If you're looking for a solid, versatile real estate asset with high income potential, this is the ideal opportunity. Located in the emblematic Graça neighborhood – one of Lisbon’s most authentic and fast-appreciating areas – this fully refurbished building is ready to generate income from day one. Property ready for multiple investment models: - This 4-story building + basement combines traditional Lisbon architecture with a modern and functional renovation project, specifically designed for investors seeking returns through: - Room rentals - Short-term rentals (local accommodation) - Tourist lodging - Boutique hotel or guesthouse operation Layout: - Ground floor + basement: Spacious 145.80 m² commercial space, ideal for a restaurant, coworking, or retail concept. Includes staff area, private and guest bathrooms, kitchen, and direct access to a terrace. - 1st floor: Two en-suite rooms + one apartment with a fully equipped kitchen. - 2nd floor: Four independent en-suite rooms. - 3rd floor: Duplex apartment with two bedrooms, two bathrooms + three additional en-suite rooms. Technical features and highlights: - Mitsubishi air conditioning in all rooms - Magnetic key card door system (perfect for automated hospitality management) - Excellent sun exposure and balconies - High-quality finishes throughout - Layout optimized for flexible rental or hospitality operations Strategic location: Just steps from the Senhora do Monte and Graça viewpoints, surrounded by local restaurants, shops, schools, and with easy access to Lisbon’s historic center, metro, and tram. A highly sought-after area by both residents and tourists. Property details: - Gross area: 487 m² - Entire building, delivered vacant - Year built: 1938 (fully renovated) - Ready to operate and generate immediate income Maximize your returns in one of Lisbon’s most charismatic and promising neighborhoods. Contact us to schedule a visit or request further information about this rare investment opportunity.