Discover this iconic building for renovation, located in the heart of Alvalade do Sado, perfect for those seeking a secure and highly profitable investment in the rental market. With 260.60 m² of gross private area, set on a plot of 418.30 m², the property combines history, a privileged location, and potential for appreciation. The change of use of the property has already been approved by the Santiago do Cacém City Council and foresees the transformation into 2 spacious T3 residential units (130.30 m² each), ideal for medium/long-term rental – a growing market in the region thanks to housing demand and proximity to main roads. Take advantage of the opportunity to grow with the Alentejo Coast! Investments made in various industries and several nearby locations have created thousands of new jobs, as well as the need for accommodation for these professionals. This property is your opportunity to join this economic growth. Property Highlights: ✔ Backyard with leisure areas ✔ Panoramic terrace with privileged views ✔ Garage and wine cellar ✔ Excellent sun exposure Strategic location: a few minutes from the IC2, 2 minutes from Mimosa, 10 minutes from the A2 and minutes from Sines, guaranteeing quick access and convenience in everyday life. A unique opportunity to live in or generate income with stable rentals and high demand.