An exceptional urban plot in Loulé, Faro, presents a prime development opportunity. This 868 m² parcel is approved for the construction of a six-storey building, complete with a dedicated basement for parking, spanning 619 m². The approved project outlines a total construction area of 2,570 m², with a building footprint of 571 m². It provides for 23 residential units, encompassing 2,424 m² of living space. Additionally, 155 m² is allocated for commercial or service use, enhancing its appeal as a mixed-use investment. This property offers significant potential for residential or combined commercial and residential development in a desirable location, priced at €1,800,000.