You can buy this 3,130m² commercial plot near Lagos in the Algarve for €490,000. The land is located in the Luz parish, approximately 1.6km from Praia da Luz and 5.4km from Lagos. It offers a commercial development opportunity with a permitted project size of up to 469.5m² for a single-storey building, subject to the applicable approvals. The plot is intended for commercial services rather than residential use. Possible uses include a restaurant, office, shop or warehouse. Its position on the outskirts of Luz and Lagos places it close to established urbanisations. A large holiday resort borders the land, creating potential exposure to local residents and visitors. Another resort is situated a few kilometres away. Easy access from a tarmac and country road supports practical day-to-day operations. The location is well suited to a business seeking visibility and passing trade. The nearest beach and the sea are approximately 4.7km away. A golf course is around 4.3km from the site. Praia da Luz provides nearby resort amenities, while Lagos offers a wider selection of shops, restaurants and services. Lagos is a popular west Algarve destination with strong tourism activity throughout much of the year. The 3,130m² site gives buyers room to plan an appropriately scaled commercial scheme. The purchase price covers the plot only, so construction and associated development costs should be budgeted separately. Investors may consider the site for an owner-operated business or a commercial asset with future rental potential. Any expected income, return on investment and final use will depend on the completed project, market conditions and the necessary permissions. Contact us today to arrange further information and explore this commercial land investment 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)
