Panoramic View of Porto Palermo Castle & Bay 🔹 Property Overview We offer for sale a 3,500 m² plot of land located on the main coastal road in Porto Palermo, one of the most iconic and fast-developing areas of the Albanian Riviera. The land enjoys a clear, unobstructed view of Porto Palermo Castle, crystal-clear waters, and surrounding hills, making it a rare and strategic investment opportunity. 🔹 Key Details Total plot size: 3,500 m² Location: Porto Palermo, Himarë area Access: Direct access from the main asphalt road View: Full panoramic sea view & direct view of Porto Palermo Castle Surroundings: Natural landscape, tourist traffic, historic landmark Use potential: Residential villas, boutique hotel, tourist complex, eco-lodges, restaurant, or mixed-use development 🏗 Development & Investment Potential Due to its strategic road-front position and touristic visibility, the land is ideal for: Boutique hotel or B&B Luxury villas for short-term rentals Eco-resort or glamping units Restaurant or panoramic café with accommodation Porto Palermo is increasingly sought after by foreign buyers and tourists, thanks to its untouched nature, historical importance, and proximity to Himarë and the Ionian coast. 💰 ROI – Return on Investment (Estimated) 🔸 Scenario: Boutique Hotel / Tourist Units Development: 8–10 tourist units or rooms Average nightly rate: €120 – €180 (high season) Average annual occupancy: 45–55% Estimated annual gross income: ➜ €180,000 – €250,000 🔸 Net ROI Estimate Estimated net return: 10% – 15% annually Capital appreciation: High, due to limited coastal land and rising demand Exit potential: Strong resale value for completed projects or land resale after permitting ⭐ Why This Property Rare castle-facing plot High tourist traffic area Main road visibility Strong short-term rental demand Ideal for foreign investors Long-term capital growth opportunity
