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Urban land with residential development potential

Faro-Olhão
Ref: 87537769
€500.000
An opportunity for developers and builders seeking to develop a residential project in Olhão, with the possibility of defining the product from the outset and structuring its future commercialization, just 270m from the dock (future marina) With 537 m² of total area, this urban property includes a single-story building with 228 m² of footprint and outdoor space, offering a foundation to study a conversion and residential construction operation. The available municipal information frames the property in Structuring Urban Space I and generally admits a subdivision operation or the construction of a building, in accordance with the PDM and other applicable conditions. It mentions a maximum of five floors, whose implementation depends on the proposed solution and its respective approval. For the developer, the interest lies in the possibility of evaluating an apartment operation for sale or developing an asset intended for rental. The definition of typologies, number of units, and marketable areas should result from a feasibility study that articulates building capacity, execution costs, and final product positioning. Integration into an Urban Rehabilitation Area frames the asset within the city's regeneration strategy. Sale price: €500,000. An asset for investors with development vision and execution capacity, seeking to transform urban potential into a real estate project supported by technical and financial analysis. Contact us to visit the property. The municipal information was issued under the right to information; the construction area and number of units depend on the feasibility of the specific operation and necessary approvals.
537
Area
537 m2
Land area