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Investment Highlights

  • Educational centers, medical facilities, shops, etc. in its surroundings.
  • Good connections.

Executive Summary

Residential building located in the heart of a well-established area with all kinds of services nearby.

1 Unit Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit 2
  • 5,381 SF
  • Retail
  • $325,060 ($60.41/SF)
  • -
Sale Type Investment or Owner User
Description
Local of 500 m2.
Sale Notes
Exclusive underground space of 500 m² with consolidated use (warehouse, commercial premises, and parking), available for sale at €280,000 or for rent at €1,700/month. Located on Velilla Street, in the heart of the historic center of Vicálvaro and just a few meters from San Cipriano Street, in one of the most established and dynamic areas of the neighborhood, with excellent commercial and residential activity.

The property is situated on floor -1 and features 500 m² of open space, allowing for optimal distribution and maneuverability. It has independent access via a direct ramp from the street, avoiding easements through communal areas, and includes a permanent driveway permit currently in effect. One of its main strengths is its legal and urban planning support: it comes with the original plan approved and stamped by the Madrid City Council, certifying consolidated uses, which eliminates the usual uncertainty associated with basement spaces.

This is an especially attractive opportunity for investors, logistics companies, or businesses in the automotive sector. Additionally, it offers excellent connections to major access roads such as the A-3, M-40, and R-3, enhancing its operational functionality and potential for appreciation.
Unit Unit Size Condo Use Price NOI
Unit 2 5,381 SF Retail $325,060 ($60.41/SF) -

Unit 2

Unit Size
5,381 SF
Condo Use
Retail
Price
$325,060 ($60.41/SF)
NOI
-

Unit 2

Unit Size 5,381 SF
Condo Use Retail
Price $325,060 ($60.41/SF)
NOI -
Sale Type Investment or Owner User
Description
Local of 500 m2.</li></ul>
Sale Notes
Exclusive underground space of 500 m&#178; with consolidated use (warehouse, commercial premises, and parking), available for sale at €280,000 or for rent at €1,700/month. Located on Velilla Street, in the heart of the historic center of Vic&#225;lvaro and just a few meters from San Cipriano Street, in one of the most established and dynamic areas of the neighborhood, with excellent commercial and residential activity.<br> <br> The property is situated on floor -1 and features 500 m&#178; of open space, allowing for optimal distribution and maneuverability. It has independent access via a direct ramp from the street, avoiding easements through communal areas, and includes a permanent driveway permit currently in effect. One of its main strengths is its legal and urban planning support: it comes with the original plan approved and stamped by the Madrid City Council, certifying consolidated uses, which eliminates the usual uncertainty associated with basement spaces.<br> <br> This is an especially attractive opportunity for investors, logistics companies, or businesses in the automotive sector. Additionally, it offers excellent connections to major access roads such as the A-3, M-40, and R-3, enhancing its operational functionality and potential for appreciation.</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
Property Type Multifamily (Condo)
Property Subtype Apartment
Building Class C
Floors 4
Year Built 1960 - 1969

Amenities

Site Amenities

  • 24 Hour Access
  • Listing ID: 40488827

  • Date on Market: 5/12/2026

  • Last Updated:

  • Address: Vicálvaro, Madrid 28032

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