75016 Paris 624 SF Retail Condo Unit Offered at $653,857
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INVESTMENT HIGHLIGHTS
- Close to a very commercial axis
- Foot of a building
EXECUTIVE SUMMARY
Located in a prestigious district of the 16th arrondissement of Paris, this location offers an ideal setting for a company wishing to combine accessibility, dynamism and a high-end image. Nestled in the immediate vicinity of the Seine and the Trocadéro, the area benefits from a residential and tertiary environment, appreciated for its calm while being strategically well served. The transport infrastructures are particularly advantageous there, with easy access to metro, RER and bus lines, thus facilitating the daily trips of employees and customers. In addition, the presence of numerous shops, restaurants and services in the immediate vicinity guarantees optimal working comfort. The elegant architecture and historic character of the neighborhood make it a first-rate choice for businesses looking for a rewarding address. This sector, popular with head offices and companies in the tertiary sector, offers a quality professional environment, combining serenity and prestige.
PROPERTY FACTS
Price | $653,857 |
Unit Size | 624 SF |
No. Units | 1 |
Total Building Size | > 50,000 SF |
Property Type | Multifamily (Condo) |
Property Subtype | Apartment |
Sale Type | Owner User |
Building Class | C |
Floors | 10 |
Year Built | 1960 - 1969 |
AMENITIES
UNIT AMENITIES
- Balcony
SITE AMENITIES
- Public Transportation
- Key Fob Entry
1 UNIT AVAILABLE
Unit 1
Unit Size | 624 SF |
Price | $653,857 |
Price Per SF | $1,047.85 |
Condo Use | Retail |
Sale Type | Owner User |
Agency Fee | 5.00% of annual rent |
DESCRIPTION
For sale, a commercial space located in the heart of 16? arrondissement of Paris. With a surface area of 58 m² on one level, this property allows the sale on site as well as the take-away sale of food products, but without extraction
SALE NOTES
The sale price is €577,500, including 5% of fees payable by the purchaser, i.e. a price excluding fees of €550,000. In the case of an investment, the former rent was €36,000 per year, or around €620/m²/year, with an estimated profitability of 6.2%.