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388 000 €
Building in Portimão, Portimão
Portimão, FaroBuilding in Portimão with 360 m²
360 m²
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Building for sale
Excellent investment opportunity in a 3‑storey building for full refurbishment, with potential up to approximately 400 m² including balcony and rooftop terrace, in the heart of Portimão, next to the riverside area and within an Urban Rehabilitation Area (ARU), benefiting from very significant tax advantages for urban rehabilitation projects. Framework and location Building located in the Historic Centre of Portimão, right in the riverside zone, a few metres from Jardim Visconde Bivar and Casa Inglesa, benefiting from strong pedestrian and tourist flow throughout the year. Located within the ARU zone of the Historic Centre of Portimão, with ideal conditions for rehabilitation investment and future use as residential units, local accommodation, retail or restaurants. Consolidated surroundings, with traditional shops, restaurants, services, riverside leisure areas and excellent access to public transport. Building description - Building in full ownership, with two independent entrances (retail and residential), comprising a commercial ground floor, mezzanine and first‑floor apartment. - Property with preserved historic façade and several period architectural elements, ideal for a distinctive refurbishment project in the Portimão market. Ground floor / Shop – total potential 252 m² - Shop with large street‑facing window, previously operated as a 127 m² restaurant - Glazed mezzanine of 81 m² with 10 m² balcony - 2 sanitary facilities and several internal rooms - Total potential area: up to around 252 m² with possible removal/reconfiguration of the mezzanine (subject to project and licensing). First floor / Residential – 145 m² - 130 m² of residential area with 10 m² balcony plus 15 m² rooftop terrace - Access via independent entrance from the street - Apartment of about 130 m², currently laid out as 5 bedrooms - 2 sanitary facilities - Several historic architectural details: frescoes, carved wooden ceilings, circular window with decorative stained glass, original doors, wrought‑iron balconies. This floor has great potential for the creation of 2 or more residential units, boutique local accommodation or charming housing, making full use of the original features and historic surroundings. Architectural details and heritage value - Preserved historic façade - Circular window with decorative stained glass - Original wrought‑iron balconies - Carved wooden ceilings - Period built‑in cupboards and original doors. Project potential - Development of a mixed‑use concept combining retail/hospitality/bar/restaurant - Creation of an income‑producing building with several independent units - Ideal product for repositioning in the mid‑to‑upper market segment, leveraging the riverside setting, proximity to beaches and Portimão’s strong tourist dynamics. These elements allow the future product to be positioned in a distinctive segment, highly appreciated by those seeking properties with identity and character in the historic centre.
Details
Construction Year1950
Gross Area m²360
ElevatorNo
Private Gross Area m²360
Living Area m²- -
GarageNo
Total Lot Size m²360
Price m²1 077 €
Floor3rd floor
Location
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Origin Listing reference:id. 1769-02349
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