The asking price for this 3,130m² commercial business site in the Lagos area is €490,000. Buyers should budget this amount for the plot itself, with construction and related development expenses payable separately. The land offers a potential project size of up to 469.5m² for a single-storey building. It is situated near Luz and Lagos, on the outskirts of these established West Algarve destinations. Suitable commercial uses include a restaurant, office, shop, warehouse or other service-based business. The plot is bordered by upmarket urbanisation and close to a busy holiday resort. That setting may help a future business reach local residents, tourists and resort visitors. Luz is approximately 1.6km away and Lagos is around 5.4km from the site. The beach and sea are both about 4.7km away. A golf course is approximately 4.3km from the property. The nearest school is around 4.6km away. Faro Airport is roughly 90.7km distant. Easy access improves the site’s practical appeal for customers, employees and deliveries. The access is described as tarmac and country road. A purchaser can shape the final commercial concept according to market research, planning requirements and available finance. Additional budgeting should cover architects, surveys, licences, infrastructure, construction, utilities, taxes and professional services. Investors should also allow for ongoing operating costs and any required business equipment. The location may offer owner-occupier potential, commercial rental potential or future resale value, although no return is guaranteed. Independent legal, planning and financial advice is recommended before making an offer. Contact us now for more information about this commercial land for sale near 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)
