Prime mixed-use investment property in the historic centre of Palma de Mallorca, offering a rare opportunity to create luxury residences or hotel apartments alongside premium commercial space in one of the city’s most prestigious locations.
Set around Plaza de Cort, the building combines a high-profile city-centre position with substantial development potential. It comprises a basement, ground-floor commercial premises, six upper floors and a penthouse, creating significant scope for a high-end residential, hospitality and retail scheme.
The ground floor is designed for premium commercial use, with proposals for an independent entrance from Calle Palau Reial, an open and adaptable retail layout, air-conditioning provision and smoke extraction. The basement can potentially complement the commercial accommodation through additional storage, technical facilities or integration with the ground floor.
The first through sixth floors and penthouse offer the potential to create luxury residences or hotel apartments. Proposed layouts include multi-bedroom apartments with generous living and dining areas, with approximately 469.87 m² of constructed space on certain floors.
Positioned among Palma’s historic architecture, luxury boutiques, restaurants, hotels and major landmarks, the property benefits from a pedestrian-friendly location, year-round footfall and proximity to the marina.
With a sale price of €14 million–€17 million, this is a substantial Palma property investment offering flexible mixed-use potential in a tightly held city-centre location.
