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Tetuán 592 SF Retail Condo Unit Offered at $209,761 in Tetuán, Madrid 28029
Some information has been automatically translated.
Investment Highlights
- Income-generating property.
- Facade of 3.20 m.
- Close to Plaza de Castilla.
- Usable area of 50 square meters.
- Fully renovated.
Executive Summary
Residential building located in the Tetuán residential area. The surrounding areas feature established urban spaces, green zones for community use, and educational and healthcare facilities typical of the district, forming part of the urban fabric in the northern part of Madrid. The location is well-connected via public urban transportation, with municipal bus lines linking various points of the city and metro stations in the Fuencarral-El Pardo district within its area of influence. Private transportation access is facilitated through Madrid's urban road network, with connections to major ring roads such as the M-30 and M-40, making it easy to travel to other neighborhoods and exit the city.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 6.67% |
| Sale Type | Investment |
| Cap Rate | 6.67% |
Description
The premises have a usable area of 55 m². It features a 3.20-meter facade and direct access to an interior patio that provides natural light and ventilation.
It has been completely renovated, including plumbing and electrical installations, flooring, ceiling, lighting, and bathroom, all brand new.
It is equipped with pre-installation for air conditioning, an electric water heater, and a full bathroom with a shower tray. Access is through an automatic metal door and a double PVC glass door measuring 2 meters in height.
It has been completely renovated, including plumbing and electrical installations, flooring, ceiling, lighting, and bathroom, all brand new.
It is equipped with pre-installation for air conditioning, an electric water heater, and a full bathroom with a shower tray. Access is through an automatic metal door and a double PVC glass door measuring 2 meters in height.
Sale Notes
Ref.: Pr99559306
Commercial space for sale located at street level, on the ground floor, in Madrid, province of Madrid. The property is situated in an area close to Plaza de Castilla and Bravo Murillo Street.
The property is being sold with a tenant, generating a monthly rent of €1,000, with annual adjustments based on the Consumer Price Index (CPI).
The surrounding area is urban and well-established, with a strong presence of commercial and service activities. It is located a short distance from Plaza de Castilla and Bravo Murillo Street, both key areas in the district with high pedestrian traffic.
Transportation connections are excellent, both via public and private transport. The property is about a 10-minute walk from Plaza de Castilla, where the transportation hub and Plaza de Castilla Metro station are located, along with several urban and interurban bus lines. Access by private vehicle is convenient from the main roads in the area.
Commercial space for sale located at street level, on the ground floor, in Madrid, province of Madrid. The property is situated in an area close to Plaza de Castilla and Bravo Murillo Street.
The property is being sold with a tenant, generating a monthly rent of €1,000, with annual adjustments based on the Consumer Price Index (CPI).
The surrounding area is urban and well-established, with a strong presence of commercial and service activities. It is located a short distance from Plaza de Castilla and Bravo Murillo Street, both key areas in the district with high pedestrian traffic.
Transportation connections are excellent, both via public and private transport. The property is about a 10-minute walk from Plaza de Castilla, where the transportation hub and Plaza de Castilla Metro station are located, along with several urban and interurban bus lines. Access by private vehicle is convenient from the main roads in the area.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit Puerta 1 | 592 SF | Retail | $209,761 ($354.33/SF) | $13,984.06 |
Unit Puerta 1
| Unit Size |
| 592 SF |
| Condo Use |
| Retail |
| Price |
| $209,761 ($354.33/SF) |
| NOI |
| $13,984.06 |
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Unit Puerta 1
| Unit Size | 592 SF |
| Condo Use | Retail |
| Price | $209,761 ($354.33/SF) |
| NOI | $13,984.06 |
| Sale Type | Investment |
| Cap Rate | 6.67% |
| Description | |
| The premises have a usable area of 55 m². It features a 3.20-meter facade and direct access to an interior patio that provides natural light and ventilation. <br> It has been completely renovated, including plumbing and electrical installations, flooring, ceiling, lighting, and bathroom, all brand new. <br> It is equipped with pre-installation for air conditioning, an electric water heater, and a full bathroom with a shower tray. Access is through an automatic metal door and a double PVC glass door measuring 2 meters in height.</li></ul> | |
| Sale Notes | |
| Ref.: Pr99559306 <br> Commercial space for sale located at street level, on the ground floor, in Madrid, province of Madrid. The property is situated in an area close to Plaza de Castilla and Bravo Murillo Street. <br> <br> The property is being sold with a tenant, generating a monthly rent of €1,000, with annual adjustments based on the Consumer Price Index (CPI). <br> <br> The surrounding area is urban and well-established, with a strong presence of commercial and service activities. It is located a short distance from Plaza de Castilla and Bravo Murillo Street, both key areas in the district with high pedestrian traffic. <br> <br> Transportation connections are excellent, both via public and private transport. The property is about a 10-minute walk from Plaza de Castilla, where the transportation hub and Plaza de Castilla Metro station are located, along with several urban and interurban bus lines. Access by private vehicle is convenient from the main roads in the area. </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.
Amenities
Site Amenities
- Public Transportation
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