Unique Premium Development Opportunity: 18th-Century Palazzo in Palma’s Historic Center

Palma, Balearic Islands, Spain
Price
  • 21.000.000€

  • Property Type
  • commercial
  • 0
  • 0
  • 2180 ㎡
  • 695 ㎡

Can Fuster, a magnificent manor house dating back to the 18th century, presents a unique restoration and development opportunity in the heart of Palma’s historic center. Located at Carrer de la Rosa, 2, this expansive property is classified under Grade B Structural Protection, ensuring its historical integrity while allowing for sensitive rehabilitation, modernization, and adaptation. The estate features highly coveted, characteristic Mallorcan architectural elements, including a traditional inner courtyard (pati) with an elegant three-flight SantanyĂ­ stone staircase, a classic covered wooden overhang, and porches supported by distinctive octagonal columns. While the primary facades on Carrer de la Rosa and Carrer de les Caputxines maintain significant typological value, the propertys current state offers a magnificent blank canvas for a sophisticated renovation that leverages its grand proportions and historic charm.

The buildings impressive scale spans seven levels, including a semi-basement, ground floor, mezzanine, and four upper floors. Strategically positioned near the prestigious Plaça del Mercat, Can Fuster represents a premium opportunity for a boutique hotel or high-end mixed-use project in a high-demand area of Palma de Mallorca. Alternatively, the expansive footprint allows for premium residential redevelopment, yielding approximately 120 square meters of potential luxury living space per unit.

 

Property Specifics

  • Property ID: PO0035
  • Price: 21.000.000€
  • Land Area: 695 ㎡
  • Bedroom: 0
  • Bathroom: 0
  • Property Type: commercial
  • Construction Size: 2180 ㎡
  • Condition: Resale

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