Property for building development in Almancil centre, Algarve

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:

• Double urban plot with a total of 557m²

• Comprises an old house, a commercial area and 2 garages

• Ideal for full redevelopment or restoration

• Previous project proposed 4 floors with 1,267m² of construction + 664m² basement parking

• 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:

• Rare development site in Almancil town centre

• Pre-existing project for a 4-storey building with basement parking

• Walkable access to restaurants, banks, supermarkets and transport

• 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.