Description
Investment Opportunity for Developers or Investors. Approved Building Permit.
A complete five-storey building is offered for sale on Calle Sureda, Palma de Mallorca, with an approximate constructed area of 80 m² per floor, providing a total of around 400 m² of usable space. The property requires full renovation, representing a unique investment and development opportunity in a well-established area of the city with strong potential for value appreciation.
This building is ideal for conversion into modern residential units, one apartment per floor, or even a mixed-use residential project, subject to the possibilities permitted by current urban planning regulations.
Strategic Location
Located on Calle Sureda, in the Llevant district, the property benefits from excellent public transport connections, with several bus stops just a few minutes' walk away, linking the area to different parts of Palma. Road access is also convenient, with easy connections to the city centre and the main peripheral areas of Palma de Mallorca.
The area is characterised by mixed urban activity, with a presence of local shops, technical services, workshops and professional offices, facilitating everyday life for future residents of the homes developed in this building. Nearby services include vehicle and motorcycle rental companies such as Rent Express Mallorca and Mister Scooter (motorcycle rental in Mallorca), as well as a Repsol petrol station and local workshops such as Talleres Autocontrol. In the same street and its immediate surroundings there are also professional services, including air conditioning companies such as NClima and other technical service providers.
Education and Nearby Educational Centres
The location of the building offers several nearby educational options, making it an attractive address for families or long-term residential projects. Nearby educational centres include:
CEIP La Soledat - A public nursery and primary school located just a few minutes away, ideal for families with school-age children.
IES Josep Sureda i Blanes - A nearby public secondary school offering post-primary education.
Col·legi Sant Vicenc de Paul - La Soledat - A local school providing combined education within the neighbourhood.
Colegio Balmes and ESO i Batxillerat Sant Josep Obrer - Additional educational centres located in nearby areas of Palma, expanding the range of options available to residents.
There are also educational support academies such as Academia Morfosis, as well as Autoescola Taronja & Blau (driving school), which provide complementary services in the area.
Furthermore, Palma as a city offers a wide network of educational centres with different educational approaches within reasonable distances, appealing to residents with diverse needs and profiles.
Local Services and Quality of Life
In addition to the educational offer and public transport, the area surrounding Calle Sureda provides a wide range of local services, including:
Local shops, retail outlets and technical services distributed throughout the surrounding streets.
Urban bus stops within short walking distance, connecting the area with multiple public transport routes.
Local professional services (repairs, maintenance, logistics and others) that contribute to neighbourhood life and residents' day-to-day convenience.
The urban environment and proximity to the centre of Palma make this location attractive both for permanent residents and for those seeking rental properties in an area with consistent demand.
Investment Potential
This building represents a strategic investment opportunity for several reasons:
A well-established location in Palma de Mallorca, close to educational centres, public transport and local services.
The possibility of full renovation and redistribution, allowing optimisation of returns per square metre in the current market.
High demand for renovated properties in well-connected areas of Palma, which may result in fast resale or rental absorption.
Flexibility of use after renovation, enabling the creation of one residential unit per floor, tourist apartments (subject to regulations), or a mixed residential/office project.
Information and Contact
For further detailed information, floor plans, redevelopment possibilities or to arrange a viewing of the building, please do not hesitate to contact us. This is a unique opportunity for developers and investors seeking a project with strong value-added potential in Palma de Mallorca.
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