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Paseo Avilés, 24 1,615 SF Retail Building El Álamo, Madrid 28607 $174,668 ($108.18/SF)

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INVESTMENT HIGHLIGHTS

  • Hospitality premises to be refurbished
  • Excellent area and with ample parking
  • The only restaurant in the area
  • It has an outdoor terrace with large capacity
  • Possibility to build housing upstairs

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Bar
Building Size
1,615 SF
Building Class
C
Year Built
1975
Price
$174,668
Price Per SF
$108.18
Percent Leased
Vacant
Building Height
1 Story
Building FAR
0.76
Lot Size
0.05 AC

ABOUT PASEO AVILÉS, 24 , EL ÁLAMO, MAD 28607

Hospitality premises of 150 m2 to be refurbished fully equipped to continue the activity, located on Paseo de Avilés, in the town of El Álamo. It is distributed in a bar area, two dining rooms, an equipped kitchen, a warehouse and an interior patio. Its main features include the magnificent covered terrace with pergola with capacity for 20 tables. There is the possibility of making a closed terrace of about 80 m2 with aluminum carpentry, allowed by the city council. There is also the possibility of building a first floor of 150 m2 for housing. It is located in a very well located area and has a large loyal clientele, as well as a large car park. It's the only restaurant in the area. Excellent opportunity to continue with a profitable business. Good investment opportunity, next to the area will be Madrid's second airport. * The images may not match the current state of the room.

NEARBY MAJOR RETAILERS

Ahorramas
Caixabank
  • Listing ID: 32461760

  • Date on Market: 11/25/2020

  • Last Updated:

  • Address: Paseo Avilés, 24, El Álamo, Madrid 28607

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