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What is the cost of investing in a commercial property in the Algarve?

Plot in Lagos

ref. LW2034
490.000€
  • NA
  • 3.130m2
  • Building Plot

Investing in a commercial property in the Algarve is a lucrative opportunity, with this specific plot available for €490,000. The plot spans 3,130m², allowing for diverse commercial developments such as restaurants, offices, or warehouses. Located just a short drive from Lagos, this prime area is ideal for businesses aiming to attract tourists and locals alike. Being situated near bustling urbanisations and family resorts enhances its appeal, offering great footfall. The zoning allows for a project size of 469.5m², providing ample space for building your ideal commercial venture. With easy access to major routes and just 4.7 km from the beach, this location favours frequent visitor traffic. Investors will appreciate the potential for high returns given the area's growing popularity among visitors. This plot offers a chance to establish a business in a vibrant region famed for its stunning coastline. Consider the local amenities and recreational activities nearby, including golf courses and cultural attractions, which increase the area's desirability. Don't miss out on this opportunity to invest in the Algarve's promising commercial landscape. Contact us today for more details!

Usage
Commercial
Type
Plot
Town
Lagos
Parish
Luz
Municipality
Lagos, Faro
Region
Algarve (West)
Usable area
469 m²
Plot Area
3.130 m²
Tarmac, Country Road
Countryside View
Building Plots
• 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)
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