Buildings for development into apartment block in Olhão centre, Algarve

Development Opportunity: Buildings with Project Potential in Olhão Centre, Algarve

Located in the vibrant heart of Olhão, this 617m² plot includes multiple existing buildings with the potential to be transformed into a modern apartment block. With the capacity for up to 14 residential units, this is a prime investment opportunity ideal for developers seeking to capitalise on Olhão’s growing demand for both short-term rentals and permanent living spaces.

Key Features:

• Plot size: 617m²

• Development potential for up to 14 apartments

• Situated in the centre of Olhão

• Ideal for residential or rental income projects

These centrally located buildings offer a rare opportunity to create a stylish new residential complex in one of the Algarve’s most authentic and evolving coastal towns. Whether aimed at the local market or international buyers, the project promises strong returns and long-term value.

Location Highlights:

Olhão is a charismatic fishing town known for its vibrant market, colourful boats, and traditional charm. From the marina, ferries connect to the idyllic islands of Armona, Culatra, Farol, and Ilha Deserta — perfect for beach lovers and nature enthusiasts. The town is also a gateway to the Ria Formosa Natural Park, offering unique ecological tourism potential. Located just 15 minutes from Faro International Airport and 18 minutes from Forum Algarve shopping centre, Olhão is both accessible and increasingly popular with property investors.

Why This Property Stands Out:

• Excellent development opportunity in the centre of Olhão

• Capacity for 14 modern apartments

• Ideal for rental income or resale investment

• Located in a charming coastal town with strong growth potential

A standout project in the Algarve’s property market — ideal for developers seeking to invest in a location with year-round appeal and excellent connectivity.