Building for sale in Arxiduc - Palma de Mallorca

A unique opportunity in one of the most sought-after areas of Palma. A 3-storey building / single-family home is for sale, offering multiple possible uses and the legal option to add a further floor.

The property currently combines commercial and residential use, with independent access points and a versatile layout that lends itself equally to use as a large single-family home, two independent dwellings, or a high-yield property development project.

Current layout

* Ground floor (200 m²): Completely open-plan space. Commercial use. Ideal as a retail unit, conversion to parking spaces, or transformation into residential units (subject to project).

* First floor – 3 double bedrooms, 1 single bedroom, 2 full bathrooms, entrance hall, several living rooms, kitchen-diner. Heating via fireplace and radiators. Large rear terrace.

* Second floor – 2 double bedrooms, 1 full bathroom, living-dining room, open-plan kitchen, terrace on this level, upper roof terrace.

Both dwellings have independent access via an external staircase and are also connected by an internal staircase, allowing them to be used separately or together.

Legal possibility to build an additional floor (up to 4 floors in total). Ideal for investors looking to:

- Build a new residential apartment building

- Use the ground floor as parking and develop 3 residential floors above

- Create a multi-unit project to maximise returns

Located in the Arxiduc area, a well-established and well-connected neighbourhood, close to amenities, public transport, shops, and just a few minutes from the centre of Palma.

A property with multiple options: live in it, invest, or develop. Ideal for families seeking space as well as developers and investors.

The sale price includes the estate agency fees, which will be paid in full by the vendor. This price does not include the applicable Property Transfer Tax (ITP), notary fees, or land registry fees, which are estimated at approximately 2% and must be paid upon signing the corresponding public deed. The tax percentage is calculated on the final purchase price stated in the public deed and may vary depending on subsidies, grants, the buyer's age, and other personal circumstances.