Stand for Sale (Off Market)

For Sale, 18,500,000 EUR (~ 19,954,241 USD)


Property Type : Residential Lot

Property Style : N/A

Build Size : N/A

Land Size : 488,681 ft² / 45,400 m² Convert Land Size

Bedroom : 0

Bathroom : 0

Half Bathroom : 0

MLS#: 105230126


Property Description

Discover the potential of this promising land located within the area covered by the Lejana Detailed Plan, in Faro. With precise delimitation on the implementation plan, it spans approximately 41.84 hectares, offering a multitude of possibilities for occupation and use. This land is in compliance with all the guidelines of the Lejana Detailed Plan and has been duly approved and published in the Official Gazette. This ensures legal security and peace of mind for future developments in this privileged location. It presents an excellent opportunity for the construction of 20 habitation apartment blocks with 8 and 6 floors, totaling an incredible 568 units. The variety of sizes and configurations allows for meeting the different needs and preferences of potential residents. In addition to the residential blocks, the land also includes a block designated for a tourist development. This building can be converted into housing, offering flexibility and adaptability to future owners. With approximately 2623.23 square meters of implementation area, 8 floors, and 130 units, this tourist development is an excellent investment opportunity. The area covered by the Lejana Detailed Plan is strategic and has great potential for appreciation. The enhancement of the entrances to the city of Faro and the optimization of public space are factors that drive attractiveness and development in the area.
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Stand for Sale, Portugal,Faro is a Faro luxury Residential Lot listed for sale 18,500,000 EUR. This high end Faro Residential Lot is comprised of 0 bedrooms and 0 baths. Find more luxury properties in Faro or search for luxury properties for sale in Faro.