Commercial 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 leased and generating immediate income, and the other with potential for renovation and revaluation. At the upper and rear part of the building there is a registered and deedsed dwelling, which provides legal security and different exploitation options.

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

- Development potential:

Ability to build 2 independent dwellings.
Up to 3 buildable floors.
Approximate façade of 10 meters.
Buildable depth of 9 meters.
Approximately 90 m2 per floor.

This makes it possible to design two single-family homes, or keep the ground-floor premises with upper-floor dwellings, thus optimizing profitability.

Ideal for developers, investors or individuals looking 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 scope of the project.

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