Penthouse for sale in El Mercat, Palma de Mallorca, Mallorca

We present this spacious and bright penthouse with a private 40 sqm terrace, located on the iconic Calle Sant Miquel in the heart of Palma’s historic center. A privileged location, just steps from the Olivar Market, surrounded by shops, boutiques, restaurants, and all services, with excellent transport connections thanks to its proximity to the Intermodal Station.

The home is situated on the top floor of a building with a concierge and two elevators, ensuring accessibility and convenience. With a built area of 230 sqm, this property requires renovation but offers enormous potential to transform it into a unique residence tailored to your tastes and needs.

The generous hallway leads to an elegant living-dining room with direct access to a spectacular east-facing terrace—perfect for enjoying the morning sun in a tranquil and private setting. Adjacent to the living room is a bedroom with a full bathroom and direct terrace access, ideal for guests, a home office, or private area.

The service area includes a breakfast kitchen, a service bedroom with bathroom, pantry, and laundry zone. The sleeping area comprises four exterior bedrooms with built-in wardrobes and two full bathrooms. Two bedrooms have direct terrace access, while the other two face a spacious, light-filled interior courtyard.

Only the "nuda propiedad" is for sale. The 94-year-old owner retains lifetime usufruct.

An excellent investment opportunity, priced below market value in the area, with great medium-to-long-term potential.