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Calle Concepción Arenal, 6

1,076 SF Retail Condo Unit Offered at $685,323 in 28004 Madrid

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Investment Highlights

Profitability investment opportunity
Central area with high commercial activity

Multiple possibilities
Good communications

Property Facts

Price	$685,323	Sale Type	Investment or Owner User
Unit Size	1,076 SF	Building Class	C
No. Units	1	Floors	6
Total Building Size	26,156 SF	Typical Floor Size	4,359 SF
Property Type	Multifamily (Condo)	Year Built	1940
Property Subtype	Apartment	Lot Size	0.09 AC

Price	$685,323
Unit Size	1,076 SF
No. Units	1
Total Building Size	26,156 SF
Property Type	Multifamily (Condo)
Property Subtype	Apartment
Sale Type	Investment or Owner User
Building Class	C
Floors	6
Typical Floor Size	4,359 SF
Year Built	1940
Lot Size	0.09 AC

1 Unit Available

Unit Puerta DR, Esc. 1

Unit Size	1,076 SF	Condo Use	Retail
Price	$685,323	Sale Type	Investment or Owner User
Price Per SF	$636.92

Unit Size	1,076 SF
Price	$685,323
Price Per SF	$636.92
Condo Use	Retail
Sale Type	Investment or Owner User

Description

Commercial space located in the heart of Madrid, in the surroundings of Gran Vía.
With 100 m2 distributed over two floors (ground floor and basement), this place has an additional entrance through the neighborhood portal. In addition, it has 2 windows and 7 linear meters of façade that ensure unbeatable visibility.
Currently, the place has a nut license and works as a candy store. The lease agreement with the current tenant is 6 years and meets all contractual conditions, including an amount provided as collateral and the tenant's creditworthiness.
The buyer must respect the contract with the current tenant, a contract that lasts 6 years, with a monthly rent of €2,500.
The tenant has businesses in other locations in Spain.
This place was renovated in December 2023 and has heating, air conditioning and a warehouse.
Its privileged location means that day and night thousands of people can visit it.