$2,291,389

Urban Plot For The Construction Of 28 Apartments With Swimming Pool In Alvor, 5 Minutes By Car From

  • 26,264 Sqft
  • 8,073 Sqft lot
  • Updated: June 18
  • 2
    Views for last 30 days

About the Property

RESIDENTIAL DEVELOPMENT LAND

The 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.
RESIDENTIAL DEVELOPMENT LAND

The 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 Features
Plot area: 750 sqm
Total construction area: 2,443 sqm
Number of floors: 7 floors above ground
Basement and sub-basement designated for parking
Estimated total number of units: up to 28 apartments
Parking: 30 spaces

Typology Distribution (Preliminary Study)

The building may include different configurations per floor, depending on commercial strategy and market positioning:

Option 1
4 two-bedroom apartments per floor

Option 2
1 one-bedroom apartment
2 two-bedroom apartments
1 three-bedroom apartment

Option 3
2 one-bedroom apartments
2 three-bedroom apartments

Option 4
2 four-bedroom apartments

The configuration can be adjusted according to market study and intended profitability.

Parking

The 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 Opportunity

This 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:L474
  • Property type

    Land

  • Price/sqft

    $87

  • Emissions

    NI

  • Consumption

    NI

Features

  • Garden
  • Water View
  • Mountain View
  • Investment Property
  • Basement
  • Parking

Explore the Area

Alvor, Portimão, 8500-000, Portugal View on Google Maps
Price per sqft
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Villas Key - Mediação Imobiliária, Lda

Joined 7 years ago
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Villas Key - Mediação Imobiliária, Lda
Faro, Portugal
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359
Listings
2019
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Villas Key - Mediação Imobiliária, Lda
São Gonçalo de Lagos, Faro, Portugal
View agency profile
Last updated
June 18
First listed
Mar 4
Listing reference
L474-0525288409
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