Mixed-use property with 150 m² commercial space, independent 2-bedroom apartment and 2600 m² land — 3 km from Loulé, Algarve

€699,900

Cruz Assumada, 1, 8100-296 Loulé, Loulé, Loulé

Residential House for sale in Loulé, Cruz Assumada, 1, 8100-296 Loulé, 300 m²

Cruz Assumada, 1, 8100-296 Loulé, Loulé, Loulé

€699,900

Ref:85793665
6Rooms
4Bed
3Bath
300
Type: Residential House

Description

Mixed-use property with enormous profit-making potential, located just 3 km from Loulé's centre and Quinta Ombria, on an easily accessible road with minimal traffic. Proximity to the A22 and Faro International Airport — just minutes away — makes this property a strategic location in central Algarve, ideal for entrepreneurs, investors, or families wishing to live and generate income simultaneously. Ground Floor — Commercial Space Ground floor with 150 m² total, currently converted into residential space with easily removable plasterboard partitions, allowing recovery of the original open-plan layout. Suitable for retail shop, restaurant, office, showroom, or services. Includes open-space living and kitchen area and a complete bathroom. Possibility of independent sub-letting. First Floor — 2-Bedroom Apartment with Independent Access 2-bedroom apartment with approximately 100 m² of usable space and autonomous entrance. Composed of entrance hall, living room with fireplace, well-equipped kitchen, two spacious bedrooms (one en-suite with built-in wardrobe) and second complete bathroom. Access via covered veranda with views over nature — ideal private outdoor space for al fresco dining. The kitchen's location at the veranda's end opens possibility for future expansion. Land and Grounds — Over 2600 m² Fully fenced property with electric gate and Portuguese cobblestone paved access courtyard. The land of over 2600 m² features a garden with tropical fruit trees and high potential for transformation: private or commercial parking, vegetable garden, orchard, leisure area, additional construction (subject to licensing) or space leasing. One of the properties with greatest development potential available in the area.

Contact Agent

Listing Agent