Share This Listing

Message

956 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Some information has been automatically translated.

Investment Highlights

  • Busy and commercial area
  • Very good public transportation access.

Executive Summary

Residential property with 2,567 m² built, distributed across four above-ground floors, located in Tetuán. Situated just a few meters from Plaza de Castilla, in a busy and commercial area with excellent foot and vehicle traffic.

1 Unit Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • -
  • 6,038 SF
  • Retail
  • $2,180,031 ($361.05/SF)
  • $130,801.88
Sale Type Investment
Cap Rate 6.00%
Description
The property is spread across three floors, totaling 565 m2. The ground floor, measuring 154 m2, features a waiting room separated by glass partitions, several offices, meeting rooms, and an accessible bathroom. The first floor, covering 260 m2, includes five offices, an open area with natural light, and an emergency exit. The basement, with 147 m2, offers changing rooms, a bathroom, storage space, a kitchenette, and a utility room.
Sale Notes
Sale of a high-yield corner commercial property located on Bravo Murillo Street.  
Situated in a highly commercial area with significant pedestrian and vehicular traffic.  

The space is currently leased to a dental and aesthetic clinic, generating a net return of 6%. The lease agreement has been in effect since 2021 and is set to expire in 2031.  
The tenant is reliable and financially stable, with the business operating for over three years.  

The property is distributed across three floors and is in excellent condition. It also features large storefront windows on the ground and first floors. Below is the detailed layout of the different levels:  

- **Ground Floor**: 154 m², featuring glass partitions that separate the waiting area, several offices and rooms, as well as a bathroom adapted for individuals with reduced mobility.  
- **First Floor**: 260 m², consisting of 5 offices/cabins or treatment rooms, an open-plan area, natural light from the street, and an emergency exit.  
- **Basement**: 147 m², equipped with changing rooms, a bathroom, storage space, a kitchenette, and a storage room.  
Unit Unit Size Condo Use Price NOI
- 6,038 SF Retail $2,180,031 ($361.05/SF) $130,801.88

-

Unit Size
6,038 SF
Condo Use
Retail
Price
$2,180,031 ($361.05/SF)
NOI
$130,801.88

-

Unit Size 6,038 SF
Condo Use Retail
Price $2,180,031 ($361.05/SF)
NOI $130,801.88
Sale Type Investment
Cap Rate 6.00%
Description
The property is spread across three floors, totaling 565 m2. The ground floor, measuring 154 m2, features a waiting room separated by glass partitions, several offices, meeting rooms, and an accessible bathroom. The first floor, covering 260 m2, includes five offices, an open area with natural light, and an emergency exit. The basement, with 147 m2, offers changing rooms, a bathroom, storage space, a kitchenette, and a utility room.</li></ul>
Sale Notes
Sale of a high-yield corner commercial property located on Bravo Murillo Street.&nbsp;&nbsp;<br> Situated in a highly commercial area with significant pedestrian and vehicular traffic.&nbsp;&nbsp;<br> <br> The space is currently leased to a dental and aesthetic clinic, generating a net return of 6%. The lease agreement has been in effect since 2021 and is set to expire in 2031.&nbsp;&nbsp;<br> The tenant is reliable and financially stable, with the business operating for over three years.&nbsp;&nbsp;<br> <br> The property is distributed across three floors and is in excellent condition. It also features large storefront windows on the ground and first floors. Below is the detailed layout of the different levels:&nbsp;&nbsp;<br> <br> - **Ground Floor**: 154 m&#178;, featuring glass partitions that separate the waiting area, several offices and rooms, as well as a bathroom adapted for individuals with reduced mobility.&nbsp;&nbsp;<br> - **First Floor**: 260 m&#178;, consisting of 5 offices/cabins or treatment rooms, an open-plan area, natural light from the street, and an emergency exit.&nbsp;&nbsp;<br> - **Basement**: 147 m&#178;, equipped with changing rooms, a bathroom, storage space, a kitchenette, and a storage room.&nbsp;&nbsp;</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 B
Floors 4
Year Built 1920 - 1929

Amenities

  • Bus Line
  • Natural Light

Site Amenities

  • Courtyard
  • Close to Public Transportation
  • Doorman
  • Reception
  • Listing ID: 40831026

  • Date on Market: 6/8/2026

  • Last Updated:

  • Address: Tetuán, Madrid 28020

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}