Palma 07610 7,772 SF Retail Building $1,819,538 ($234.13/SF)

Commercial space on the beachfront in El Arenal, Palma de Mallorca, ideal for a restaurant, café, or bar, with a capacity for up to 400 people, featuring two levels and panoramic views of the promenade and sea from its first-floor location. It includes a central bar in a cabin, kitchen, storage room, and restrooms. The property has all the necessary permits, including a suitability report, both for commercial activity and for a potential change of use to multi-family residential, allowing for provisional and permanent renovations, as it has community permits and complies with urban planning regulations. Its high-quality surroundings and prime location near the sea ensure a high foot traffic flow, and with its dual-use possibilities, this is an exceptional investment opportunity on the beachfront. El Arenal in Palma de Mallorca is renowned for its excellent infrastructure, offering a wide variety of services for both locals and tourists. The area is particularly attractive due to its privileged beachfront location, which translates into continuous and high pedestrian traffic. This bustling neighborhood is an ideal spot for dining and entertainment, and owning property here is a great way to capitalize on the lively atmosphere. Investing in beachfront real estate is always a smart move. This spacious property comes with multiple options to suit your needs: you can acquire it with a profitable tenant from day one, operate your own business, or develop a multi-family residential project in one of the most in-demand areas of Palma de Mallorca. Either way, you win, thanks to the constant flow of people, the spectacular location directly in front of the sea, and the rare versatility that allows you to tailor this investment to your profile and market trends.