Building in Portimão with 429 m²

Strategic Mixed-Use Investment Opportunity in Portimão

Discover this exceptional mixed-use building located within an Urban Rehabilitation Area (ARU), offering attractive tax incentives, including reduced 6% VAT on eligible renovation works and potential IMI (property tax) exemptions.

Prime Location

Within walking distance: cafés, public transport, shops, restaurants, pharmacy, and all essential services are right on your doorstep. The beautiful Portimão Riverside is just a 2-minute walk away.

By car: only 10 minutes from major supermarkets, the health centre and hospital, and approximately 12 minutes from some of the Algarve's most stunning beaches.

Situated in the heart of Portimão, this property enjoys a privileged location just 2 minutes from Ferragudo, 8 minutes from Praia da Rocha, and close to every convenience the city has to offer.

Property Details

The building is being sold with six autonomous units, comprising the 1st, 2nd and 3rd floors. Buyers also have the option to purchase the ground-floor commercial unit, measuring 82.35 m², separately.

Smart and Versatile Layout

• 1st Floor (Right): Office or commercial/service space (52.70 m²) with 1 bathroom.
• 1st Floor (Left): Studio apartment (34 m²) with 1 bathroom.
• 2nd Floor (Right): Studio apartment (52 m²) with 1 bathroom.
• 2nd Floor (Left): Studio apartment (34 m²) with 1 bathroom.
• 3rd Floor (Right): Studio apartment (42 m²) with 1 bathroom.
• 3rd Floor (Left): Studio apartment (35.50 m²) with 1 bathroom.

Key Features

• Excellent sun exposure.
• Beautiful views over the Arade River.
• Built in 1991 and well maintained.
• Suitable for multiple investment strategies, including:
• Permanent residential use;
• Long-term rental;
• Holiday rental (subject to applicable regulations);
• Commercial or office use.

This is an outstanding opportunity for investors, developers, and entrepreneurs seeking a flexible asset in one of Portimão's most desirable locations, while benefiting from valuable urban regeneration incentives.

Schedule your viewing today and discover the full potential of this unique investment opportunity in Portimão.