This investment plot near Praia da Luz offers planning potential for up to 469.5m² of single-storey construction, subject to planning approval. The 3,130m² commercial land is available for €490,000, excluding the cost of constructing the building. It is positioned between the established areas of Luz and Lagos in the Algarve. The site could suit an investor seeking land for a restaurant, office, shop, warehouse or another permitted commercial service. Its broad commercial potential allows the eventual development to be shaped around local demand. The surrounding urbanisations and holiday resorts create a setting with both residential and tourism activity. One busy holiday resort borders the plot, while another is only a few kilometres away. This proximity may support customer visits, business visibility and potential commercial occupancy. The land benefits from easy access towards Lagos. It is approximately 1.6 kilometres from Luz and 5.4 kilometres from Lagos. The coastline and nearest beach are around 4.7 kilometres away. Golf facilities are approximately 4.3 kilometres from the site. The nearest school is around 4.6 kilometres away. Tarmac and country-road access provide a practical connection to the surrounding area. A well-planned restaurant could target holidaymakers, residents and local workers. Offices or service units could benefit from the nearby communities and transport links. A warehouse or trade-related facility could provide an alternative commercial use, subject to consent. Investors may assess rental income, business occupation or future resale potential as part of a wider feasibility study. Actual ROI will depend on the approved scheme, build costs, funding, operating income and market conditions. Planning, licensing and technical matters should be independently confirmed before exchange of contracts. Contact us to obtain more information and arrange a viewing of this development opportunity.
• 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)
