Ilha de São Miguel, Azores

Land with a vast potential for the creation of a residential development, either with single-family housing or multi-family residential buildings, or a mix of both types of construction. The land is located in an expansion zone of the city of Lagoa, next to the Convento dos Frades, in a land with a slight slope but essentially flat and uniform, confining with 2 roads (to the south and west). Its location close to the center of Lagoa and close to the main accesses to both the city of Lagoa and Ponta Delgada are a huge advantage for the construction of a residential development as it allows for quick and easy travel for families and businesses that choose to settle there.In terms of zoning, the land falls in Urbanized Area , in the subcategory Residential Spaces of Level II , allowing construction with a maximum footprint of 50% of the land area, and a maximum gross construction area of 100% of the land area, with the possibility of building 3 floors for residential buildings or 4 for commercial and service buildings.It is also allowed to build a tourist development on this land, taking advantage of not only its centrality, but also the sea view.Get in touch to find out more about this terrain!