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Located in the heart of Madrid, just in front of the Prado Museum, this property is a rare gem in an exceptional location. With just an 8-minute walk to the beautiful Retiro Park, 5 minutes to the Congress of Deputies, and 13 minutes to Atocha train station, the convenience of this property is unmatched. The apartment, situated on the second floor of a building dating back to 1971, offers stunning views of the iconic Paseo del Prado, a UNESCO World Heritage site. The east-facing orientation fills the space with natural light, creating a bright and airy atmosphere. The highlight of the property is undoubtedly the small terrace overlooking the Prado both the promenade and the museum. The building's rooftop features a pool with breathtaking views of the surrounding area, including the Los Jerónimos church and two of Madrid's finest hotels, the Palace and the Ritz. The history and charm of the Paseo del Prado can be fully appreciated from this unique vantage point. With a total area of 66m², the apartment is currently in need of a complete renovation. The layout can be maintained as a studio apartment or reconfigured to include a separate bedroom with an en-suite bathroom. The building offers amenities such as three elevators, a physical doorman, and the possibility of renting or purchasing a parking space (not included in the price). Central air conditioning and hot water are provided via a gas boiler, ensuring comfort throughout the year. The property’s unique character, combined with its prime location and potential for transformation, make it a valuable investment opportunity for those looking to own a piece of Madrid's history. As for the price, at 550,000€, this property offers excellent value considering its prime location and the potential for renovation. Comparable properties in the area are priced significantly higher, making this a rare opportunity to invest in a piece of Madrid's most prestigious neighborhood.