This beautiful building on Calle Cecili Metel, located in the heart of Palma’s Old Town, represents an exceptional investment opportunity in one of the city’s most prestigious areas. With a total of 745 m², it combines the charm of traditional Mallorcan architecture with excellent redevelopment potential.
The ground floor features a large commercial unit of 350 m², ideal for own business use or as a rental investment. Above it, there are two residential floors preserving original period details such as high ceilings, traditional tiles and large windows providing abundant natural light. Additionally, there is the possibility to construct one more floor, making it a highly versatile property suitable for residential, boutique hotel or office projects.
Located in one of Palma’s most emblematic streets, just steps from luxury shops, cultural landmarks and the city’s vibrant avenues, this building stands as a unique opportunity for investors and developers looking to acquire a prime asset in Palma’s historic center.
Key features:
745 m² built area
350 m² commercial premises on the ground floor
Two residential floors
Option to build one additional floor
Prime location in Palma’s Old Town
Ideal for investment or high-end redevelopment
If you are interested in this property, please contact us.