The 3,130m² commercial site in Luz is priced at €490,000 for the plot alone. It offers the potential to develop a restaurant, warehouse, office, shop or other commercial services property near Lagos. The indicated project size is up to 469.5m² when built as a single-storey scheme. The land is located on the outskirts of Luz and Lagos in the western Algarve. Its position near established resorts gives the site relevance for businesses serving residents and visitors. An upmarket urbanisation borders the plot. A large holiday resort is also adjacent, creating potential passing trade. Another resort is situated a few kilometres away. The site benefits from easy access via tarmac and country road. A restaurant project could target local households, holidaymakers and visitors travelling between Luz and Lagos. A warehouse or service business could make use of the accessible position and generous plot area. The property could also suit offices or a retail concept, subject to the relevant permissions and final design. Praia da Luz is approximately 1.6km away. Lagos is around 5.4km from the site. The beach and sea are approximately 4.7km away. Golf facilities can be found at about 4.3km. The nearest school is around 4.6km from the plot. Faro Airport is approximately 90.7km away. Construction is not included in the asking price, so the overall project budget will need to cover professional services, approvals, building works and fit-out. The site’s resort-facing position may support future rental, leasing or owner-operated income, although actual returns will depend on the selected business and market demand. Contact us to discuss the site, review the available information and arrange a viewing near Luz and Lagos.
• 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)
