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Property For Building Development In Almancil Centre, Algarve
Description
Development Opportunity: Double Urban Plot with Project Potential in Almancil Centre, Algarve
Located in the heart of Almancil, this 557m2 double urban plot offers a unique investment opportunity with excellent development potential. The property includes an old house, a commercial unit, and two garages, and provides the flexibility to either renovate the existing structures or build two independent buildings, or one larger project spanning both plots. A previously proposed project outlined a 4-storey mixed-use building with apartments, shops, and underground parking.
Key Features:
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Double urban plot with a total of 557m2
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Comprises an old house, a commercial area and 2 garages
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ideal for full redevelopment or restoration
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Previous project proposed 4 floors with 1,267m2 of construction + 664m2 basement parking
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Excellent central location within walking distance to all amenities
With its prime central location, this property presents multiple development options, including residential apartments with retail units below or a larger single-building project. The site's size and versatility offer great potential for investors or developers looking to establish a foothold in the thriving Almancil real estate market.
Location Highlights:
Almancil sits in the prestigious Golden Triangle of the Algarve, surrounded by luxury resorts, golf courses, and beautiful beaches. The town itself is a bustling year-round hub with top-rated restaurants, shopping, and all daily conveniences. Just 20 minutes from Faro international Airport and 10 minutes from Vale do Lobo and Quinta do Lago, Almancil is a strategic location for both lifestyle and investment.
Why This Property Stands Out:
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Rare development site in Almancil town centre
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Pre-existing project for a 4-storey building with basement parking
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Walkable access to restaurants, banks, supermarkets and transport
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Strong investment potential in the heart of the Golden Triangle
Whether you're looking to build residential apartments, create a mixed-use commercial space, or restore a classic property, this double plot is an excellent opportunity in one of the Algarve's most desirable locations.
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š” About Almancil, Algarve
Almancil is at the heart of the Golden Triangle, known for its upmarket vibe, international community, and excellent accessibility to golf, beaches, and fine dining. With iconic Michelin-starred restaurants, boutique shopping, and proximity to Quinta do Lago and Vale do Lobo, it's a key destination for buyers and investors alike. Just minutes from Mar Shopping & Outlet Algarve and a short drive to Faro Airport, Almancil blends convenience with high-end lifestyle appeal. its steady growth and central location make it ideal for both permanent living and profitable investment. š Useful Links: Learn more about Almancil on Wikipedia Explore all properties for sale in Almancil
š Local Highlights:
* Close to the Vale do Lobo and Quinta do Lago golf courses
* Short drive to Faro Airport (-20 mins)
* 3 Michelin-starred restaurants and vibrant shopping options
* Easy access to beaches, leisure centres, and international schools
Features
* City View
* Golden Triangle
Price: $762,000
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