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Tetuán 3,013 SF Retail Condo Unit Offered at $1,991,588 in Tetuán, Madrid 28020
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Investment Highlights
- Commercial space with profitability.
- Total area of 280 m2.
- Sanitary services license.
- Long-term contract in effect.
- Current use as a beauty center.
- Smoke vent available.
Executive Summary
The asset is located in a residential building surrounded by important urban and institutional elements such as the Santiago Bernabéu Stadium, the financial complex of AZCA and the administrative complex of Nuevos Ministerios. In the immediate vicinity there are also cultural and scientific facilities such as the Geominero Museum, as well as several office buildings and services linked to the axis of Paseo de la Castellana. The area has extensive public transport connections, with nearby metro stations such as Santiago Bernabéu (line 10) and Nuevos Ministerios (lines 6, 8 and 10), the latter with a connection to the Renfe Cercanías network. There are multiple urban bus lines that run along Paseo de la Castellana. Access by private transport is via the Castellana axis itself, with connections close to the M-30 and links to the A-1 heading north.
1 Unit Available
Unit 01
| Unit Size | 3,013 SF | Sale Type | Investment |
| Price | $1,991,588 | Cap Rate | 5.00% |
| Price Per SF | $661.00 | NOI | $99,579.42 |
| Condo Use | Retail |
| Unit Size | 3,013 SF |
| Price | $1,991,588 |
| Price Per SF | $661.00 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 5.00% |
| NOI | $99,579.42 |
Description
The total area of the premises is 280 m2. The space is located at street level and includes an exhaust system.
Sale Notes
Commercial property with profitability located on Poeta Joan Maragall Street, in the Tetuán district of Madrid.
This is a ground-floor space at street level, currently leased and operating as an aesthetics center. The established business holds a license for healthcare services.
It also has a permit for a terrace.
The property is leased under a long-term contract, offering a net return of 5%.
The surrounding area is characterized by the presence of offices, corporate headquarters, and hotels, with primarily professional activity during weekdays and residential use on weekends and holidays. The location corresponds to a well-established urban area within the Tetuán district.
Property Facts
Amenities
Site Amenities
- Close to Public Transportation
- Doorman
- Elevator
- On-Site ATM
Presented by
Tetuán
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