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

Investment opportunity in one of the most established areas of Palma, on Carrer de Joan Miró.

It is an urban plot that currently has two ground-floor commercial premises, one of them rented and generating immediate income, and the other with possible reform and appreciation. On the upper part and rear of the building there is a registered and deeded dwelling, which provides legal security and different exploitation options.

The property is sold both as a profitable asset and for its high potential for urban development.

- Building potential:

Possibility to build 2 independent housing units.
Up to 3 buildable floors.
Approximately 10-meter façade.
Buildable depth of 9 meters.
Approximately 90 m2 per floor.

This allows planning two single-family homes, or keep the ground-floor premises with residences on the upper floors, thus optimizing profitability.

Ideal for developers, investors, or individuals seeking to develop a residential project in a high-demand area.

In addition, there is the possibility of acquiring the rear building, with access from Carrer de George Bernanos 5, which would considerably expand development options and the scale of the project.

A versatile property, with current income and great future potential.