Unique property with great potential in Palma's Old Town
Old Town, Palma
In one of Palma's most sought-after addresses, a rare opportunity is now offered to acquire an entire building with freehold in the heart of Palma's historic city centre. Properties of this type are rare on the market, especially in an area where supply is limited and demand is constantly high. The building comprises a total of 305 sqm of built area spread over several floors and offers a unique combination of residential spaces, commercial premises and private outdoor environments.
The property is located just steps from Plaza de Cort and Santa Eulàlia, surrounded by historic alleys, cozy restaurants, exclusive shops and some of Palma's most iconic attractions. Here you live in the heart of Palma's city center while the building offers a private and secluded feeling that is difficult to find in the Old Town.
One of the highlights of the property are the two private terraces, totalling 48 m2. From here, beautiful views open up over Palma's historic rooftops with views of several of the city's characteristic buildings. Terraces of this size and location are a real rarity in the old town centre and represent a significant added value to the property.
The building still retains many of its original architectural qualities. Traditional wooden beams, classic balconies and historic building details testify to the property's authentic character. Behind the adaptations of recent years there are also generous ceiling heights, which in some parts reach up to around 4.6 meters on the ground floor and around 3.4 meters on the other floors, which creates fantastic opportunities for a careful renovation where the building's original charm can be highlighted.
The large windows and traditional layout provide a wonderful light flow throughout the house. The light, the volumes and the historical details combine to create a warm and inviting atmosphere with great potential for those wishing to create an exclusive city residence, several attractive apartments or a unique investment project in one of Mallorca's most valuable areas.
The property offers approximately 195 sqm of living space, a 62 sqm commercial space at street level and the private terraces which together create a very flexible use. All areas have been verified through a topographical and georeferenced measurement carried out in 2025. The building also has an approved technical building inspection (ITE), a valid habitability certificate and energy class D, which provides a secure basis for future development.
This is a rare opportunity to acquire an entire property in the historic center of Palma, a property that combines an unbeatable location, private terraces, genuine Mallorcan character and significant development potential in a market where similar properties rarely come up for sale.
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The Old Town of Palma is an iconic district filled with charming squares, narrow cobblestone streets, and historic buildings, blended with wide avenues, bustling shopping streets, and an abundance of restaurants and cafés. Here, you can easily spend hours strolling through its enchanting streets.
From the heart of Palma’s city center, everything the city has to offer is within walking distance. It is the perfect balance of convenience and charm, offering both quality of life and relaxation. The area has a romantic atmosphere, with boutique shops selling designer interiors, antiques, and contemporary art galleries.
One of the highlights of the Old Town is Parc de la Mar, the park in front of the cathedral. This is a wonderful place to wander, especially in the evening when the ancient city walls are beautifully illuminated. During the summer, the park hosts open-air cinema screenings, markets, and concerts.
Bjurfors Real Estate in Mallorca are local experts on the property market and can assist you with buying or selling a home in Palma Old Town. Contact us today!
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