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Calle de Juan de Olías

2,153 SF Retail Building 28020 Madrid $986,449 ($458/SF)

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Investment Highlights

Good communications
Ideal for investors
Possibility to change use

Suitable for all types of businesses
Current gross return of 3.8%

Aldebarán Inmobiliaria Plano 03

Aldebarán Inmobiliaria Plano 02

Aldebarán Inmobiliaria Plano 01

Property Facts

Sale Type

Investment or Owner User

Property Type

Retail

Building Size

< 15,000 SF

Building Class

Year Built/Renovated

1920 - 1929/1980 - 1989

Price

$986,449

Price Per SF

$458

Tenancy

Single

Amenities

Bus Line

Metro/Subway

About Madrid, MAD 28020

Great commercial space for sale in a profitable way in the area of Tetuán. Good communications and all kinds of businesses in the surrounding area. The space has a built area of 200 m2. This is a building with 2 floors above ground. Each floor is approximately 100 m2, plus the roof terrace. The property has about 8 linear meters of façade and has a smoke outlet. Possibility to change its use, to convert it into residential, according to the municipal regulations of Madrid, it would be optimal to dedicate it to tourist and vacation rentals. The sister building at number 41 is also for sale, making it a unique opportunity for investors. The sale of the two buildings would be made instead of 1,900,000€ in 1,800,000€.

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