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Calle de Palermo, 14 0.21 Acres of Residential Land Offered at $2,280,260 in Hortaleza, Madrid 28043

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INVESTMENT HIGHLIGHTS

  • Good location.
  • Opportunity for both developers and investors or self-promotion.

EXECUTIVE SUMMARY

Two adjacent plots are available for sale with a total area of 835 m2 (415 m2 and 420 m2), located on Palermo Street in Canillas (Madrid).
The land is governed by zoning regulation 8, Grade 4, with a buildability of 1 m2/m2, allowing for residential construction of up to three floors plus a basement. This offers an excellent opportunity for developers, investors, or self-promotion of multi-family housing.
There are currently some buildings that need to be demolished.

PROPERTY FACTS

Price $2,280,260
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use Single Family Development
Total Lot Size 0.21 AC

1 LOT AVAILABLE

Lot

Price $2,280,260
Price Per AC $11,051,200.18
Lot Size 0.21 AC

Two adjacent plots with a total area of 835 m2 (415 m2 and 420 m2), located on Palermo Street, in Canillas (Madrid).

DESCRIPTION

Two contiguous plots with a total area of 835 m2 (415 m2 and 420 m2), located on Palermo Street, in Canillas (Madrid). The land is governed by zoning regulation 8, Grade 4, with a buildability of 1 m2/m2, which allows for residential construction of up to three floors plus a basement.

  • Listing ID: 39185312

  • Date on Market: 1/23/2026

  • Last Updated:

  • Address: Calle de Palermo, 14, Hortaleza, Madrid 28043

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