The asking price for this 3,130m² commercial site in the Lagos area is €490,000. In addition to the land purchase, buyers will need to budget separately for the construction of a potential building measuring up to 469.5m². The plot is located near Luz and Lagos and is suitable for commercial services such as a restaurant, office, shop or warehouse. This makes it relevant to investors planning a new business premises in the western Algarve. The site is close to urbanisations and a busy holiday resort. Its position near passing trade could help a future commercial operation gain visibility. Luz is approximately 1.6km away, and Lagos is around 5.4km from the property. The beach and sea are approximately 4.7km distant. A golf course is about 4.3km away, adding to the area's tourism appeal. The nearest school is approximately 4.6km from the land. Faro Airport is around 90.7km away. Access is described as easy, with tarmac and country-road access available. The plot also benefits from a countryside view. A single-storey design could allow the purchaser to tailor the layout to a specific business model. Potential uses range from hospitality and retail to offices, storage or other permitted commercial services. The price does not include building work, professional fees, utility connections, taxes or fit-out costs. Buyers should obtain a full development budget and verify planning conditions before making an offer. Revenue potential and return on investment will depend on the completed project and its ability to attract customers or occupiers. The surrounding resorts and nearby towns may provide a useful customer base for the right concept. Contact us now for further pricing information, planning details and a site viewing.
• 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)
