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Zona centro Apartment Building $871,789 Palma, Islas Baleares 07011
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INVESTMENT HIGHLIGHTS
- In the heart of Palma.
- Investment opportunity.
EXECUTIVE SUMMARY
Ref: 3396-13114
This property has high potential for appreciation, making it especially attractive for developers, investors, or owners looking for an asset in one of the most in-demand residential cities in the Mediterranean. Located in one of the most established and well-connected areas of Palma de Mallorca, this building offers an excellent opportunity for both investment and a real estate repositioning project. MULTIFAMILY RESID. AV-MC. V. (B3x)
The property has a buildable area above ground of 380 m2, distributed over a ground floor, two upper floors, and a recessed penthouse, forming a balanced volume with great potential for various residential or mixed uses, according to applicable regulations.
Currently, the building has two active tenants, ensuring immediate profitability from the moment of acquisition. This partial occupancy allows for a progressive improvement or rehabilitation strategy without losing income during the process.
Highlighted features:
• Location: Palma de Mallorca. Urban environment with services, transportation, commerce, and proximity to the center.
ZONING SUMMARY – AREA B3x (Palma de Mallorca).
1. Main urban planning parameters.
Minimum plot area: 320 m2.
Minimum plot width: 14 meters.
Maximum height:
3 floors + penthouse.
10.2 meters + 3 meters (*)
Total absolute height: 10.2 meters + 5 meters (*)
Maximum overhang: 0.7 meters.
Residential index: 1 dwelling / 26 m2 of buildable land.
Max. ground floor height: 4.3 meters.
This property has high potential for appreciation, making it especially attractive for developers, investors, or owners looking for an asset in one of the most in-demand residential cities in the Mediterranean. Located in one of the most established and well-connected areas of Palma de Mallorca, this building offers an excellent opportunity for both investment and a real estate repositioning project. MULTIFAMILY RESID. AV-MC. V. (B3x)
The property has a buildable area above ground of 380 m2, distributed over a ground floor, two upper floors, and a recessed penthouse, forming a balanced volume with great potential for various residential or mixed uses, according to applicable regulations.
Currently, the building has two active tenants, ensuring immediate profitability from the moment of acquisition. This partial occupancy allows for a progressive improvement or rehabilitation strategy without losing income during the process.
Highlighted features:
• Location: Palma de Mallorca. Urban environment with services, transportation, commerce, and proximity to the center.
ZONING SUMMARY – AREA B3x (Palma de Mallorca).
1. Main urban planning parameters.
Minimum plot area: 320 m2.
Minimum plot width: 14 meters.
Maximum height:
3 floors + penthouse.
10.2 meters + 3 meters (*)
Total absolute height: 10.2 meters + 5 meters (*)
Maximum overhang: 0.7 meters.
Residential index: 1 dwelling / 26 m2 of buildable land.
Max. ground floor height: 4.3 meters.
PROPERTY FACTS
| Price | $871,789 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Property Type | Multifamily | Building Size | < 15,000 SF |
| Property Subtype | Apartment | Year Built | 1960 - 1969 |
| Price | $871,789 |
| Sale Type | Investment |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Building Size | < 15,000 SF |
| Year Built | 1960 - 1969 |
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