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 area of Cancelada, Estepona. The property enjoys a privileged location next to the N-340 national road heading towards Estepona, providing excellent visibility and easy access.
The plot benefits from a corner position, with access from two streets—an especially valuable feature for both residential and commercial developments, as it offers greater flexibility in design and optimal use of the available space.
The plot allows the construction of ground floor, first floor, and second floor. The current owner will retain the built area on the ground floor for two commercial premises, covering the proportional cost of that part of the construction. The first and second floors are for sale and would be developed at the expense of the new owner.
From an urban planning perspective, the plot offers:
Main use: Residential, making it an excellent option for the development of homes in an increasingly sought-after area.
Complementary uses: Educational, cultural, and sports facilities.
Compatible uses: Hotel, offices, retail, and hospitality, offering a wide range of possibilities for investors and developers.
Maximum buildability: 2.04 m²t/m²s, allowing the development of a project with significant potential in a well-established and continuously expanding area.
Location is another of the property’s major highlights. The plot is only a 5-minute walk from the beach, 5 minutes by car from the center of Estepona, and approximately 10 minutes from Marbella, placing it in a strategic position between two of the most important destinations on the Costa del Sol.
In addition, the surrounding area offers all the necessary amenities for everyday living, including large supermarkets, pharmacies, restaurants, gyms, public transport connections, and a wide variety of shops, further enhancing the convenience and value of the location.
In summary, this is an excellent opportunity to develop a residential or commercial project in one of the fastest-growing areas of the Costa del Sol, combining a strategic location, excellent accessibility, and multiple urban development possibilities.
Estepona is located on the western Costa del Sol, in an area where the coastal lifestyle blends with a more relaxed background than nearby cities like Marbella. Its identity is based on a unique combination: an extensive and bright coastline, a carefully restored old town, and a cultural offering that has turned its streets into points of access to art. Nowadays, its old town, which is entirely pedestrianized, has become one of the main charms of the city. Narrow passageways, potted plants in bright colors, and whitewashed façades create an environment that fuses aesthetics with Andalusian tradition, which has contributed to its popularity. The plazas of Ortiz, Las Flores, and Rincón Gitano maintain part of the social pulse, while bars and small shops with a local atmosphere preserve a neighborhood feel that has not faded despite the growth of tourism. The seafront gives it a distinct character: more than twenty kilometers of coastline, with extensive light-sand beaches, among which Rada —the most urban— and El Cristo, calm and family-friendly, stand out. The Promenade is one of the busiest routes, accessible both to athletes who exercise at dawn and to casual strollers. Meanwhile, the marina is a small nightlife hub with restaurants, bars, and boating activities. Over the past decade, the city has launched a cultural initiative that defines it: The Artistic Murals Route, which stretches across entire building facades and an increasing number of sculptures and themed areas. Estepona's image has been completely transformed, becoming an 'open-air museum,' thanks to this commitment to cultural urbanism. The Sierra Bermeja rises as a backdrop in the natural environment, with paths that wind through pine forests and the reddish landscapes characteristic of this unique mountain. In addition, there is Selwo Aventura, a nature and wildlife park that attracts families and tourists from all over the Costa del Sol. Estepona has experienced significant development with the creation of new hotels, residential areas, landscaped promenades, and services that have expanded its tourist and residential offerings; however, the city has tried to maintain a calmer image compared to its more glamorous neighbors. Its economy is based on commerce, hospitality, tourism, and an active real estate sector; nevertheless, it retains a local character that is evident in its festivals (such as the San Isidro Fair) and its markets. Although its economy is based on trade, hospitality, tourism, and an active real estate sector, it maintains a local spirit that can be seen in its markets, celebrations — for example, the San Isidro Fair — and in its cuisine, which features Mediterranean dishes and fresh fish. In general, Estepona presents itself as a place that has managed to update its image without completely losing its traditional essence: a bright city with the feel of a large town, blending culture, sea, nature, and tranquility.