Spot image

1 / 10

Exact location

House of 0,0488 ha for sale in Palma de mallorca, Baleares

URBAN

|

HOUSES

0,049 ha | Balearic Islands

1 290 000 EUR

-7%

1 361 355 USD

Description

Unique opportunity in one of the most sought-after areas of Palma. Three-story building/single-family home for sale, with multiple possibilities for use and the legal option to add another floor. The property currently combines commercial and residential use, with separate entrances and a versatile layout that allows it to be used as a large single-family home, two separate homes, or a high-yield real estate project. Current layout. * Ground floor  200 m2 . Completely open-plan space. Commercial use. Ideal for business premises, conversion to parking spaces, or conversion into homes  depending on the project . * First floor – 3 double bedrooms, 1 single bedroom, 2 full bathrooms, entrance hall, several living rooms, kitchen-dining room. Heating by fireplace and radiators. Large rear terrace. * Second floor - 2 double bedrooms, 1 full bathroom, living-dining room, integrated kitchen, terrace on the floor, upper terrace. The two homes have separate access via an external staircase and are also connected by an internal staircase, allowing them to be used separately or together. Legal possibility of building an additional floor  up to 4 floors in total . Ideal for investors looking to. - Construct a new residential building. - Use the ground floor as parking and develop 3 residential floors. - Project for several homes to maximize profitability. Located in the Arxiduc area, a well-established neighborhood with excellent transport links, close to amenities, public transport, shops, and just a few minutes from the center of Palma. A property with multiple options: to live in, invest in, or develop. Ideal for families looking for space, as well as developers and investors. The sale price of the property includes the real estate agency commission, which will be paid in full by the seller. This price does not include the corresponding Property Transfer Tax  ITP , notary fees, or land registry costs, which are estimated at approximately 2% and must be paid upon signing the corresponding public deed. The tax percentage is calculated based on the final price stated in the public deed and may vary depending on subsidies, benefits, age, and other circumstances of the taxpayer.

Need financing?

Boost your agricultural, livestock, or forestry operation through Cocampo.

Request financing

Location

Select map

Need valuation/appraisal?

At Cocampo we offer professional valuation services, tailored to each type of property.

Value my property

Notice an error in this listing?

Let us know so we can correct it and help others.

Similar properties

Here are some properties that resemble your search

Options

  • Save
  • Share
  • We use our own and third-party cookies for analytical purposes and to personalise your experience based on your browsing habits (e.g. pages visited). You can accept all cookies, reject non-essential ones or manage your preferences by clicking on the relevant buttons. For more information, please see our Cookie Policy.