Estepona 29688 Land Building Offered at $1,102,510

Urban and commercial plot on Calle Revuelta, Cancelada - New Golden Mile, Cancelada (Estepona) Excellent investment opportunity in an urban plot located in one of the fastest-growing and most promising areas of the Costa del Sol: the New Golden Mile, in the Cancelada area of Estepona. The property is in a prime location next to the national N-340 highway heading towards Estepona, offering excellent visibility and easy access. The plot enjoys a corner position with access from two streets, a highly valued feature for both residential and commercial projects as it allows greater versatility in design and space utilization. Construction on this plot can include a ground floor, first floor, and second floor. The current owner would retain the built square footage on the ground floor for two commercial premises, bearing the proportional construction costs, and is selling the first and second floors, which would be built at the expense of the new owner. Urbanistically, the plot offers: - **Dominant use:** Residential, making it an excellent option for developing housing in an increasingly sought-after area. - **Complementary uses:** Educational, cultural, and sports-related. - **Compatible uses:** Hospitality, offices, retail, and dining, offering a wide range of possibilities for investors and developers. - **Maximum buildability:** 2.04 m²t/m²s, allowing for the development of a high-potential project in a consolidated and continuously expanding area. The location is another major highlight. The plot is just a 5-minute walk from the beach, a 5-minute drive from Estepona's town center, and approximately 10 minutes from Marbella, strategically situated between two of the most important destinations on the Costa del Sol. Additionally, the surrounding area is equipped with all the necessary services for daily life, including large supermarkets, pharmacies, restaurants, gyms, public transportation, and various shops, further enhancing the value and convenience of the location. In summary, this is an excellent opportunity to develop a residential or commercial project in one of the Costa del Sol's most promising growth areas, combining location, accessibility, and multiple urban planning possibilities.