Palma 07610 7,772 SF Retail Building $1,836,212 ($236.27/SF)

Commercial space on the beachfront in El Arenal (Palma de Mallorca), ideal for a restaurant, café, or bar. It has a capacity for up to 400 people, distributed across two levels, with panoramic views of the promenade and the sea from the upper floor. The property includes a central bar installed in a cabin, an equipped kitchen, storage space, and restrooms. It comes with all necessary permits, including the suitability report, both for commercial activity and for a potential change of use to multi-family residential. It allows for the execution of provisional and permanent works, has community permits, and complies with applicable urban planning regulations. El Arenal offers a well-established infrastructure and a wide range of services for residents and tourists. Its beachfront location generates high and continuous pedestrian traffic, making it a favorable environment for dining and entertainment businesses. The property offers several exploitation options: it can be purchased with a tenant, operated as your own establishment, or developed as a multi-family residential project in one of the most in-demand areas of Palma de Mallorca. Its beachfront location, constant foot traffic, and versatility of uses make this a significant investment opportunity on the waterfront.