€2,500,000

A development site located close to Setúbal city centre, Avenida Luísa Todi and the marina, with views over the Sado River. The property benefits from an established urban location and offers two potential development strategies: - Residential condominium, with a preliminary estimate of approximately 50 units - Senior living residence a sector experiencing growing demand, driven by demographic trends and the need for specialised housing for older people Two Prior Information Requests (Pedidos de Informação Prévia PIPs), approved by Setúbal City Council, were obtained for these two development options. Both have expired, so the projects will need to be resubmitted and updated in consultation with the municipality. In an appreciating market, the sites proximity to the city centre and waterfront, combined with the flexibility to explore different development scenarios, offers investors the opportunity to assess a strategy tailored to their investment objectives.