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Calle San Joaquín

1,399 SF Retail Condo Unit Offered at $904,540 in 28004 Madrid

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Investment Highlights

Rented to a growing business
In the heart of the Malasaña neighborhood

Profitability of 5.5%
Good communication by public transport

Property Facts

Price	$904,540	Property Type	Multifamily (Condo)
Unit Size	1,399 SF	Sale Type	Investment
No. Units	1	Floors	5
Total Building Size	10,000 - 60,000 SF	Year Built	1900 - 1909

Price	$904,540
Unit Size	1,399 SF
No. Units	1
Total Building Size	10,000 - 60,000 SF
Property Type	Multifamily (Condo)
Sale Type	Investment
Floors	5
Year Built	1900 - 1909

1 Unit Available

Unit Puerta 01, Esc. 1

Unit Size	1,399 SF	Condo Use	Retail
Price	$904,540	Sale Type	Investment
Price Per SF	$646.56

Unit Size	1,399 SF
Price	$904,540
Price Per SF	$646.56
Condo Use	Retail
Sale Type	Investment

Description

Sale of profitable commercial space of 130 m2 located in the heart of the Malasaña neighborhood.
It is located on the commercial axis of the capital and one of the most popular areas of the capital. Excellent location in the Malasaña neighborhood, in an area with very good traffic and fantastic communication by public transport through several nearby urban bus lines and the Tribunal metro station.
The space is currently leased to an expanding business catering and selling used clothing and furniture. This company has three stores in Madrid and five in Barcelona. The place has a 10-year contract (two have already passed) and offers a return of 5.5%. It is distributed over one floor and has a warehouse, a machine room and two bathrooms. It is equipped with hydraulic tile floors, wooden interior carpentry and aluminum exterior. The interior finish for the walls has been done half with ceramic and half with plain paint.