€540,000

Exceptional investment and real estate development opportunity in the historic and commercial heart of Portimão. This listing comprises the joint sale of two contiguous urban buildings, featuring frontage on both the prestigious Praça da República (Alameda) and Rua João Anes. With a total footprint area of 191.15 m² and a gross private area exceeding 373 m² (plus dependent areas), this asset offers tremendous flexibility for an integrated urban rehabilitation projectwhether for residential use, boutique hotel / tourist accommodation, or a mixed-use development with a strong commercial component. 1. Building 1 (Praça da República, Nos. 59, 60 / Rua João Anes, Nos. 41, 43, and 43A) A single-ownership corner building (prédio em propriedade total) with 3 floors and 3 independent units: Upper Floor (1st Floor - Praça da República): Spacious 3-bedroom apartment (T3) with 133.90 m² of gross private area. Commercial Ground Floor (Praça da República, No. 60 / Rua João Anes, 43A): Retail space (2 rooms) with 35.95 m² of gross private area and 47.70 m² of gross dependent area, benefiting from maximum visibility on the main square. Industrial/Storage Ground Floor (Rua João Anes, Nos. 41 and 43): Space designated for storage and industrial use, with 64.70 m² of gross private areaideal for commercial back-of-house, internal garage/parking, or conversion of use. 2. Building 2 (Rua João Anes, Nos. 37, 39, and 39A) A single-ownership building (prédio em propriedade total) with 3 floors and units suitable for independent use: Upper Floors (1st and 2nd Floors): 3-bedroom duplex residential unit (T3) with 82.00 m² of gross private area. Ground Floor / Retail: Ground-level space with 56.60 m² of private area (distributed across the building's remaining floors/divisions), featuring high potential for retail, services, or residential re-configuration. Key Investment Highlights: Prime Location: Situated in Portimão's busiest pedestrian zone and central hub, right next to the Alameda. Diversified Income Streams: Allows for a mix of ground-floor retail/shops with traditional residential leasing or short-term holiday rentals (Alojamento Local) on the upper floors. Urban Rehabilitation Zone (ARU): Properties eligible for tax and financial incentives associated with historic center urban regeneration. Value-Add Potential: Striking corner facades with excellent sun exposure. Don't miss this strategic opportunity in the heart of the Algarve. Contact me for more information or to schedule your viewing!