Investment Opportunity in Santa Bárbara de Nexe – 5.500m2 construction Area

Discover an excellent investment opportunity in Santa Bárbara de Nexe, Faro, with a vast 12,000 m² plot. This property consists of a mixed-use building with six urban units, including four residential units and two industrial/storage units, offering a prime location just minutes from the capital of the Algarve. According to the PDM (Municipal Master Plan) of the Faro City Council, it is possible to build approximately 5,500 m² on this property. The plot can be subdivided, allowing for the construction of up to four single-family homes if divided into two lots. Alternatively, if subdivided, there is a significant portion of land that could be used for a rural tourism project, making it a versatile investment opportunity. This property has great potential for residential development or tourism projects. Whether you are looking to create a new housing development or develop a rural tourism project, the Faro area offers substantial growth opportunities. The land's location, just minutes from Faro, makes it an attractive option for future buyers or tourists looking to enjoy the best of the Algarve’s natural beauty. For more information or to schedule a viewing, please contact the team at Engel & Völkers Faro-Tavira. We are ready to assist you in realizing your next successful real estate investment in Algarve!