Magnificent 5-story building in Cortes

€12,800,000

~1,330 m² Total surface
~1,330 m² Living area

Description

Engel & Völkers presents a unique opportunity in the heart of Madrid, in the Cortes area. This property is part of the historic ensemble of the Barrio de las Letras and reflects the style of classic Madrid architecture, with a stately façade and its own distinctive elegant aesthetic. A building with soul, tied to the area’s cultural tradition, which over time has housed private meeting spaces, reflecting the bohemian and intellectual character that defines this enclave. The building comprises five floors and is being marketed in its entirety, excluding the commercial premises, offering an exceptional opportunity to develop a singular residential project at one of the capital’s most renowned addresses. It is currently in need of renovation, allowing a fully bespoke product to be designed, turning it into a true real-estate “indulgence” in the very center of Madrid. The top floor has a private terrace, and the building also features a rooftop with spectacular views, from which you can enjoy a privileged panorama of Madrid’s skyline. In short, a one-of-a-kind property to create an exclusive project in one of Madrid’s most iconic locations.

Engel & Völkers Madrid MMC

+34 91 277 4500

Your advisor: Cristina Rodriguez Fernandez

Property ID: W-0499U4

Location: Centro, Madrid

The Barrio de las Letras (Literary Quarter) is one of the most emblematic areas with the strongest character in central Madrid. Located between the Paseo del Prado and Puerta del Sol, this historic neighborhood—once home to universal writers such as Cervantes, Lope de Vega, and Quevedo—has become a unique destination where tradition, avant-garde living, and quality of life coexist. Living in the Barrio de las Letras means enjoying a pedestrian-friendly, safe, charming setting, perfect for unhurried walks along cobblestone streets steeped in history, lined with terraces, bookshops, art galleries, and small, soulful local businesses. It is also one of the city’s most important cultural hubs: just steps away are the Prado Museum, the Thyssen-Bornemisza Museum, and the Reina Sofía Museum, which make up the famous Art Triangle, as well as historic theaters such as the Teatro Español, Teatro de la Comedia, and Teatro Calderón. Plaza de Santa Ana, the heart of the neighborhood, is one of Madrid’s liveliest and best-known squares, surrounded by century-old bars, fashionable terraces, and historic hotels such as the ME Reina Victoria or the Gran Hotel Inglés, Madrid’s oldest hotel, fully renovated to five-star standard. Nearby, Plaza de Canalejas, recently redeveloped, is home to the striking Galería Canalejas complex, with luxury boutiques, gourmet dining, and the exclusive Four Seasons Hotel Madrid, further enhancing the premium profile of the city center.In terms of mobility, the neighborhood is exceptionally well connected: within a few minutes’ walk are metro stations such as Antón Martín, Sevilla, and Sol, as well as Atocha Station, the main hub for AVE high-speed and mid-distance trains. All of this makes it easy to do without a private vehicle and live in complete comfort in the heart of the city. The ongoing renewal of the historic center—including the modernization of streets, squares, green areas, and urban services—has increased the appeal of the Barrio de las Letras not only as an ideal place to live, but also as an area of high profitability and growing value for real-estate investment. A vibrant, cosmopolitan, sophisticated neighborhood, increasingly sought after by both domestic and international residents looking for quality of life in a unique setting.