Property Description

Unique Investment Opportunity in Palma´s Historic Old Town – Just Steps from Plaza de Cort

A rare opportunity to acquire an entire building in one of Palma´s most sought-after locations, nestled in the heart of the charming Old Town and just a short stroll from Plaza de Cort.

The property offers a total built area of 305 m², comprising a street-level commercial unit and residential accommodation distributed over four floors. At the top of the building are two private rooftop terraces with open views across the rooftops of the historic city – an exceptional and highly desirable feature in this prime location.

The building is being sold with full freehold ownership (no horizontal division), is completely vacant, and ready to be renovated according to the new owner´s vision. It presents an outstanding opportunity to create several exclusive residences, a boutique development, or a mixed-use project combining commercial and residential space.

Buildings of this calibre are exceptionally rare in Palma´s Old Town. Its unbeatable location, commercial premises, multiple residential floors, private rooftop terraces, and significant redevelopment potential make this a unique investment opportunity with excellent prospects for long-term value appreciation.

Property Summary

Total built area: 305 m²
Residential area: 195 m²
Commercial premises: 62 m²
Private terraces: 48 m²

The stated surface areas have been verified through a topographic and georeferenced survey carried out in 2025.

ITE (Technical Building Inspection) approved (2022).

The buyer will be responsible for all purchase-related costs according to the law, except for the municipal tax (plusvalía), which will be paid by the seller.

Mallorcabyrån Real Estate is your trusted agency, we are registered in the Official Property Registry of the Balearic Islands, (ROAIIB), with registration number GOIBE740330/2024.

Features