Delisted ID: 110669340 Mercado

Flat / apartment for sale in Mercado

3 Bed • 2 Bath • 101 m²

€185,000

↓ 21.3% from €235,000
€185,000 2026-03-11
€210,000 2026-02-26
€235,000 2026-02-25
AI Analyst
Long-term Rental

"Unique mezzanine flat in Mercado with pending residential conversion offers strong light, flexible layout, and proximity to amenities—ideal for investors seeking value through repositioning in a prime urban location."

Negotiation Leverage Balanced
Value Add Complete residential conversion, modernize interiors, optimize layout for residential use
Pros
  • Attractive price per square meter for central Mercado location
  • Pending change of use offers value-add potential
  • Bright living spaces with large windows and small terrace access
Cons
  • Conversion from commercial to residential not yet finalized—regulatory risk
  • Potential renovation costs to meet residential standards
  • Mezzanine floor may limit appeal to some tenants
Description

A unique opportunity to acquire a flat on the mezzanine floor of a building with a lift. This property is currently a commercial premises and is close to an official change of use to residential by the current owner, which will allow it to be converted into a home. The space includes a bright living room thanks to its large windows that provide natural light. It also includes a kitchen-diner with an additional gallery; as well as a toilet and a full bathroom. The property also has three bedrooms, one of which has direct access to a small terrace. Located in a very consolidated area with all the necessary services for daily life.

Features
Elevator
Exterior
Investment Summary
Purchase Price €185,000
Taxes (ITP 10%) + €18,500
Notary Fees + €1,554
Registry Fees + €592
Gestoría Fees + €555
Valuation + Other + €339

Total Investment €206,540
Est. Monthly Rent €1,234/mo
Est. Annual Rent €14,802/yr

Est. Yield 6.31%
Days on Market
32
First seen
2026-02-25
View on Idealista