Building in a Prime Area of Palma, El Terreno
Preview
- Houses
- 11
- 7
- 0
- 369
- 380
- 1849
Description
Building for Sale with Great Potential for New Development – Palma (Av. Joan Miró 66 and C/ George Bernanos)
Investment Opportunity in Palma – El Terreno
Urban plot with an existing building for sale in a strategic location, at Joan Miró 66, with frontage on two streets (Joan Miró and George Bernanos). This offers greater urban development potential and multiple possibilities for new construction.
The property sits on a plot of approximately 380 m², with a total buildable area of around 530 m². It allows for the development of up to 6 apartments with a communal pool and parking spaces – ideal for developers or investors looking for a new-build project with high profitability.
On Joan Miró Street:
Possibility to build 3 apartments
3 buildable floors
Approximate façade: 10 m x 9 m buildable depth (about 90 m² per floor)
On George Bernanos Street:
Possibility to build 3 additional apartments
2 buildable floors
Approximate area: 130 m² per floor
There is also the possibility of creating a basement with parking spaces, which would significantly increase the project’s final value and the comfort of future residents, along with a large communal area featuring a swimming pool or other amenities.
Currently, the property consists of two independent commercial premises (one with an adjacent residence) and a rear building on George Bernanos Street with 7 rented apartments, generating around €1,800 per month in income, with leases nearing expiration.
The El Terreno area is undergoing strong revitalization, surrounded by new developments, hotels, and services, including one currently under construction right next to the plot. All this makes the property an excellent investment opportunity with great growth potential and high 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 14, 2026 at 1:09 pm- Reference: 04sbap347
- Price: 880.000€
- Dimensiones: 369 m²
- Plot: 380
- Bedrooms: 11
- Bathrooms: 7
- Garage: 0
- Year of construction: 1849
- Property type: Houses
- 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
