Other for sale in Arona, Spain

• 1001 m² of land (10775 sqFt)
• N/C

Rare investment opportunity in Palm Mar, Arona! This expansive residential plot spans 1,001 m² and is situated in the highly desirable area of Palm Mar in the south of Tenerife. Boasting a maximum occupancy of 25%, developers and property promoters have the potential to construct up to 400.4 m² across two stories, allowing for the creation of four individual 100 m² single-family homes. Palm Mar is a rapidly expanding region with a prime location near the ocean and convenient access to local amenities. The competitive pricing of land in this area combined with construction costs aligning with current market trends make for a lucrative and sound investment opportunity. The high demand for new properties in Palm Mar presents a promising opportunity for substantial returns on investment, making this plot a prime choice for savvy investors. Don't let this chance slip by to capitalize on the growth of this sought-after location and secure a successful project in one of Tenerife's premier destinations in the south.