Faro, Portugal

Stand for Sale

Faro, Portugal

  • CA$2,992,951
  • 0 BEDS
  • 0 BATHS
  • 76,639.04 sq.ft. Land
  • CA$2,992,951

Stand for Sale

Faro, Portugal

  • CA$2,992,951
  • 0 BEDS
  • 0 BATHS
  • 76,639.04 sq.ft. Land
  • CA$2,992,951

Key Facts

  • MLS® #: 105250022
  • Property ID: SIRC2441692
  • Original Price: EUR 2,150,000
  • Property Type: Residential, Other
  • Lot Size: 76,639.04 sq.ft.
  • Year Built: 1900

Property Description

Land located in Faro, in an area that is rapidly expanding with great potential for appreciation, ideal for residential construction. The land has a total area of 7120m², allowing for 3600m² of construction area, offering an excellent opportunity for the development of residential projects, taking advantage of the continuous growth of the region. This land is part of the Vale da Amoreira Urbanization Plan (PUVA), which will continue to include the Penha and Vale da Amoreira areas, about one kilometer from the city center of Faro. With a total area of 21 hectares and a potential construction area of 168,000 square meters (m²), the PUVA is divided into several lots that will allow for multiple uses, from housing, commerce, and offices to solutions for student residences, healthcare, and senior housing. With a strategic location, close to various services and amenities, this is an unbeatable option for investors and builders looking for a promising space with significant development potential.

Listing Agents

  • Vilamoura Office

    O. +351914530933

  • Virgolino Gomes

    O. 351919224919

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Marketed By

Portugal Sotheby’s International Realty
Algarve, Vilamoura, Quinta Lago, Vale lobo Av Marina, Vila Lusa, Loja 5
Loulé, Faro, 8125-401
Portugal

(+351) 919 224 919

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