Torrox, Málaga 29770 0.21 Acres of Commercial Land Offered at $534,014

Land Features. A consolidated urban plot is offered for sale with excellent potential for residential development in the municipality of Torrox, located in the heart of the eastern Costa del Sol. The parcel, with a total area of 833 m² and a buildable area of 2,652 m², allows for the construction of up to 30 free-market homes under a multi-family typology. Current urban planning regulations permit construction up to ground floor + 3 levels + penthouse. The plot currently has a structure pending demolition and allows for direct licensing to begin construction. The land slopes downward toward the north, with an elevated façade facing the main avenue, facilitating the design of homes with good views and ventilation. Strategic Location. Situated on Avenida Nuestra Señora de las Nieves, this site is located in a residential area that is 90% consolidated, with direct access to the A-7 highway, which connects the entire Costa del Sol. It is just a 5-minute drive from the beach and close to essential services such as schools, healthcare centers, and local shops. Torrox is a town with approximately 20,000 permanent residents and significant seasonal activity, making it ideal for projects targeting both the local market and second-home buyers. The area has seen a 21% increase in housing transactions over the past year, confirming a positive trend for investors. Value-Added Project. Renderings of the potential project are available, featuring a proposal for 2- and 3-bedroom homes with an average size of 85 to 100 m², common areas, parking spaces, storage rooms, and sustainable solutions such as aerothermal systems and hot/cold air conditioning. This combination of features addresses an unmet demand in the area, where there are currently no new multi-family building developments with shared amenities.