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Piovera 2,152 SF Retail Condo Unit Offered at $692,189 in Hortaleza, Madrid 28042
Some information has been automatically translated.
Investment Highlights
- Premises leased long-term.
- Possibility of subdivision.
- Connection via Metro (Line 5), EMT buses, and access through M-40, A-2, and M-11.
- Current rent of €21,000/year.
- Close to Juan Carlos I Park, IFEMA Madrid, and El Capricho Garden.
- Area near Adolfo Suárez Madrid-Barajas Airport.
Executive Summary
Residential property located in Madrid, Piovera area. Nearby, you can find notable spaces and landmarks such as Juan Carlos I Park, the IFEMA Madrid fairgrounds, and El Capricho Garden, one of the city's historic parks. The area also features cultural, business, and conference facilities associated with Campo de las Naciones and Barajas. The area is well-connected by public transportation, with Metro stations Alameda de Osuna and El Capricho (Line 5), as well as several EMT urban bus lines. For private transportation, it offers access via the M-40, A-2, and M-11 highways, along with a connection to Adolfo Suárez Madrid-Barajas Airport through the surrounding road network.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 3.27% |
| Sale Type | Investment |
| Cap Rate | 3.27% |
Description
Commercial space of 200 m² recently renovated with complete soundproofing.
It features air conditioning, ventilation, and an exhaust system.
It features air conditioning, ventilation, and an exhaust system.
Sale Notes
Reference TOF-001
Commercial space for sale in the exclusive Palomas neighborhood.
Currently leased for 15 years to a reliable tenant with a business operating during standard commercial hours.
Suitable for office, retail, bar/café use. Possibility to divide the space into 2 or 3 lofts. The property has an activity license for sports-related use.
The property tax (IBI) amounts to €1,400. Community fees are €97. Currently rented out with an annual income of €21,000. The property is sold free of encumbrances.
Located in an area with a growing range of services, next to the cycling path. Within the same block, there is a 12-hour pharmacy, a physiotherapy center, a law office, a gym, and a real estate agency.
La Piovera is an exclusive residential area featuring villas and small gated communities, situated in a privileged location just 5 minutes from Madrid-Barajas Airport and IFEMA, and only 15 minutes from Madrid's city center via the A-2, M-22, M-40, and M-11 highways. The area is well-connected by public transportation, including buses 105, 112, 115, 151, N4, and a metro stop on Line 5.
Commercial space for sale in the exclusive Palomas neighborhood.
Currently leased for 15 years to a reliable tenant with a business operating during standard commercial hours.
Suitable for office, retail, bar/café use. Possibility to divide the space into 2 or 3 lofts. The property has an activity license for sports-related use.
The property tax (IBI) amounts to €1,400. Community fees are €97. Currently rented out with an annual income of €21,000. The property is sold free of encumbrances.
Located in an area with a growing range of services, next to the cycling path. Within the same block, there is a 12-hour pharmacy, a physiotherapy center, a law office, a gym, and a real estate agency.
La Piovera is an exclusive residential area featuring villas and small gated communities, situated in a privileged location just 5 minutes from Madrid-Barajas Airport and IFEMA, and only 15 minutes from Madrid's city center via the A-2, M-22, M-40, and M-11 highways. The area is well-connected by public transportation, including buses 105, 112, 115, 151, N4, and a metro stop on Line 5.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit Pt:01 | 2,152 SF | Retail | $692,189 ($321.65/SF) | $22,649.27 |
Unit Pt:01
| Unit Size |
| 2,152 SF |
| Condo Use |
| Retail |
| Price |
| $692,189 ($321.65/SF) |
| NOI |
| $22,649.27 |
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Unit Pt:01
| Unit Size | 2,152 SF |
| Condo Use | Retail |
| Price | $692,189 ($321.65/SF) |
| NOI | $22,649.27 |
| Sale Type | Investment |
| Cap Rate | 3.27% |
| Description | |
| Commercial space of 200 m² recently renovated with complete soundproofing. <br> It features air conditioning, ventilation, and an exhaust system.</li></ul> | |
| Sale Notes | |
| Reference TOF-001 <br> Commercial space for sale in the exclusive Palomas neighborhood. <br> Currently leased for 15 years to a reliable tenant with a business operating during standard commercial hours. <br> <br> Suitable for office, retail, bar/café use. Possibility to divide the space into 2 or 3 lofts. The property has an activity license for sports-related use. <br> <br> The property tax (IBI) amounts to €1,400. Community fees are €97. Currently rented out with an annual income of €21,000. The property is sold free of encumbrances. <br> <br> Located in an area with a growing range of services, next to the cycling path. Within the same block, there is a 12-hour pharmacy, a physiotherapy center, a law office, a gym, and a real estate agency. <br> <br> La Piovera is an exclusive residential area featuring villas and small gated communities, situated in a privileged location just 5 minutes from Madrid-Barajas Airport and IFEMA, and only 15 minutes from Madrid's city center via the A-2, M-22, M-40, and M-11 highways. The area is well-connected by public transportation, including buses 105, 112, 115, 151, N4, and a metro stop on Line 5.</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
- Bus Line
Site Amenities
- Close to Public Transportation
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Matterport 3D Exterior
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Street View
Street
Map
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