Cortes - Huertas · Madrid · Madrid · 28014

Connected shop and flat in Madrid

€1,550,000

Combined 150 m² commercial premises and 123 m² built flat in Barrio de las Letras, with direct internal lift connection. The flat requires renovation and includes two exterior balconies.

On Inmoblia since 29 August 2026 · Published by Remax Action

The property

Specifications

What the advert says about the property: floor area, layout, condition and registry details.

Some advert data is uncertain

We show the source-reported value for context, but exclude it from calculations until the conflicting evidence is resolved.

Type
Retail unit
Built area (source, uncertain)
288 m²
Usable area
150 m²
Bedrooms
4
Bathrooms
2
Floor
primera planta
Condition
Needs renovation
Aspect
Exterior
Access
Street level
Fittings

Fittings and extras

What the property comes with and how much each item weighs in the “Property data” sub-score.

  • Lift
  • Heating
  • Exterior-facing
  • Balcony
  • Storage room
  • Street level +15

The advert also mentions:

  • Connected commercial premises and flat
  • Internal lift between levels
  • Commercial premises arranged over two floors
  • 95 m² street-level floor
  • 55 m² basement floor
  • High ceilings
  • Display area
  • Office with goods lift
  • Workshop or work area
  • Independent kitchen
  • Two exterior balconies
  • Integrated commercial and residential use

Free text we could not normalise into a comparable attribute, so it does not score.

How these values score

Municipal momentum

Where the local market is heading.

Rent price index

INE · 2011 base = 100 · yearly

+3.6% interanual
122.6 20112014201820212024 104.3 · 2011104.3 · 2011102.9 · 2012102.9 · 2012100 · 2013100 · 201399.3 · 201499.3 · 2014100 · 2015100 · 2015101.8 · 2016101.8 · 2016103.9 · 2017103.9 · 2017106.9 · 2018106.9 · 2018111.4 · 2019111.4 · 2019111.8 · 2020111.8 · 2020112.4 · 2021112.4 · 2021115.3 · 2022115.3 · 2022118.3 · 2023118.3 · 2023122.6 · 2024122.6 · 2024

Housing transactions

MIVAU · deals per year

−7.1% interanual
42,511 20112015201820222025 20,114 · 201120,114 · 201121,202 · 201221,202 · 201222,657 · 201322,657 · 201330,206 · 201430,206 · 201433,286 · 201533,286 · 201537,387 · 201637,387 · 201644,183 · 201744,183 · 201744,178 · 201844,178 · 201840,572 · 201940,572 · 201931,395 · 202031,395 · 202044,826 · 202144,826 · 202148,025 · 202248,025 · 202239,751 · 202339,751 · 202345,760 · 202445,760 · 202442,511 · 202542,511 · 2025

These series describe the municipality's housing market; for this asset they are context for the area, not for its own segment.

Investment guide for Madrid

Municipal demand

The structural depth of demand in the area.

+1.3%Rent trajectory
0 = flat average annual growth of the municipal rent index (INE)

Registered unemployment

SEPE · yearly average

−1.5% interanual
132,951 20192021202320242026 162,294 · 2019162,294 · 2019196,394 · 2020196,394 · 2020201,281 · 2021201,281 · 2021150,231 · 2022150,231 · 2022144,115 · 2023144,115 · 2023140,280 · 2024140,280 · 2024134,912 · 2025134,912 · 2025132,951 · 2026132,951 · 2026

Average gross income

AEAT · annual tax return

+1.6% interanual
€43,646 20132016201820212023 €34,485 · 2013€34,485 · 2013€34,837 · 2014€34,837 · 2014€36,442 · 2015€36,442 · 2015€37,242 · 2016€37,242 · 2016€38,224 · 2017€38,224 · 2017€40,083 · 2018€40,083 · 2018€41,176 · 2019€41,176 · 2019€39,397 · 2020€39,397 · 2020€41,042 · 2021€41,042 · 2021€42,972 · 2022€42,972 · 2022€43,646 · 2023€43,646 · 2023

