Engel & VölkersEngel & Völkers
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A home office with a wooden desk, chairs, a filing cabinet, and stacks of papers, featuring light walls and a window. [AI-generated text]

Investment and design opportunity in the Pacific

€470,000
  • 2 Rooms
  • 2 Bedrooms
  • 1 Bathroom
  • ~62 m² Total surface
  • ~51 m² Living area

Description

Engel & Völkers presents this magnificent property, with the change of use to residential already processed and approved, located in one of the most promising areas of the sought-after Pacifico district, bordering Jerónimos.

Until now used as a professional office, this property offers the perfect blank canvas for a comprehensive renovation project, transforming it into an exclusive, functional designer home with strong potential for appreciation. All procedures for the change of use have been completed, allowing the residential project to begin without administrative delays.

The property comprises a welcoming entrance hall, two spacious independent rooms, a kitchen area, and a full bathroom. Thanks to its open and flexible layout, it can easily be designed according to a modern concept (open-plan or traditional layout with one or two bedrooms), tailored to the needs of an end buyer or the high-end rental market. It stands out for its expansive unobstructed views of the iconic Pantheon of Spain (formerly known as the Pantheon of Illustrious Men), providing abundant natural light and a unique monumental setting.

Features
Air-conditioningBuilt-in kitchenElevatorGreen viewWheelchair accessible
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Engel & Völkers Madrid MMC

Your advisor: Marina Diaz

Property ID: W-04A94N

Property details
  • Object type

    Flat

  • Rooms

    2

  • Bedrooms

    2

  • Bathrooms

    1

  • Floor

    1

  • Number of Floors

    8

  • Total surface

    ~62 m²

  • Living area

    ~51 m²

  • Flooring

    Parquet

Energy efficiency information
  • Construction year

    1970

  • Energy certificate available

    In progress

  • Type of heating

    Radiator

  • Energy source

    Self-Contained central heating

Location: Retiro, Madrid

Located on one of the main avenues in Madrid’s Retiro district, the property enjoys a strategic location with excellent transport links: Atocha station is just minutes away, along with the metro network and intercity buses.

In addition to its outstanding connectivity, the area offers a well-established selection of shops, restaurants and services, as well as proximity to the iconic Retiro Park.

An ideal property both for those seeking to design their own home in a monumental setting and for investors looking to maximize returns in a highly sought-after location.

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