$4,608,204

Prime Development Opportunity With Approved Project Near Parque Das Nações

  • 97 Sqft
  • 31,496 Sqft lot
  • Updated: June 18
  • 6
    Views for last 30 days
  • 2

About the Property

Opportunity to develop a residential and commercial real estate project in a rapidly expanding socio-economic urban area of Sacavém, just 5 minutes from the Freguesia do Parque das Nações, Lisbon’s most modern and cosmopolitan district.

This is a location with high development potential, driven by major urban planning projects and large-scale infrastructure currently underway, which from
Opportunity to develop a residential and commercial real estate project in a rapidly expanding socio-economic urban area of Sacavém, just 5 minutes from the Freguesia do Parque das Nações, Lisbon’s most modern and cosmopolitan district.

This is a location with high development potential, driven by major urban planning projects and large-scale infrastructure currently underway, which from a strategic perspective will enhance the area’s attractiveness. This accelerated growth covers key sectors such as healthcare, education, commerce, well-being and leisure, essential for consolidating the presence of a middle to upper-middle market segment.

It is important to highlight that the land will be sold with an approved project and the construction license fully paid, currently under request for a 5-year extension, valid from 2026 to 2030.

Land and Project Features:

* Land area: 2,926 m²
* Gross construction area: 9,478.91 m²
* 4 blocks for residential and commercial use – Blocks A, B, C and D
* Storage rooms
* 85 underground parking spaces
* Gym, condominium lounge and multipurpose room
* Basement-level construction totaling only 1,784.61 m²
* Location between parallel streets: Rua Salvador Allende and Rua Júlio Bruno da Costa Pereira, in Sacavém
* Central garden integrated into the future private condominium
* Excellent solar orientation

Development Proposal to Accelerate Investment Recovery:

* Phase 1: Blocks A and B, with apartments and retail units, 2 and 3 bedroom apartment
* Phase 2: Blocks C and D, featuring (2 and 3 bedroom) duplex apartments located on the highest part of the land

Prime Location:

* Just minutes from Lisbon International Airport “Humberto Delgado”
* Close to Estação de Comboios do Oriente, with connections throughout the country
* 3 minutes from Urbanizações Real Forte I, II and III, Varandas de São José and,
soon, Empreendimento Clarissas
* The emblematic Fábrica da Loiça, founded in 1850
* 5 minutes from Lisbon’s most modern freguesia, Parque das Nações, host to major city events such as Expo 98, the recent visit of Pope Francis during World Youth Day 2023, as well as numerous artistic, technological and international exhibitions
* Estação de Comboios de Sacavém with connections to all municipalities in the
Lisbon district, including the city’s central and touristic area (Baixa de Lisboa)
* Metro Station – Linha Vermelha, connecting to Lisbon International Airport and
the entire metropolitan area
* Hospital Lusíadas de Sacavém
* CUF Descobertas
* Oceanário de Lisboa
* Centro Comercial Vasco da Gama
* Altice Arena (entertainment and events venue)
* Casino de Lisboa
* Colégio Pedro Arrupe
* Parque Tejo
* Jardim do Passeio dos Heróis do Mar
* Pavilhão do Conhecimento
* Multiple hotel options (Myriad by Sana, Tivoli Oriente, Ibis, Moxy Ikonik) and
internationally renowned restaurants

Main Road Access:

* Ponte Vasco da Gama and A12 (Autoestrada do Sul do Tejo), connecting Lisbon to Setúbal
* CRIL – Circular Regional Interior de Lisboa, complementary route to IC17, a fast
road encircling Lisbon to the North and West, linking Algés to Sacavém and forming a ring road together with Ponte Vasco da Gama
* Segunda Circular, an urban road linking the eastern part of the city (Parque das
Nações, Beato, Marvila, Penha de França and Olivais) to the western area

Schedule your meeting to receive a detailed presentation of all the features of this real estate investment opportunity, located in one of the most dynamic districts in Portugal and Europe.
  • Property type

    Land

  • Year built

    1992

  • Price/sqft

    $47,568

Features

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R. Júlio Bruno da Costa Pereira 50, 2685-062 Sacavém, Sacavem, Lisbon, Portugal View on Google Maps
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CENTURY 21 Colombo

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CENTURY 21 Colombo
Portugal
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133
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2022
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CENTURY 21 Colombo
Lisboa, Portugal
View agency profile
Last updated
June 18
First listed
Jan 16
Listing reference
C0222-06764
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