Plot of land with approved PIP for building construction.

Plot of land with approved PIP for building construction.

Explore this unique investment opportunity with this urban plot located in the center of Setúbal, covering approximately 2,200 m² and featuring three buildings in a state of ruin. Approved PIP According to the approved PIP dated 19/07/2023, a residential and commercial building may be constructed on this plot: 3 floors above ground plus roof-space utilization, with a covered area of 1,099.74 m² and a total construction area of 3,574.36 m². We consider constructing 3 floors: Ground floor (R/C) comprising 599 m² for residential use and 500 m² for commercial use; the remaining floors (1st and 2nd floors), totaling 2,198 m² for residential use, resulting in a total construction area of 3,297 m². The properties are located in the city center, within a consolidated residential area approximately 500 meters from the river, on one of the most emblematic avenues in the city center. The surrounding area consists of 5- to 6-story multifamily residential buildings and commercial establishments. In terms of facilities, services, and commerce, this is a well-served area. Surface parking is readily available without significant difficulty. Public transport is provided by regular bus routes with stops nearby. a) The first building, at ground level, has a covered area of 52 m², offering possibilities for rehabilitation or reconstruction according to your objectives. b) The second building, also at ground level, has a covered area of 54.7 m², providing potential space for various purposes—from residential to commercial activities. c) The third building, also at ground level, has a covered area of 52.5 m², plus a shed of 103 m² and a courtyard with a generous area of 1,980 m². This configuration allows for a variety of development or expansion options—whether for residential, commercial, or other purposes. The central location of this plot provides easy access to services, commerce, and public transportation, making it a strategic choice for diverse types of projects. Its proximity to Setúbal—a city rich in history and culture—further enhances the value of this property. This plot offers vast potential for investors seeking opportunities in a developing area or for those wishing to develop a project tailored to their specific needs and vision. Don’t miss this opportunity to shape the future of this plot in Setúbal. Schedule your visit today and discover all the possibilities this plot has to offer. The information provided does not replace your own verification and cannot be considered binding.