Land - Land To demolish or rebuild, for Sale, in Olhão, Quelfes, near City Center

Ruined house located in the center of Olhão, located on Rua António Henrique Cabrita, offers an exciting opportunity for development. With a total land area of 168 m2, this land offers enough space to build a residential building, apartments or offices. With the possibility of building a building of up to five floors, this being a structural space according to article 49 of the PDM (Municipal Master Plan), in paragraph 6, obliged to the average of the adjoining areas, having to be a setback to align with the confrontations. This property holds incredible potential to revitalize the area. The central location in Olhão makes it especially attractive, with easy access to amenities, transport, schools, restaurants and services.

The renovation of the existing property and the construction of the multi-story building can contribute to the expansion and modernization of the city, attracting investors and improving the urban environment. The transformation of this ruined house can become a positive milestone for Olhão, enriching the community and attracting new residents and businesses. This Project would not only restore an abandoned space, but also contribute to the development of the local community by offering new housing options and commercial spaces. This house has enormous potential for the construction of a building in the heart of Olhão. This is the perfect location for investors and entrepreneurs who want to take advantage of the growing demand for housing and commerce in the downtown area of the city.

Olhão is a charming city located in the Algarve region. Known for its maritime character and cultural heritage, Olhão is a must-see destination for anyone looking to explore the beauty of Southern Portugal.

The town offers easy access to the beautiful islands of the Ria Formosa, such as Ilha da Culatra and Ilha da Armona. These islands are known for their golden sandy beaches and crystal clear waters.

Olhão is truly a hidden treasure of the Algarve that deserves to be discovered.

Don’t miss out on this smart investment opportunity in one of the most beautiful cities in the Algarve, as the real estate market in Olhão is constantly growing! With the continuous revitalization of the center of Olhão and its growing popularity as a tourist destination, this land offers a potential for appreciation.

This is an incredible opportunity for visionary investors or builders who want to make their mark in the center of Olhão.

Please contact us for more information and to schedule a site visit.

Plot area: 168m2

Current implantation area: 83.75m2

Current dependent area: 28.72m2