Legal House with Renovation Project For Sale in Sutomore

An investment property with significant redevelopment potential is offered for sale in the central part of Sutomore, below the main highway. The property consists of a three-story house on a flat 499 m² land plot and represents an excellent opportunity for the development of tourist accommodation or a boutique rental business.The location combines convenient access to the beach and urban infrastructure with a quiet residential setting, making it attractive for both seasonal rentals and long-term investment.Key Specifications• Location: Sutomore, Bar Municipality • Property type: Investment property • Existing house area: 155 m² (excluding terraces) • Land plot: 499 m² • Three independent floors with separate entrances • Year of construction: 1971 • Two vehicle entrances • Connected to city electricity, water supply and sewage Development PotentialThe structural condition of the building is technically sound, allowing future owners to focus primarily on renovation rather than reconstruction.A professionally prepared renovation concept is available and includes:• Independent tourist apartments • Swimming pool • Rooftop terrace • Landscaped outdoor recreation area The project can be adapted either for a hospitality business or as a premium private residence.LocationThe property is situated in the central part of Sutomore, below the main highway.• Beach and promenade – approx. 1,2 km via a flat road • Supermarket – 350 m • Restaurants, cafes and everyday services within walking distance The flat terrain and convenient road access further increase the investment appeal.DocumentationThe property is offered with clean ownership documentation and ownership registered 1/1.For detailed information regarding the documentation, the renovation project, additional photographs, videos, or an online viewing, please contact our managers.Investment OpportunityProperties with large flat plots in central Sutomore are becoming increasingly scarce. Combined with existing utility connections, convenient access, and an available redevelopment concept, this property represents an attractive opportunity for investors seeking a tourism-oriented project on the Montenegrin coast.