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11 500 000 €
Land in Altura, Castro MarimCastro Marim, Faro
Land in Altura with multimedia
178 198 m²
Energy efficiency
Investment Opportunity in the Algarve - Land with Potential for Tourism Development. We present a unique property with a total area of 178,198sqm, comprising three independent plots, each with over 50,000sqm, formerly home to a water park (now deactivated). This land offers strong potential for tourism development, supported by positive feedback from Preliminary Information Requests (PIP) issued by the local municipality, allowing for: The construction of a hotel, A caravan park, And a bungalow resort. Prime Location Ideally situated next to the main national road and with direct access to the A22 motorway, this property benefits from excellent visibility and accessibility, located by a key roundabout. Surrounding Area Set in the heart of the Eastern Algarve (Sotavento), this location is within close proximity to some of the region's most stunning beaches: Manta Rota Beach, Praia Verde, Altura Beach. The Eastern Algarve is known for its natural beauty, year-round mild climate, and growing appeal to both national and international tourists, making it one of the most promising areas in southern Portugal for real estate investment. A rare opportunity to develop a tourism project in one of the Algarve's most sought-after regions. Contact us for more information or to schedule a visit.
Additional link:https://www.casasdosotavento.pt/imovel/21707724