private-use patio and a spacious basement for storage or functional expansion.
- Street-level retail space with a wide façade that ensures maximum visibility.
- Possibility of changing the use to residential, offering high flexibility for investment.
Executive Summary
Residential building located in the Chamberí district, within the Gaztambide neighborhood, one of the most established and sought-after areas of Madrid due to its urban character and excellent range of services. The surroundings combine traditional residential buildings with local retail and a vibrant neighborhood life. The area has excellent public transportation, with several nearby Metro stations such as Argüelles and Islas Filipinas, as well as numerous EMT bus lines that provide direct connections to Moncloa, the city center, and other key districts. Road access is convenient thanks to its proximity to main thoroughfares such as Princesa Street and Reina Victoria Avenue. In the immediate vicinity there are supermarkets, banks, pharmacies, and a wide variety of restaurants, as well as schools, daycare centers, and healthcare facilities, including hospitals and private clinics. All of this makes it a fully equipped area, ideal for stable residential use and offering a high quality of life.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User |
| Sale Type | Investment or Owner User |
Description
Retail space of 75 m², with approximately 53 m² on the street level and 22 m² in the basement, located in Gaztambide, Madrid.
Sale Notes
This retail space on Blasco de Garay Street represents a unique acquisition opportunity in one of the best-connected areas of Madrid. It offers approximately 53 m² at street level, with a generous private patio of about 10 m² and an additional 22 m² basement, providing great functional flexibility for operators or developers. The wide frontage ensures excellent visibility from the street, while the abundant natural light enhances the usability of the space for a wide range of business models.
Beyond its commercial potential, the property meets the conditions for a change of use to residential, an option increasingly in demand in the local market. Its central location ensures a constant flow of pedestrians and easy integration for different commercial uses, while the additional storage space in the basement adds operational value. For investors, this configuration opens the door to rental strategies—whether commercial leasing or future residential conversion—that allow for capturing competitive returns in a very attractive submarket.
Excellent connectivity defines the asset’s positioning, with several metro stations very close by—including Argüelles, Noviciado, and Ventura Rodríguez—as well as various city bus lines that provide easy access to the entire city. The surrounding area combines residential and commercial demand, with a wide range of services and a constant flow of activity.
Beyond its commercial potential, the property meets the conditions for a change of use to residential, an option increasingly in demand in the local market. Its central location ensures a constant flow of pedestrians and easy integration for different commercial uses, while the additional storage space in the basement adds operational value. For investors, this configuration opens the door to rental strategies—whether commercial leasing or future residential conversion—that allow for capturing competitive returns in a very attractive submarket.
Excellent connectivity defines the asset’s positioning, with several metro stations very close by—including Argüelles, Noviciado, and Ventura Rodríguez—as well as various city bus lines that provide easy access to the entire city. The surrounding area combines residential and commercial demand, with a wide range of services and a constant flow of activity.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit Puerta Izquierda | 807 SF | Retail | $355,382 ($440.37/SF) | - |
Unit Puerta Izquierda
| Unit Size |
| 807 SF |
| Condo Use |
| Retail |
| Price |
| $355,382 ($440.37/SF) |
| NOI |
| - |
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Unit Puerta Izquierda
| Unit Size | 807 SF |
| Condo Use | Retail |
| Price | $355,382 ($440.37/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| Description | |
| Retail space of 75 m², with approximately 53 m² on the street level and 22 m² in the basement, located in Gaztambide, Madrid.</li></ul> | |
| Sale Notes | |
| This retail space on Blasco de Garay Street represents a unique acquisition opportunity in one of the best-connected areas of Madrid. It offers approximately 53 m² at street level, with a generous private patio of about 10 m² and an additional 22 m² basement, providing great functional flexibility for operators or developers. The wide frontage ensures excellent visibility from the street, while the abundant natural light enhances the usability of the space for a wide range of business models.<br> <br> Beyond its commercial potential, the property meets the conditions for a change of use to residential, an option increasingly in demand in the local market. Its central location ensures a constant flow of pedestrians and easy integration for different commercial uses, while the additional storage space in the basement adds operational value. For investors, this configuration opens the door to rental strategies—whether commercial leasing or future residential conversion—that allow for capturing competitive returns in a very attractive submarket.<br> <br> Excellent connectivity defines the asset’s positioning, with several metro stations very close by—including Argüelles, Noviciado, and Ventura Rodríguez—as well as various city bus lines that provide easy access to the entire city. The surrounding area combines residential and commercial demand, with a wide range of services and a constant flow of activity.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 10,000 - 60,000 SF | Building Class | C |
| Property Type | Multifamily (Condo) | Floors | 7 |
| Property Subtype | Apartment | Year Built | 1950 - 1959 |
| Total Building Size | 10,000 - 60,000 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 7 |
| Year Built | 1950 - 1959 |
Amenities
Site Amenities
- Private Bathroom
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Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Calle de Blasco de Garay
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