Palma 07610 Retail Building $1,872,880

Premises available on the beachfront in El Arenal, Palma de Mallorca, ideal for a restaurant, café, or bar, with a capacity for up to 400 people, 2 levels, and panoramic views of the promenade and sea from its first-floor location. It features a central bar in a cabin, kitchen, storage, and restrooms. It has all necessary permits, including a suitability report, for commercial activity or a potential change of use to multi-family residential, allowing for both provisional and permanent works, as it has community permits and meets urban planning parameters. The high-quality environment and its location near the sea ensure high foot traffic, and with its dual possible uses, it is an exceptional investment opportunity on the beachfront. El Arenal in Palma de Mallorca is known for its excellent infrastructure, offering a wide variety of services for locals and tourists. The area is especially attractive due to its privileged beachfront location, resulting in high and continuous pedestrian traffic. This bustling neighborhood is an ideal place for dining and entertainment, and owning property here is an excellent way to capitalize on the lively hustle and bustle. Investing in beachfront property is always a good investment. This spacious premises comes with several options and adapts to your needs: you can acquire it with a profitable tenant from day one, operate it yourself with your own business, or develop a multi-family residential project in one of the most in-demand areas in Palma de Mallorca. You win either way, because you have constant foot traffic, that spectacular location directly in front of the sea, and an unusual versatility that allows you to adapt this investment to your profile and market evolution.