Investing in the Algarve can start with this remarkable former Olive Oil Mill, now available in Marmelete. For €850,000, this property offers a substantial 551m² of living area and a total constructed area of 610m², making it a perfect choice for commercial development. Its prime location, just a short drive from the beach and local amenities, positions potential investors in a thriving market. Built pre-1951, this solid stone facility features numerous windows that fill the space with light, creating an inviting environment. The property also boasts a new roof and space for various business ventures, tapping into the local charm and community appeal. Surrounded by the picturesque backdrop of the Algarve hills, the property’s renovation possibilities are endless. The two-floor layout provides flexibility for creating offices, workshops, or retail spaces, allowing investors to tailor the property to their specific business needs. Additionally, consider the potential ROI and rental opportunities given the area's popularity among tourists and locals alike. Act now and explore this investment to secure your future in commercial real estate. Contact us for an exclusive viewing!
• Business not in operation
• Living area 551m²
• Constructed area 610m²
• Plot 780m²
• 2 floors
• Year of construction - Pre-1951
• New roof
• Solid Stone Construction
• Numerous Windows flooding light into the property
• Spectacular Views
• Distance to the beach 24.8 km
The property was once a prominent Olive oil producing factory. It still has all the original features and equipment on the premises. This Impressive, and very large building. has potential to become another thriving industrial/commercial business, subject to project submission and approval.
Ground floor:
• Large open-plan space with 3 separate rooms and large entrance to side road
• Large windows
• Toilet
1st Floor:
• Large open space, numerous windows with fantastic views
• Solid stone walls and concrete floors
Outside:
• Parking spaces
• External areas for courtyard/patio
Amenities
• Mains Water
• Mains Drainage
• Mains Electricity
Location
• Distance to the beach 24.8 km
• Distance to the nearest golf course 22.9 km
• Distance to Faro airport 94.7km
• Distance to school 15 km
• Distance to Monchique 17 km
