Torrox, Málaga 29770 0.21 Acres of Commercial Land Offered at $534,933

Land characteristics. An urban consolidated plot is offered for sale for residential development in the municipality of Torrox, Eastern Costa del Sol. The parcel covers an area of 833 m² with a total buildable area of 2,652 m², allowing for the construction of up to 30 free-market multifamily homes. Current urban planning regulations permit construction of ground floor + 3 floors + penthouse. The plot includes an existing structure pending demolition and allows for immediate building permit acquisition. The land slopes downward to the north and features an elevated façade facing the main avenue, facilitating the design of homes with good views and ventilation. Strategic location. Located on Avenida Nuestra Señora de las Nieves, the site is in a residential area that is 90% consolidated, with direct access to the A-7 highway. It is approximately a five-minute drive from the beach and close to essential services such as schools, healthcare centers, and local shops. Torrox has a stable population of around 20,000 residents and experiences significant seasonal activity, making it ideal for projects targeting both the local market and second-home buyers. The area saw a 21% increase in housing transactions over the past year. Value-added project. 3D renderings of the potential project are available, proposing 2- and 3-bedroom homes with average sizes ranging from 85 to 100 m², along with shared spaces, parking, and storage units. The project incorporates sustainable solutions such as aerothermal systems and heating/cooling climate control. The proposal addresses local demand for multifamily developments with shared amenities.