The €490,000 business development site near Luz is a 3,130m² commercial plot that could accommodate a restaurant, warehouse or office project. It offers an indicated single-storey development potential of up to 469.5m², subject to planning and licensing requirements. The asking price relates to the plot only, with construction costs to be paid separately. This makes it a potential base for buyers planning a new commercial operation in the Lagos area. Restaurant operators could consider serving nearby urbanisations and holiday resorts. A warehouse or trade-related business may benefit from the accessible position and available land. Office users could create premises close to Luz while remaining within easy reach of Lagos. The site is positioned on the outskirts of Luz and Lagos in the western Algarve. It has good access through tarmac and country-road connections. An upmarket urbanisation borders the property. A large holiday resort is located nearby, while another resort is only a few kilometres away. The beach and sea are approximately 4.7km from the development site. Luz town is about 1.6km away. Lagos is approximately 5.4km distant and offers extensive amenities, services and business facilities. The nearest golf course is around 4.3km from the plot. A school is approximately 4.6km away. Faro Airport is about 90.7km away for wider national and international travel. The site’s position may support passing trade, although projected revenue will depend on the chosen concept and final approvals. Buyers should obtain professional advice on planning, construction costs, funding and expected ROI before proceeding. Contact us today to request more details or arrange a discussion about this commercial land for sale near Luz.
• 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)
