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- LoopNet Team
Madrid, Madrid 28020
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Good communications
- Ideal for investors
- Possibility to change use
- Suitable for all types of businesses
- Current gross return of 3.8%
PROPERTY FACTS
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€.
