Faro, Faro 8700

'Unique Investment Opportunity: Urban Land in the Riverside Zone of Olho! This urban plot of 2236m offers an exceptional potential for the development of 3 buildings of up to 5 floors above ground level. Located in Olho, in an area undergoing heavy restructuring, the land is just 50 meters from the marina and the city center, providing easy access to all services and amenities. With feasibility for the construction of 3 blocks of buildings, totaling 4652m of above-ground construction area, this land presents a unique opportunity for the creation of 35 apartments, a basement for parking 43 vehicles and several storage rooms, with a total volume of 14, 343m3. Don't miss out on this amazing investment opportunity! Contact us today for more information and to secure your place in this exciting project. ' Olho, a picturesque town situated in the Algarve region of Portugal, has been increasingly recognized as an attractive destination for real estate investments. Here are some key points that highlight the building opportunity and profitability in the city of Olho: Strategic Location: Olho has a privileged location, with easy access to other important cities in the Algarve, such as Faro and Tavira. Additionally, the proximity to Faro International Airport makes the city easily accessible for residents and tourists alike. Growing Demand for Real Estate: With the increase in tourism in the Algarve region, the demand for residential and commercial real estate in Olho has grown significantly. The city attracts both foreign investors looking for second homes and locals looking for buying opportunities. Riverside Area: The location of the urban land in the riverside area of Olho is highly attractive, offering stunning views of the marina and the ocean. This area is especially popular with tourists and residents seeking a tranquil atmosphere and an authentic experience of the Algarve's maritime culture. Profitability Potential: With the feasibility for the construction of 35 apartments, along with commercial spaces and parking, the project presents a strong potential for profitability. The growing demand for housing in the region, both for permanent housing and short-term rentals, further adds to the appeal of the investment. Ongoing Urban Development: Olho is undergoing a process of restructuring and revitalization, with improvements in urban infrastructure and service provision. This creates a favorable environment for real estate investments, with the expectation of property appreciation in the long run. In summary, the city of Olho offers a unique combination of strategic location, growing demand for real estate, and potential profitability for real estate investors. The urban land on the riverside presents an exciting opportunity to participate in the growth and development of this charming Algarve town.