Commercial for sale in Palma De Mallorca

Property ID: CAP-2666

€1,585,000

2,195 €/m²

722

m²

beds

baths

Open-air commercial premises on the 1st sea line in El Arenal, Palma de Mallorca, ideal for a restaurant, café or bar. The property with capacity for up to 400 people covers 2 levels and enjoys unobstructed panoramic views of the promenade and the sea from its 1st floor location. It features a central bar, kitchen, storage room and toilets. The property holds all required permits, including a suitability report for commercial use and a potential change of use to multi-family residential, allowing for temporary and permanent constructions, as community approvals are in place and urban planning regulations are met. Its high-quality surroundings and seafront location guarantee continuous foot traffic, and thanks to its rare dual-use potential, it represents an exceptional investment opportunity on the beachfront. El Arenal in Palma de Mallorca is known for its excellent infrastructure, offering a wide range of services for both residents and tourists. The area is particularly attractive due to its prime seafront location, resulting in consistently high pedestrian traffic. This lively neighborhood is a popular destination for dining and entertainment, and owning property here is an excellent way to capitalize on its vibrant atmosphere. Investing in a seafront property is always a sound decision. This spacious premises offer multiple uses and thus can be adapted to your needs: it can be purchased with a profitable tenant in place, be the location of your own hospitality business, or developed into a multi-family residential project in one of the most in-demand areas of Palma de Mallorca. Here, you win either way, because you have constant foot traffic, that spectacular location in 1st sea line, and an unusual versatility that allows you to adapt this investment to your profile and to current market developments.

Features

Security

Alarm System

Located in

Affordability

Calculate your monthly mortgage payments

Price

€

Down payment

€

Interest

Loan type

Your est. monthly payment

Get Pre-Qualified

Homes-abroad collaborate with all major banks in Spain

Homes-abroad real estate, work with mortgage brokers and all major banks in Spain. Through this link you can apply for a mortgage in Spain.

Mortgage calculator

Purchase expenses

Our expenses calculator will provide an estimate of all costs involved in buying a house in Spain. Use these figures as a guideline only: the actual figures will vary according to the property's location and the bank you choose, among other factors. To the total, you must add your mortgage payments, and comisión de apertura if your bank charges it.