Torrejón de Ardoz, Madrid 28850 1.36 Acres of Commercial Land Offered at $588,762

Urban plot with basic project included to build a two-story underground parking garage in Torrejón de Ardoz. Investment with high potential and guaranteed demand. Urban interblock plot located in the "Las Nieves" neighborhood. This area is characterized by its high population density and a notable shortage of parking spaces. The plot is located at Calle Hilados 16-18-20, occupying half of the space known as "Parque del Sol." It offers a prime location for developing a two-story underground parking garage. On the surface, the project includes the preservation of green areas and a children's playground, ensuring the integration of the project into the urban environment while providing added value to the community. The property has a total area of 5,500 m² and is surrounded by approximately 800 to 1,000 residential units in an area where parking availability is very limited. This ensures high demand and notable profitability. The project envisions a capacity of approximately 300 parking spaces, distributed as follows: 180 spaces for local residents (60%) and 120 spaces for private use or short-term parking (40%). Regarding the current market, the sale prices for parking spaces in the area range between €13,000 and €35,000, with the average price around €18,150. This further reinforces the attractiveness of this investment. This is undoubtedly an excellent opportunity to invest in a highly needed infrastructure with solid projections in a strategic location within Torrejón de Ardoz.