€11,500,000

Land for sale Faro
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Overview

SUMMARY: Discover an opportunity with this Faro land for sale and available for €11,500,000. This could be your next ideal home or a smart investment. More details await.

Investment Opportunity in the Algarve - Land with Potential for Tourism Development. We present a unique property with a total area of 178,198sqm, comprising three independent plots, each with over 50,000sqm, formerly home to a water park (now deactivated).

This land offers strong potential for tourism development, supported by positive feedback from Preliminary Information Requests (PIP) issued by the local municipality, allowing for: The construction of a hotel, A caravan park, And a bungalow resort. Prime Location Ideally situated next to the main national road and with direct access to the A22 motorway, this property benefits from excellent visibility and accessibility, located by a key roundabout. Surrounding Area Set in the heart of the Eastern Algarve (Sotavento), this location is within close proximity to some of the region's most stunning beaches: Manta Rota Beach, Praia Verde, Altura Beach. The Eastern Algarve is known for its natural beauty, year-round mild climate, and growing appeal to both national and international tourists, making it one of the most promising areas in southern Portugal for real estate investment. A rare opportunity to develop a tourism project in one of the Algarve's most sought-after regions. Contact us for more information or to schedule a visit.

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Details

  • Beds: 0
  • Baths: 0
  • Price: €11,500,000
  • Reference No.: csot21366445

Location

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