Investment Opportunity: Residential Plot in Algarrobo
€955,000
€955/m²
- 1
- Bedroom
- 1
- Bathroom
- 1,000 m²
- Interior
- Land
- Type
- 3 weeks ago
- Listed
The Habio take
This substantial residential plot in Algarrobo offers a unique investment opportunity with a partially finished building. Conveniently located in Andalusia, it presents options for both commercial and residential development.
- investment
- new build
- quiet
Highlights
- Substantial plot size of 1000 m²
- Mixed-use development potential
- Ground floor commercial space
- Two floors designated for apartments
- Possibility for further expansion
Worth knowing
- Building requires finishing touches
- Development timeline may extend
Good fit for: Ideal for investors seeking development opportunities in Andalusia.
Lifestyle scores
- Beach
- 30
- Walkable
- 50
- Remote work
- 50
- Family
- 40
- Retirement
- 60
- Airport access
- 40
- Investment
- 75
- Luxury
- 65
- Value
- 80
About this place
This impressive residential plot for sale in Algarrobo spans approximately 1000 square metres and includes a building that requires finishing touches. The structure consists of commercial premises on the ground floor, with the 1st and 2nd floors designated for apartments, each around 330 square metres. Additionally, there is potential for further expansion with the possibility to construct more floors.
Algarrobo, situated in the beautiful region of Andalusia, is known for its picturesque landscapes and vibrant local culture, making it a desirable location for both residential and commercial ventures. This plot is an attractive proposition for those looking to invest in a growing area with immense potential for development.
Where you’ll be
Algarrobo, Andalusia, Spain
Exact location is confirmed by the agent on enquiry.
Buying property in Spain
Spain welcomes foreign buyers with no nationality restrictions. The buyer needs an NIE (Número de Identidad de Extranjero) before completion, and most buyers open a Spanish bank account to handle the deposit and ongoing charges. An independent lawyer (abogado) is strongly recommended — the notario only checks the deed, not the wider title.
Spain ended its Golden Visa property route in April 2025.
Non-resident mortgages are widely available, typically 60–70% LTV.
Non-resident sellers face a 3% withholding from the sale price (retención), claimable against capital gains tax.
Always check community-of-owners (comunidad) debts and outstanding IBI before completion — they transfer with the property.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference
