75006 Paris 645 SF Retail Condo Unit Offered at $504,894
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INVESTMENT HIGHLIGHTS
- Prestigious neighborhood: Just steps from the Luxembourg Gardens, Pont Neuf, and Île de la Cité.
- Transportation access: Less than a 5-minute walk from Odéon metro station (lines 4 and 10).
- High foot traffic: Very busy area, in close proximity to Rue de Buci and Place Saint-Germain-des-Prés.
EXECUTIVE SUMMARY
Located in the heart of Paris's 6th arrondissement, this location offers a prestigious and sought-after environment, ideal for a business looking to enhance its visibility and connect with an influential professional network. The neighborhood, both historic and vibrant, is renowned for its shopping streets, elegant cafés, and art galleries. In addition to its cultural appeal, it boasts excellent accessibility thanks to its proximity to metro stations and bus lines. This location is perfect for companies aiming to get closer to key players in the business, fashion, art, or technology sectors. The area is also a popular destination for both tourists and Parisians, providing increased visibility and a steady flow of foot traffic. This prime location seamlessly combines a high-end professional setting with easy access to shops, restaurants, and iconic attractions, creating an environment conducive to business success.
PROPERTY FACTS
| Price | $504,894 |
| Unit Size | 645 SF |
| No. Units | 1 |
| Total Building Size | 10,000 - 60,000 SF |
| Property Type | Office (Condo) |
| Property Subtype | Office/Residential |
| Sale Type | Investment |
| Building Class | C |
| Floors | 5 |
| Year Built | 1870 - 1879 |
1 UNIT AVAILABLE
Unit 1
| Unit Size | 645 SF |
| Price | $504,894 |
| Price Per SF | $782.78 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 6.30% |
| NOI | $31,808.29 |
| Agency Fee | 6.00% of annual rent |
DESCRIPTION
This occupied commercial space is located in the sought-after Odéon neighborhood in the 6th arrondissement of Paris. The location benefits from excellent accessibility, being close to Metro Line 4 and Bus Stop 58. The property offers a total area of 60 m², divided into 20 m² on the ground floor and 40 m² in the basement. The basement features a generous ceiling height and an emergency exit.
SALE NOTES
The sale price of the property is set at €420,000 net to the seller, with additional buyer's fees amounting to 6% of the sale price excluding tax. The investment offers a 6.3% yield, with a price per square meter of €10,500, which is below the market average estimated at €12,400 per square meter. The current annual rent is €26,808 excluding charges, with a scheduled revision on March 1, 2025. This relatively low rent provides the buyer with potential for gradual growth.
CONTACT
-
Alexandre Boscher -
De Ferla
