Flat for sale in El Terreno, Palma de Mallorca, Mallorca

Exclusive New York-inspired loft located on the first floor of the California Building, built in 1998, on Avenida Joan Miró in Palma.

Currently registered as an office, this property offers an opportunity for investors and buyers seeking to create a distinctive home. It has the necessary urban planning documentation to begin the change of use to residential. It can also be supported throughout the entire conversion process until all administrative procedures have been completed.

Ideally located between Paseo Marítimo and Cala Major, the property enjoys excellent connections to Palma city centre, the marina, Marivent Palace, beaches, restaurants, supermarkets, public transport and essential everyday amenities.

With a built area of 137 m² and 130 m² of usable space, the property offers a completely open-plan layout where spaciousness is the main feature. The main living area includes an elegant kitchen, a generous multi-purpose space offering numerous layout possibilities, and a full bathroom. In addition, there is a separate room that can be used as storage, a walk-in wardrobe or an auxiliary room, depending on the future owner’s needs.

The 3.5-metre ceiling height and the almost fully glazed façade flood the interior with natural light throughout the day, while also offering pleasant partial sea views.

Inspired by iconic New York lofts, its semi-industrial aesthetic makes it a rare opportunity within Palma’s real estate market. Notable features include large double-glazed Climalit windows, bespoke industrial-style metalwork, parquet flooring, air conditioning and carefully designed lighting that enhances the architectural character of the space, creating a contemporary, elegant and welcoming atmosphere.

Annual refuse collection tax amounts to €126.

The possibility of converting this property into a residential home significantly enhances its long-term value, making it an attractive investment for buyers looking for a unique asset with excellent future potential.

If you are looking for a property with character, generous open spaces and abundant natural light, with the opportunity to create an exclusive loft-style residence in one of Palma’s fastest-growing areas, request a viewing to see everything this exceptional property has to offer.