
Cruz Assumada, 1, 8100-296 Loulé, Loulé, Loulé
Cruz Assumada, 1, 8100-296 Loulé, Loulé, Loulé
€699,900
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.
