This investment plot near Lagos is suitable for offices, shops, restaurants, warehouses or other commercial services, subject to the required approvals. The 3,130m² site is available for €490,000 and has an indicated development potential of up to 469.5m² for a single-storey project. Buyers looking for flexible commercial land in the Algarve can consider this site near Luz. Its broad potential makes it relevant to owner-occupiers, business operators and property investors. The plot price does not include the cost of constructing the building. A restaurant could serve residents, holidaymakers and passing visitors from nearby resorts. Offices could provide space for professional or local service businesses. A shop or warehouse could benefit from straightforward access and a growing tourism-oriented setting. The land is positioned on the outskirts of Luz and Lagos. An upmarket urbanisation borders the plot. A large holiday resort is also nearby, with another resort a few kilometres away. This setting may support visibility and passing trade for an appropriately planned commercial venture. Praia da Luz beach is approximately 4.7km from the property. Luz town is only around 1.6km away. Lagos is approximately 5.4km away and offers additional shops, services, restaurants and marina facilities. The nearest golf course is around 4.3km distant. A school is located approximately 4.6km away. Faro Airport is about 90.7km away by road. Investors should assess planning conditions, construction expenditure, operating costs, demand and potential returns before purchasing. Contact us to learn more about this versatile commercial investment opportunity 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)
