Undeveloped Land for sale in El Terreno, Palma de Mallorca, Mallorca

An opportunity aimed at developers and investors: an urban plot in Palma with a preliminary project for a multi-family residential building with commercial premises.

The plot, of 193 m², is on a corner (chamfer), with a façade on two streets and southwest orientation. It is located in a consolidated urban neighbourhood in full revaluation, next to the Nou Llevant transformation area and about 1.4 km from Portixol beach.

A project already thought out
The preliminary project contemplates about 565 m² built, plus terraces, distributed on the ground floor and three floors:

5 homes with 2 double bedrooms, all with private terrace
Commercial premises of approx. 41 m² on the ground floor
Lift
Published parameters: 100% occupancy, maximum height 9.6m, three floors plus basement

Why a promoter is interested

Very competitive land impact: about €1,020/m² built and less than €96,000 per unit (5 homes + premises).
Product of high demand: 2-bedroom apartments with terrace in Palma, the most sought-after typology for habitual residence and rental.
Promotion of contained scale: less investment, shorter terms and less risk than in large developments.
Location with route: area in transformation, close to the sea and the Nou Llevant axis.

A solid basis for a development with high profitability potential.

Price: 575.000 €