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Commercial property 8 151 m² in Spain, Spain

Spain
$32,18M
$3,948/m²
;
2
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ID: 3765640
Property ID on Realting
Last update: 17/03/2026

Location

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  • Country
    Spain

Property characteristics

Property parameters

  • Price per m²
    Price per m²
    $3,948/m²
  • Total area
    Total area
    8 151 m²

Description

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Innovative and fully automated parking located in the heart of Madrid.

Environment:

  • Callao Square;
  • The main avenue of the city of Gran Via;
  • The most active business area in the whole city, where key brands (Uniqlo, Zara, Primark and others), countless establishments for every taste, several theaters and the largest cinema in the city are represented;
  • many hotels, including the luxury Hyatt Centric and Pestana CR7 Gran Via;
  • El Corte Ingles shopping mall.

Key information:

  • 320 parking spaces;
  • average daily occupancy: 60%;
  • average night occupancy: 30%;
  • average cost of one hour of parking: 3.90 euros;
  • Average projected profit: 4.923.696 EUR/year

Expenditure per year:

  • Staff salaries: 126,000 euros;
  • electricity: 120,000 euros;
  • maintenance: 180,000 euros;
  • repair work: 200,000 euros;
  • Insurance payments: 100,000 euros.

Thus, the minimum projected return is 14.6%.

The park consists of 7 levels and is the largest automated parking in Spain. This advanced parking is equipped with a robotic parking system, allowing customers to leave their car on a special platform, after which the system automatically places it in a vacant place. Additional amenities include round-the-clock access, video surveillance and the ability to book seats online.

Additional benefits:

  • Lack of similar competitors in Madrid
  • Immediate readiness for operation without the need for additional investments;
  • efficient operation due to the automated parking system;
  • Minimize the risk of damage to vehicles;
  • Customer loyalty.

Location on the map

Spain
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Commercial property 8 151 m² in Spain, Spain
Spain
$32,18M
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