€10,000,000 /Sale price

3 Hectare Development Plot with Approved Subdivision Project in Faro City, AlgarveSituated just minutes from the Forum Algarve Shopping Centre, this exceptional 31,170m2 building plot offers a unique investment opportunity within Faro city limits. With a construction index of 60%, the land permits a total build area of up to 18,702m2 across 9 subdivided lots ready for a mixed-use project featuring 157 residential units and retail spaces.Key Features:*Total plot area: 31,170m2 across 9 subdivided lots*Buildable area: up to 18,702m2 (60% index)*Approved subdivision plan for 157 units (residential + retail)*Fully developed infrastructure: water, electricity, and sewage connections*Paved access roads and excellent city connectivityThis shovel-ready site benefits from a strategic location within the city of Faro, making it ideal for developers looking to create a residential community with integrated commercial zones. Whether you're planning apartment buildings, condominiums, or a blend of homes and retail units, this plot is primed for success.Location Highlights:Faro, the capital of the Algarve, offers a vibrant mix of cultural heritage and modern convenience. its charming old town, scenic marina, and thriving university population make it a hub of year-round activity. The plot is ideally positioned near public transport, shopping centres, restaurants, schools, and healthcare, all within a 15-minute drive from Faro international Airport.Why This Property Stands Out:*One of the few large-scale development sites available in Faro city*Pre-approved for subdivision and residential/commercial construction*Flat terrain with excellent infrastructure and access*Close to all amenities, including Forum Algarve, schools, and transport linksA rare opportunity to acquire a prime development plot in the heart of Faro ready for immediate planning and build phase.Looking for more Algarve properties in Faro?View all properties for sale in Faro, Algarve? About Faro, AlgarveAs the capital of the Algarve, Faro blends traditional Portuguese charm with urban convenience. its scenic marina, medieval city walls, and cobbled streets give way to modern shopping, vibrant cafes, and a university community. From the historical Arco da Vila to the peaceful Ria Formosa Natural Park, Faro offers a dynamic environment for living, investment, or tourism. Just 15 minutes from Faro Airport, it's the perfect launch point to explore the Algarve's southern coast. ? Useful Links: Learn more about Faro on Wikipedia Explore all properties for sale in Faro? Local Highlights:* Forum Algarve Shopping Centre* Faro Old Town & Arco da Vila* Ria Formosa Natural Reserve* University of Algarve* 15 minutes to Faro international AirportFeatures* City View* Country Views