Building in a prime area of Palma, El Terreno
Preview
- Building
- 11
- 7
- 0
- 369
- 380
- 1849
Description
Building for Sale with Great Potential for a New Construction Project – Palma (Av. Joan Miró 66 & C/ George Bernanos)
Investment Opportunity in Palma – El Terreno
A plot with an existing building is for sale in a strategic location at C/ Joan Miró 66, with a dual street frontage (Joan Miró and George Bernanos), offering maximum urban planning potential and multiple development possibilities.
The property sits on a plot of approximately 380 m², with a total buildable area of around 530 m², allowing for the development of up to 6 residential units with a communal pool and parking spaces—ideal for both developers and investors seeking a high-yield new construction project.
On Joan Miró Street:
Possibility to build 3 residential units.
3 buildable floors.
Approximate façade of 10 m x 9 m depth (around 90 m² per floor).
On George Bernanos Street:
Possibility to build 3 additional residential units.
2 buildable floors.
Approximate area of 130 m² per floor.
There is the potential to create a basement with parking spaces, significantly increasing the project’s final value and the comfort of future residences, along with a large common area with a pool or other amenities.
Currently, the property consists of two independent commercial units (one with an adjacent residence) and a rear building on George Bernanos with 7 rented apartments, generating current income of €1,800 per month, with leases nearing expiration.
El Terreno is an area undergoing significant appreciation, surrounded by new developments, hotels, and services, including one currently under construction next to the plot. All of this makes the property an excellent investment opportunity with high growth potential and strong residential demand.
A unique opportunity to develop a modern, profitable, and forward-looking project in one of Palma’s most promising areas.
Direction
Open in Google Maps- Direction Palma,Illes Balears
- City Palma
- Zip code 07015
- Area El Terreno
Details
Updated on April 21, 2026 at 4:01 pm- Reference: 04sbap346rm
- Price: 880.000€
- Dimensiones: 369 m²
- Plot: 380
- Bedrooms: 11
- Bathrooms: 7
- Garage: 0
- Year of construction: 1849
- Property type: Building
- Operation: sale
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Energy class
- Energy class: G
- Global Energy Performance Index: 0 kWh/m² /1234.99 Kg CO2/m²
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0 kWh/m² /1234.99 Kg CO2/m² | Energy class GG
- H