Registered population

INE · yearly population register

0.0% interanual
3,506,730 20112014201720202025 3,265,038 · 20113,265,038 · 20113,265,038 · 20113,265,038 · 20113,265,038 · 20113,265,038 · 20113,265,038 · 20113,265,038 · 20113,233,527 · 20123,233,527 · 20123,233,527 · 20123,233,527 · 20123,233,527 · 20123,233,527 · 20123,233,527 · 20123,233,527 · 20123,207,247 · 20133,207,247 · 20133,207,247 · 20133,207,247 · 20133,207,247 · 20133,207,247 · 20133,207,247 · 20133,207,247 · 20133,165,235 · 20143,165,235 · 20143,165,235 · 20143,165,235 · 20143,165,235 · 20143,165,235 · 20143,165,235 · 20143,165,235 · 20143,141,991 · 20153,141,991 · 20153,141,991 · 20153,141,991 · 20153,141,991 · 20153,141,991 · 20153,141,991 · 20153,141,991 · 20153,165,541 · 20163,165,541 · 20163,165,541 · 20163,165,541 · 20163,165,541 · 20163,165,541 · 20163,165,541 · 20163,165,541 · 20163,182,981 · 20173,182,981 · 20173,182,981 · 20173,182,981 · 20173,182,981 · 20173,182,981 · 20173,182,981 · 20173,182,981 · 20173,223,334 · 20183,223,334 · 20183,223,334 · 20183,223,334 · 20183,223,334 · 20183,223,334 · 20183,223,334 · 20183,223,334 · 20183,266,126 · 20193,266,126 · 20193,266,126 · 20193,266,126 · 20193,266,126 · 20193,266,126 · 20193,266,126 · 20193,266,126 · 20193,334,730 · 20203,334,730 · 20203,334,730 · 20203,334,730 · 20203,334,730 · 20203,334,730 · 20203,334,730 · 20203,334,730 · 20203,305,408 · 20213,305,408 · 20213,305,408 · 20213,305,408 · 20213,305,408 · 20213,305,408 · 20213,305,408 · 20213,305,408 · 20213,280,782 · 20223,280,782 · 20223,280,782 · 20223,280,782 · 20223,332,035 · 20233,332,035 · 20233,332,035 · 20233,332,035 · 20233,416,771 · 20243,416,771 · 20243,416,771 · 20243,416,771 · 20243,506,730 · 20253,506,730 · 20253,506,730 · 20253,506,730 · 2025

Net international migration

INE · immigration − emigration · yearly

−28.8% interanual
73,959 2021202220232024 20,813 · 202120,813 · 202189,747 · 202289,747 · 2022103,885 · 2023103,885 · 202373,959 · 202473,959 · 2024

Recorded offences

Ministry of the Interior · cumulative

+77.7% interanual
525,848 202420252026 62,353 · 202462,353 · 2024122,750 · 2024122,750 · 2024178,131 · 2024178,131 · 2024237,573 · 2024237,573 · 2024295,863 · 2025295,863 · 2025354,212 · 2025354,212 · 2025411,427 · 2025411,427 · 2025467,235 · 2025467,235 · 2025525,848 · 2026525,848 · 2026
Comparables

Similar properties nearby

Real references of the same municipality and type, to cross-check rent and price. They are not necessarily active offers.

This is a shortlisting pass over the advert's data, not a due diligence report. Before deciding, check the points we cannot verify from here:

  • The activity licence granted and the uses planning permits for your intended activity.
  • Smoke outlet and ventilation if it is destined for hospitality, and the contracted electrical capacity.
  • Whether it is a sale, a leasehold transfer or a rental, the current tenancy position and the cost of fitting-out works.
  • The real service charge and, above all, whether any special levies are approved or pending: they appear in the minutes of the last owners' meetings.
  • The property's actual IBI: our figure is an estimate from the municipality's cadastral values, not the specific bill.
  • Charges, mortgages, seizures or easements in the Land Registry extract.