This commercial development plot near Lagos and Praia da Luz is offered for €490,000. It comprises 3,130m² of land in the Luz parish, with Lagos approximately 5.4km away and the nearest town about 1.6km away. The site has a project size of up to 469.5m² for a single-storey commercial building, subject to the relevant planning requirements. The asking price is for the plot only and does not include construction. Buyers can assess the opportunity for developing a restaurant, office, shop or warehouse. Its location near busy holiday resorts gives the land a potentially valuable customer catchment. Upmarket urbanisations also border the plot. This combination may support businesses serving residents, tourists and passing motorists. Access is described as easy, with tarmac and country-road connections. The site is positioned on the outskirts of Luz and Lagos rather than in a remote rural setting. Praia da Luz and its resort facilities are within convenient driving distance. The beach and coastline are approximately 4.7km from the property. Golf is available around 4.3km away. Lagos contributes a broader commercial, cultural and tourism environment. The airport is approximately 90.7km away, making the site accessible for regional and international visitors. A commercial buyer could use the land for an operating business or consider a future investment scheme. Rental potential may be relevant if the completed premises are divided or leased to suitable commercial occupiers. Returns cannot be guaranteed and will depend on design, approvals, construction costs, demand and management. The site offers flexibility because the buyer can determine the most suitable commercial format within the authorised parameters. Contact us to discuss the €490,000 opportunity and arrange a viewing near Lagos and Praia da Luz.
• 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)
