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398 000 €
Building in Portimão, PortimãoPortimão, Faro
Building in Portimão with 360 m²
360 m²
Energy efficiency
Excellent investment opportunity in a 3-storey building for total refurbishment in the heart of Portimão, next to the riverside area and located within an Urban Rehabilitation Area (ARU), with access to very relevant tax benefits for urban renewal projects. Framing and location: Building located in the Historic Centre of Portimão, in the riverside area, just a few metres from Jardim Visconde Bivar and Casa Inglesa, benefiting from strong pedestrian and tourist traffic throughout the year. Located within the ARU of the Historic Centre of Portimão, offering an ideal framework for rehabilitation investment with future use as residential, local accommodation, retail or restaurant business. 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 (commercial and residential), consisting of a commercial ground floor, mezzanine and first residential floor - Building with preserved historic façade and several period architectural elements, ideal for a distinctive rehabilitation project in the Portimão market Ground floor / Shop - Shop with large shopfront to the street, previously operated as a restaurant - Glazed mezzanine: 70 m² of usable area + 60 m² in void + 15 m² balcony - 2 restrooms and several interior rooms - Gross area: 215 m² - Potential total area: up to approx. 255 m² with possible cancellation/reconfiguration of the mezzanine (subject to project and licensing) 1st floor / 130 m² Residential unit: - Access via independent entrance from the street - Apartment of around 130 m², currently laid out as 5 bedrooms - 2 bathrooms - 1 terrace and a small rooftop terrace - Several historical architectural details: frescoes, crafted wooden ceilings, circular window with decorative stained glass, original doors, wrought-iron balconies and original built‑in wardrobes This floor has great potential for the creation of 2 or more residential units, boutique guesthouse or charming residence, making full use of the original features and historic surroundings. Architectural details and historical value - Preserved historic façade - Circular window with decorative stained glass - Original wrought‑iron balconies - Crafted wooden ceilings - Period built‑in wardrobes 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 to be repositioned in the mid‑high segment, leveraging the riverside surroundings, proximity to beaches and the strong tourism dynamics of Portimão. These features allow the future project to be positioned in a distinctive segment, highly appreciated by those looking for properties with identity and character in the historic centre.