Urban Plot for Sale with Great Potential for a New Construction Project – Palma (Av. Joan Miró 66 and C/ George Bernanos)
An urban plot with an existing building is for sale in a strategic location at C/ Joan Miró 66, with a two-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 the development of up to 6 apartments with a communal pool and parking spaces—ideal for developers or investors seeking a highly profitable new construction project.
On Joan Miró Street:
Possibility to build 3 apartments.
3 floors available for construction.
Approximate façade of 10 m × 9 m depth (around 90 m² per floor).
On George Bernanos Street:
Possibility to build 3 additional apartments.
2 floors available for construction.
Approximate area of 130 m² per floor.
There is the option to include a basement with parking spaces, significantly increasing the final value of the project and the comfort of the future apartments, along with a large common area with a pool or other amenities.
Currently, the complex consists of two independent commercial premises (one with an adjacent apartment) and a rear building on George Bernanos with 7 rented apartments, generating current income of €1,800 per month, with contracts nearing their end.
The El Terreno area is undergoing significant appreciation, surrounded by new developments, hotels, and services, including one currently under construction right next to the plot. 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.