€650,000 /Sale price

Algarve Central

Overview

SUMMARY: Discover an opportunity with this Algarve Central land for sale and available for €650,000 /Sale price. This could be your next ideal home or a smart investment. More details await.

Development Opportunity: Double Urban Plot with Project Potential in Almancil Centre, AlgarveLocated

in the heart of Almancil, this 557m2 double urban plot offers a unique investment opportunity with excellent development potential. The property includes an old house, a commercial unit, and two garages, and provides the flexibility to either renovate the existing structures or build two independent buildings, or one larger project spanning both plots.
A previously proposed project outlined a 4-storey mixed-use building with apartments, shops, and underground parking.Key Features:*Double urban plot with a total of 557m2*Comprises an old house, a commercial area and 2 garages*ideal for full redevelopment or restoration*Previous project proposed 4 floors with 1,267m2 of construction + 664m2 basement parking*Excellent central location within walking distance to all amenitiesWith its prime central location, this property presents multiple development options, including residential apartments with retail units below or a larger single-building project. The site's size and versatility offer great potential for investors or developers looking to establish a foothold in the thriving Almancil real estate market.Location Highlights:Almancil sits in the prestigious Golden Triangle of the Algarve, surrounded by luxury resorts, golf courses, and beautiful beaches. The town itself is a bustling year-round hub with top-rated restaurants, shopping, and all daily conveniences. Just 20 minutes from Faro international Airport and 10 minutes from Vale do Lobo and Quinta do Lago, Almancil is a strategic location for both lifestyle and investment.Why This Property Stands Out:*Rare development site in Almancil town centre*Pre-existing project for a 4-storey building with basement parking*Walkable access to restaurants, banks, supermarkets and transport*Strong investment potential in the heart of the Golden TriangleWhether you're looking to build residential apartments, create a mixed-use commercial space, or restore a classic property, this double plot is an excellent opportunity in one of the Algarve's most desirable locations.Looking for more Algarve properties in Almancil?View all properties for sale in Almancil, Algarve

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Details

  • Price: €650,000 /Sale price
  • Internal Reference No.: 84115629

Amenities

  • Home
    • City View
    • Golden Triangle

Location

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