Building Plot for sale in Palma de Mallorca, Mallorca

Attention developers, construction companies and investors!
Approved project and valid building permit to start construction.
Excellent investment opportunity on Carrer Músic Arrieta, in the El Vivero neighbourhood, a residential area of Palma experiencing a surge in new property developments.
Urban plot of 220 m² for sale, with 10 metres of frontage and a depth of 22 metres. It has an approved project and a valid building permit for the construction of a three-unit residential building.
A residential project ready to develop
The project comprises a two-storey building with a total of 220 m² of built area, laid out as follows:
Ground floor – Unit A
• 93 m² of built area, including a garage for one vehicle.
• 2 bedrooms and 1 bathroom.
• Spectacular private terrace of approximately 100 m².
• Private swimming pool with a 13.5 m² water surface; the base has already been completed.
• Southwest-facing, ideal for enjoying the afternoon sun and Mediterranean climate.
First floor – Units B and C
• Unit B: 48 m², with 2 bedrooms and 1 bathroom.
• Unit C: 45 m², with 1 bedroom and 1 bathroom.
• Lift access for comfort and accessibility.
• Potential to make use of the upper terrace for the units on this floor, subject to urban-planning and legal feasibility.
The building also has 34 m² of communal areas spread across both floors, as well as space for bicycle storage.
Approved project and valid permit: an advantage for investors
One of the main attractions of this opportunity is that it has an approved project and a valid building permit, allowing work to proceed directly to the construction phase, subject to the applicable administrative requirements.
The plot also has utility connections available at its boundary, facilitating development of the future project.
Location with potential for capital appreciation
Located in El Vivero, in a peaceful residential setting surrounded by low-rise buildings and new housing developments, this plot offers an attractive opportunity to develop a property suited to residential demand in Palma.
The combination of three independent homes, a private terrace with a swimming pool, a lift and a range of bedroom configurations appeals to different buyer profiles.
An investment with strong potential returns
Thanks to its location, size and features, this project is particularly attractive to construction companies, property developers and experienced investors looking to develop a small residential project, with the option of selling the three homes individually.
€319,000 – Urban plot with approved project and valid permit.
An opportunity to invest in a new-build development in Palma, with a significant part of the administrative process already completed.