Santa Catalina, Palma De Mallorca, Spain being shown by RED with MLS # 242160417074

Located between Es Fortí, Paseo Mallorca and Avenida Argentina, this property lies in one of Palma’s busiest areas. The surroundings combine a dense residential neighborhood with numerous offices, shops and services, ensuring a steady flow of foot traffic. With excellent public transport connections and direct access to the city’s main roads, the location is strategic for both investors and customer-facing businesses.~~The premises offer a ground floor area of 84 m², with direct access from a busy street. A glass-fronted façade enhances the business's visibility and brings in natural light. Its corner location further increases commercial exposure.~~Additional features include proper insulation for commercial use, standard façade finishes, maintenance responsibility assumed by the tenant, and available parking nearby. The property is currently rented under an active lease, offering a gross return of 4% from day one.~~The vibrant urban environment ensures investment stability and long-term occupancy. There is also the option to expand the portfolio with two more premises in the same area, reaching a total of 392 m² and a combined return of 3.8%.~~Surface area: 84 m²~• Monthly rent: €1,200~• Gross return: 4%~Option: 3 units total / 392 m² for €1,200,000 and 3.8% yield~~

Amenities

Bedrooms: 0
Full Bathrooms: 1
Partial Bathrooms: 0
Property Type: Commercial Unit
Home size: 914 ft² / 84.91 m²
MLS: 242160417074
Web ID: BR3UZD
Status: Active

$417,053

Listing currency: €360,000

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