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Plaza de Tirso de Molina 1,797 SF Retail Condo Unit Offered at $1,543,031 in Centro, Madrid 28012
Some information has been automatically translated.
Investment Highlights
- Premises on the ground floor.
- All services in the area.
- In a consolidated residential area.
- In the heart of Madrid.
Executive Summary
Residential building with a total area of 1,361 m2 and distributed over 6 floors above ground. It is well connected by public transport, thanks to several urban and interurban bus lines.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 5.00% |
| Sale Type | Investment |
| Cap Rate | 5.00% |
Description
The premises have a total constructed area of 166.82 m², distributed in 95.94 m2 built on the street floor and 70.88 m2 built on the basement floor.
Sale Notes
Commercial property for sale with profitability, located in Plaza de Tirso de Molina, one of the busiest areas in the historic center of Madrid. The property is situated in the best part of the square, offering high pedestrian traffic, excellent visibility, and a well-established environment of dining, leisure, tourism, and local commerce.
The premises have a total built area of 166.82 m², distributed as 95.94 m² on the ground floor and 70.88 m² in the basement. It features a 6-meter façade directly facing Plaza de Tirso de Molina, providing strong street-level commercial presence.
Currently, the property is leased to a hospitality operator who has been running another establishment in the area since 2023, specifically the Bocadillería El Tres in Plaza de Antón Martín. The asset holds a Bar-Restaurant license with a capacity for 50 people, a newly installed exhaust system, and a terrace license in process following the expansion of the square's sidewalks.
The lease agreement is dated May 1, 2026, with a duration of 15 years and a mandatory compliance period of 5 years. The agreed monthly rent is €6,000, with annual adjustments based on the higher of the general CPI or housing CPI, and an additional increase of CPI +5 at the end of year 10.
The premises have a total built area of 166.82 m², distributed as 95.94 m² on the ground floor and 70.88 m² in the basement. It features a 6-meter façade directly facing Plaza de Tirso de Molina, providing strong street-level commercial presence.
Currently, the property is leased to a hospitality operator who has been running another establishment in the area since 2023, specifically the Bocadillería El Tres in Plaza de Antón Martín. The asset holds a Bar-Restaurant license with a capacity for 50 people, a newly installed exhaust system, and a terrace license in process following the expansion of the square's sidewalks.
The lease agreement is dated May 1, 2026, with a duration of 15 years and a mandatory compliance period of 5 years. The agreed monthly rent is €6,000, with annual adjustments based on the higher of the general CPI or housing CPI, and an additional increase of CPI +5 at the end of year 10.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 01 | 1,797 SF | Retail | $1,543,031 ($858.67/SF) | $77,151.54 |
Unit 01
| Unit Size |
| 1,797 SF |
| Condo Use |
| Retail |
| Price |
| $1,543,031 ($858.67/SF) |
| NOI |
| $77,151.54 |
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Unit 01
| Unit Size | 1,797 SF |
| Condo Use | Retail |
| Price | $1,543,031 ($858.67/SF) |
| NOI | $77,151.54 |
| Sale Type | Investment |
| Cap Rate | 5.00% |
| Description | |
| The premises have a total constructed area of 166.82 m², distributed in 95.94 m2 built on the street floor and 70.88 m2 built on the basement floor.</li></ul> | |
| Sale Notes | |
| Commercial property for sale with profitability, located in Plaza de Tirso de Molina, one of the busiest areas in the historic center of Madrid. The property is situated in the best part of the square, offering high pedestrian traffic, excellent visibility, and a well-established environment of dining, leisure, tourism, and local commerce.<br> <br> The premises have a total built area of 166.82 m², distributed as 95.94 m² on the ground floor and 70.88 m² in the basement. It features a 6-meter façade directly facing Plaza de Tirso de Molina, providing strong street-level commercial presence.<br> <br> Currently, the property is leased to a hospitality operator who has been running another establishment in the area since 2023, specifically the Bocadillería El Tres in Plaza de Antón Martín. The asset holds a Bar-Restaurant license with a capacity for 50 people, a newly installed exhaust system, and a terrace license in process following the expansion of the square's sidewalks.<br> <br> The lease agreement is dated May 1, 2026, with a duration of 15 years and a mandatory compliance period of 5 years. The agreed monthly rent is €6,000, with annual adjustments based on the higher of the general CPI or housing CPI, and an additional increase of CPI +5 at the end of year 10.</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 | 6 |
| Property Subtype | Apartment | Year Built | 1890 - 1899 |
| Total Building Size | 10,000 - 60,000 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 6 |
| Year Built | 1890 - 1899 |
Amenities
Site Amenities
- 24 Hour Access
- Wi-Fi
- Community-Wide WiFi
- Public Transportation
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Plaza de Tirso de Molina
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