The 1994–95 Segunda División season saw 20 teams participate in the second flight Spanish league.

CP Mérida Club Polideportivo Mérida was a Spanish football team based in Mérida, in the autonomous community of Extremadura. Having played twice in La Liga ( 1995–96 and 1997–98), the club was dissolved in 2000, due to serious economic debts. Its ...

Rayo Vallecano Rayo Vallecano de Madrid, S.A.D. (), often abbreviated to Rayo (Spanish for "thunderbolt"), is a Spanish professional football club based in Madrid, in the neighbourhood of Vallecas. Rayo was founded on 29 May 1924, and currently compete in La Lig ...

and

UD Salamanca Unión Deportiva Salamanca, S.A.D. () was a historical Spanish football team based in Salamanca, in the autonomous community of Castile and León. Founded on 9 February 1923 and nicknamed ''Los Charros'', the club played in white shirts and black ...

were promoted to Primera División.

Palamós CF Palamós Club de Futbol, S.A.D. is a Spanish football team based in Palamós, a town and commercial port in the ''Costa Brava'', in the autonomous community of Catalonia. Founded in the late 19th century, it currently plays in '' Tercera Divisió ...

and

CD Orense Club Deportivo Ourense, S.A.D. was a Spanish football team based in Ourense, in the autonomous community of Galicia. Founded in 1952 after the dissolution of old UD Orensana, it played in Segunda División B – Group 1, holding home games at ' ...

were relegated to

Segunda División B Segunda División B ( en, Second Division B) was the third tier of the Spanish football league system containing 102 teams divided into five groups, until it was replaced by the new structure in 2021. It was administered by the Royal Spanish Foot ...

Teams

Teams by Autonomous Community

Final table

Results

Promotion play-offs

First leg

Second leg

{{DEFAULTSORT:1994-95 Segunda Division Segunda División seasons 2

Spain , image_flag = Bandera de España.svg , image_coat = Escudo de España (mazonado).svg , national_motto = ''Plus ultra'' (Latin)(English: "Further Beyond") , national_anthem = (English: "Royal March") , i ...