Land In Portimão With Approved Tourism Project

Located at the gateway to Portimão’s residential area, this spacious 7,833 m² plot offers 2,000 m² of gross construction area, presenting an exceptional opportunity for investors looking for a high-potential, solid project. The approved plan includes the development of a hotel with an adaptable option for senior living, featuring 35 accommodation units, distributed among 12 single rooms, 11 double rooms, and 12 two-bedroom apartments. Its central and strategic location enhances its appeal.

Just 5 minutes from the stunning Vau and Amado beaches, this property is surrounded by essential services, including shopping areas, restaurants, hospitals, and pharmacies, ensuring convenience and accessibility. The surrounding area seamlessly blends modernity and tradition, creating the perfect setting for an innovative and distinctive hotel that offers quality of life and comfort in one of the Algarve’s most sought-after regions. Additionally, should an urban planning revision take place, this space could benefit from expanded usage, further optimizing investment returns.

With easy access to the A22, this plot is located approximately 66 km from Faro Airport (50 minutes by car) and 280 km from Lisbon, ensuring efficient connections for residents and visitors.

Whether for a high-end hotel or a prestigious senior residence, this plot represents a unique investment opportunity for those looking to develop an innovative project in one of Portugal’s most valuable destinations.

Obs.:
The information regarding areas and other property characteristics was provided by the owner and verified by Stellar Properties & Rentals. Nevertheless, minor inaccuracies may remain, and therefore all details should be independently confirmed by prospective buyers.