Faro, Faro 8950-411

Investment Opportunity in the Algarve - Land with Feasibility for Tourism Project. We present a unique property with a total area of 178, 198m, consisting of three independent plots, each with more than 50, 000m, previously occupied by a water park (currently deactivated). This set of lands has viability for tourism development, supported by positive opinions in Requests for Prior Information (PIP) issued by the City Council, allowing: The construction of a hotel, A caravan park, It is a bungalow resort. Strategic Location The property is located next to the main national road and direct access to the A22 motorway, with excellent visibility and accessibility, located next to an important connecting roundabout. Surrounding Environment Inserted in the Eastern Algarve region, this location offers immediate proximity to the most renowned beaches on the Algarve coast, such as: Manta Rota Beach, Green Beach, Praia da Altura. The Sotavento is recognized for its natural beauty, tranquility, mild climate and strong tourist attractiveness, being one of the regions with the greatest potential for appreciation in the Algarve. A rare opportunity to develop a tourism project in one of the most coveted areas of southern Portugal. Please contact us for more information or to schedule a site view.