The 3,130m² commercial plot near Lagos is for sale at €490,000. Located near Luz and Lagos in the western Algarve, it offers the potential for a commercial project of up to 469.5m² if built as a single-storey property. The purchase price covers the plot only and does not include construction costs. Buyers can consider developing a restaurant, office, shop, warehouse or another suitable commercial services business. The land occupies a strategic position on the outskirts of Luz and Lagos. It is bordered by an upmarket urbanisation and a busy holiday resort. Another resort is located a few kilometres away, supporting potential customer demand throughout the year. The location is well suited to a business that benefits from passing trade. Access is straightforward via tarmac and country roads. Lagos can be reached in approximately 5.4km. Luz town is even closer at around 1.6km. The nearest beach and the sea are approximately 4.7km away. A golf course is available within roughly 4.3km. The nearest school is around 4.6km from the site. Faro Airport is approximately 90.7km away. Its proximity to tourist resorts may appeal to buyers planning a hospitality, retail or service-led venture. The generous plot size also provides scope for practical site planning around the proposed building. Commercial land of this type can offer investment potential, although returns will depend on the final business concept, construction budget and trading performance. Contact us now to arrange further information or a viewing of this commercial opportunity.
• Plot Size: 3,130m²
• Project size 469,5m² (If single storey)
• Plot Suitable for Commercial Services eg Restaurant/Office/Shop/Warehouse
• The price includes the plot only, not the construction of the building
• Close to Urbanisation
• Easy Access
• Distance to Beach 4.7km
This plot sits in a great location on the outskirts of Luz and Lagos, with upmarket urbanisation and large busy holiday resort bordering the land with another resort a few km away.
The new buyer can decide to build any commercial/services property of up to 469m². It has good access and sits in a prime position for passing trade. This would make a great investment.
Amenities
• Easy access to Lagos
• Close to Tourist/Family Resort and urbanisations
Location
• Distance to Sea – 4.7km
• Distance to Beach – 4.7km
• Distance to Nearest Golf – 4.3km
• Distance from Airport – 90.7km
• Distance to Nearest School – 4.6km
• Distance to Nearest Town – 1.6km (Luz ) ( Lagos 5.4km)
