VivaMallorca Real Estate
Buy • Commercial property • Mallorca • Palma

Impressive Warehouse with Conversion Project into Flats in Central Palma

Object No.: R27770
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€1,800,000

Purchase price

Highlights

  • High ceilings
  • City
  • Historic old building
  • Unfurnished
  • Bars and restaurants within walking distance

Description

Located just off Calle Olmos, one of Palma’s busiest pedestrian streets, this former printing house offers 568 m² of total space (approx. 468 m² interior + 100 m² private patio). Its discreet entrance leads into an unexpectedly vast interior with 8-meter-high ceilings, oversized windows, and open-span volume ideal for redevelopment. The building has undergone key structural improvements: the roof has been entirely replaced, reinforced, and fitted with skylights for natural light. A proyecto básico has already been submitted for its division into residential units, though its layout also supports alternative commercial uses such as a restaurant, co-working hub, wellness studio, or showroom. The property retains original architectural features, including exposed wooden beams and a restored historical façade. Its location near Plaza España ensures consistent foot traffic year-round, particularly from tourists accessing nearby shops, hotels, and attractions. With flexible zoning potential and strong visibility in one of Palma’s most trafficked corridors, this is a rare opportunity to repurpose a landmark space into a high-yield commercial asset.

Amenities

  • Bars and restaurants within walking distance
  • City
  • High ceilings
  • Historic old building
  • Unfurnished

Location

Palma

PROVIDER OF THIS PROPERTY

Realestate Agent Office
Firstmallorca