Store in Lisboa with 128 m²

Commercial Space for Sale in Lisbon (Penha de França) | 128 sqm with Residential Conversion Potential 

Create your business or transform this space into a distinctive urban home filled with character — a versatile opportunity in one of Lisbon’s emerging areas

If you are looking for a commercial unit in Lisbon ideal for retail, office, or investment use, with exceptional flexibility, this is the right opportunity. Located on Avenida Afonso III, in Penha de França, this 128 sqm property stands out not only for its business potential, but also for the potential for residential conversion, making it ideal for investment or private living.

As property reconversion becomes increasingly valuable in Lisbon, this asset allows for a fully customized project — whether a distinctive business or an urban loft with character.

Key Property Features

• 128 sqm of private gross area
• Spacious open-plan layout, easily adaptable to different configurations
• Large storefront with excellent visibility and street exposure
• Windows at the rear and on one side, ensuring good natural light
• 1 bathroom, providing functionality
• Property in need of modernization, ideal for tailoring to your concept

The combination of a generous storefront and natural light from multiple sides creates a welcoming environment, enhancing any type of commercial or service activity — or even a future residential space.

Usage Potential — One Space, Multiple Possibilities

This property easily adapts to a wide range of business activities, making it ideal for those looking to start or expand in Lisbon:

• Retail and commerce (local shop, minimarket, stationery, specialty store)
• Services and wellness (clinic, beauty, hairdresser, barbershop)
• Offices and professional services (law, legal services, accounting, architecture, engineering, among others)
• Creative and collaborative spaces (atelier, showroom, studio, coworking or training space)

It also stands out for its potential for residential conversion, making it an excellent option for both investors and those seeking a distinctive residential project in Lisbon.

Strategic Location — Between the City Centre and the River

Located in Penha de França, this property benefits from an area undergoing strong appreciation, driven by new residential and creative developments, and its proximity to the riverside areas of Xabregas and Santa Apolónia, where the Tagus River plays a central role in urban life.

The surroundings combine the charm of a traditional neighborhood with a new creative and cultural dynamic:

• Growing and modern selection of restaurants, cafés, and dining concepts in Xabregas
• Proximity to creative hubs, galleries, and redeveloped cultural spaces
• Active local commerce, essential services, and authentic neighborhood life
• Just minutes from the riverside, ideal for leisure and quality of life
  

Access and Transport

• Good road access to the city centre and Lisbon’s main axes
• Close to Santa Apolónia station (metro and trains)
• Carris bus network nearby
• Quick connections to areas such as Baixa, Alfama, Parque das Nações, and the eastern corridor
  

A Transforming Area with Strong Growth Potential

Penha de França and the surrounding area extending to Xabregas are establishing themselves as a new hub for real estate investment in Lisbon, attracting residential, cultural, and business projects. Proximity to the river, combined with the neighborhood’s authenticity, has been driving demand for properties with appreciation potential.

Invest or Create — The Right Space to Grow

If you are looking to buy a commercial space in Lisbon with a storefront, natural light, and transformation potential, this is the opportunity. Ideal for entrepreneurs, investors, or independent professionals who value location, flexibility, and capital appreciation — including the possibility of residential conversion (subject to municipal approval).

Book your visit today and explore the full potential of this unique space

Discover how this space can bring your next project to life — whether a successful business, a high-return investment, or your future home.

Note: The property is subject to a lease agreement ending in June 2026.