3-hectare building plot in Faro city, Algarve

3 Hectare Development Plot with Approved Subdivision Project in Faro City, Algarve

Situated just minutes from the Fórum Algarve Shopping Centre, this exceptional 31,170m² building plot offers a unique investment opportunity within Faro city limits. With a construction index of 60%, the land permits a total build area of up to 18,702m² across 9 subdivided lots — ready for a mixed-use project featuring 157 residential units and retail spaces.

Key Features:

• Total plot area: 31,170m² across 9 subdivided lots

• Buildable area: up to 18,702m² (60% index)

• Approved subdivision plan for 157 units (residential + retail)

• Fully developed infrastructure: water, electricity, and sewage connections

• Paved access roads and excellent city connectivity

This shovel-ready site benefits from a strategic location within the city of Faro, making it ideal for developers looking to create a residential community with integrated commercial zones. Whether you're planning apartment buildings, condominiums, or a blend of homes and retail units, this plot is primed for success.

Location Highlights:

Faro, the capital of the Algarve, offers a vibrant mix of cultural heritage and modern convenience. Its charming old town, scenic marina, and thriving university population make it a hub of year-round activity. The plot is ideally positioned near public transport, shopping centres, restaurants, schools, and healthcare, all within a 15-minute drive from Faro International Airport.

Why This Property Stands Out:

• One of the few large-scale development sites available in Faro city

• Pre-approved for subdivision and residential/commercial construction

• Flat terrain with excellent infrastructure and access

• Close to all amenities, including Forum Algarve, schools, and transport links

A rare opportunity to acquire a prime development plot in the heart of Faro — ready for immediate planning and build phase.