Situated in the heart of Palma, this 1936 property is a remarkable example of rationalist architecture, featuring a pillar-based structure instead of traditional load-bearing walls. With a total of 745 m², it presents a unique opportunity for investment or residential and commercial development. Its listed façade and grand entrance staircase add to the building’s historical charm.
The layout includes a spacious 325 m² commercial space on the ground floor, which can be converted into parking, as well as a residence on the first and second floors with six bedrooms and two bathrooms. Additionally, there is the possibility of adding an extra floor on the rooftop. The first floor boasts a large terrace, perfect for enjoying Mallorca’s pleasant climate.
Located in a prime area of Palma’s city center, the property benefits from excellent connections and proximity to shops, restaurants, and essential services. Its south-facing orientation ensures abundant natural light, while the approved renovation project offers significant potential for added value.
Palma, the capital of the island of Mallorca, located in the bay of the same name, has a pleasant climate all year (17.9 ° C annual average). Known for its tourism and elegant shops, this city also offers a beautiful Old Town. The Cathedral, the Palace of the Almudaina, the Lonja square and the Plaza Mayor are some of the places that make this wonderful city so mystical. Palma has excellent public transportation and is just a 15 minute drive away from the international airport.
For additional information contact BALEARIC PROPERTIES ESTATE AGENTS MALLORCA by email or call the Puerto Portals Office (+34) 971 68 40 40 - See more details about other apartments for sale in Palma de Mallorca or find out more about buying a home in Palma de Mallorca.
"Balearic Properties has been in business on the Balearic Islands for many, many years. The company headquarters is on Mallorca and over the years, we have built up an unparalleled portfolio of properties to suit every budget, by means of which we have already successfully helped 10.000 clients find their new home on the Balearic Islands. Our project management and construction companies offer a unique range of luxury, turn-key villas to suit all individual and personal needs. We also offer over 200 holiday villas that guarantee our clients an unforgettable holiday experience.
Balearic Properties is the exclusive associate of Savills in Mallorca. The company offers clients a vast experience of over 20 years in the local property market. Our portfolio includes all sorts of modern villas, country homes, and trendy new developments in the best areas of Mallorca. Balearic Properties also specialises in waterfront properties and large estates. The company offers a complete, all-around property service including property management, holiday lettings, project management and legal services."
Palma city, located in the bay named after it is impressive from the moment we approach by sea or air. It's a city that offers you a lot of opportunities for cultural, gastronomic, shopping and leisure experiences.
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Iris Gruenewald Managing Director · Balearic Properties +34 971 53 29 84
Palma de Mallorca, located in a huge bay named after the city, is impressive from the moment we approach by sea or air. It‘s a city that offers you a lot of opportunities for cultural, gastronomic, shopping and leisure experiences. Palma is absolutely cosmopolitan - a jewel in the Med.
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