Land for sale in Portimão, Portugal — €1,960,000

Land overview

Land classification in this area is rural. Review the details to better understand this land classification and confirm the relevant considerations before making a decision or planning your next steps.

About this land

Original listing description, in Portuguese.

RESIDENTIAL DEVELOPMENT LANDThe plot does not have an approved project.The subdivision foresees the feasibility of a project for 28 apartments (1-bedroom, 2-bedroom, 3-bedroom and 4-bedroom units).We present an excellent investment opportunity for property development: a plot with feasibility for the construction of a multi-family residential building with swimming pool.The total number of apartments may vary depending on the typologies and areas defined in the final project.General Project FeaturesPlot area: 750 sqmTotal construction area: 2,443 sqmNumber of floors: 7 floors above ground RESIDENTIAL DEVELOPMENT LANDThe plot does not have an approved project.The subdivision foresees the feasibility of a project for 28 apartments (1-bedroom, 2-bedroom, 3-bedroom and 4-bedroom units).We present an excellent investment opportunity for property development: a plot with feasibility for the construction of a multi-family residential building with swimming pool.The total number of apartments may vary depending on the typologies and areas defined in the final project.General Project FeaturesPlot area: 750 sqmTotal construction area: 2,443 sqmNumber of floors: 7 floors above groundBasement and sub-basement designated for parkingEstimated total number of units: up to 28 apartmentsParking: 30 spacesTypology Distribution (Preliminary Study)The building may include different configurations per floor, depending on commercial strategy and market positioning:Option 14 two-bedroom apartments per floorOption 21 one-bedroom apartment2 two-bedroom apartments1 three-bedroom apartmentOption 32 one-bedroom apartments2 three-bedroom apartmentsOption 42 four-bedroom apartmentsThe configuration can be adjusted according to market study and intended profitability.ParkingThe project provides for 30 parking spaces, distributed between basement and sub-basement levels, ensuring comfort, functionality, and added value to the development an increasingly decisive factor in an urban context.Investment OpportunityThis plot offers ideal conditions for the development of a modern multi-family building with high profitability potential, both for sale and rental.The combination of an optimized number of units, high-demand typologies, private parking, and configuration flexibility positions this project as a solid and strategic solution for developers and investors. #ref:L475