€3,200,000

Located in Loulé.
This magnificent plot of land, spanning 7,252m2, is situated just 1km from the heart of Almancil, within an urban setting. It stands out not only for its prime location but also for the ongoing project to erect a prestigious commercial building. This meticulously designed project aims to offer an exceptional commercial space, comprising a 1,450m2 area on the ground floor, ideal for accommodating a prominent supermarket, luxury retail shops, or warehouses. Additionally, the construction of a basement with a generous 1,954m2 area is planned, providing additional space for various commercial or storage purposes. In addition to the commercial aspect, this plot also offers the exciting possibility of developing upscale villas, maintaining the same established construction area designated for the commercial building, offering a unique opportunity to diversify and optimize the potential of this space. This is an unparalleled opportunity for investors or real estate developers looking to capitalize on a strategic location and a first-class development project. Almancil is a charming town located in the Algarve region of Portugal. Situated in the municipality of Loulé, it is renowned for its picturesque landscapes, stunning beaches, and vibrant cultural scene. Almancil is also famous for its upscale amenities and services, including luxury resorts, renowned golf courses, and gourmet restaurants serving delicious Portuguese cuisine and fresh seafood. With its Mediterranean climate and proximity to the Atlantic Ocean, Almancil attracts visitors and residents alike seeking a relaxed lifestyle and abundant sunshine. The town is surrounded by lush countryside, dotted with orange groves, vineyards, and almond trees, creating a scenic backdrop for outdoor activities and leisurely strolls. Additionally, the town boasts a thriving community with local markets, artisan shops, and cultural events that celebrate its rich heritage and traditions. Whether you're exploring its historic landmarks, lounging on its pristine beaches, or indulging in its culinary delights, Almancil offers a quintessential Algarvian experience that enchants visitors from around the world. Faro International airport is just 25 to 30 minutes away by car. Energy Rating: Exempt #ref:X9264