€695,000

Exclusive Building with Commercial Space, Residential Unit and Panoramic Terrace in Olhão's Historic Centre

A unique opportunity in the heart of Olhão.

Located on the emblematic Rua do Comércio, in the historic centre of the city, this exceptional building harmoniously combines the authenticity of traditional Algarve architecture with the comfort and elegance of contemporary construction.

Completely rebuilt and brand new, the property preserves only its iconic historic façade, maintaining the identity and distinctive charm of this privileged area of Olhão.

With a particularly versatile configuration, the building integrates a commercial space on the ground floor, residential accommodation spread across the first and second floors, and a magnificent private terrace, offering numerous possibilities for use, whether for personal residence, a commercial project, or investment.

Comfort, Quality and Energy Efficiency

The reconstruction was carried out with special attention to thermal comfort, acoustic performance and energy efficiency.

The property features PVC window frames with laminated double glazing, providing excellent acoustic and thermal insulation without compromising natural light entry.

The walls and roofs benefit from high-density thermal insulation, contributing to a pleasant interior temperature throughout the year and greater energy consumption efficiency.

All spaces also include pre-installation for air conditioning, allowing future owners to easily adapt climate control to their needs.

Property Layout

Ground Floor – Commercial Space 71 m²

A spacious, bright and versatile space with direct access to Rua do Comércio and a service bathroom.

Its privileged location and excellent visibility make this space particularly suitable for retail, boutique, office, studio, gallery or other commercial concept, subject to respective authorisations.

1st Floor – Residential Unit 71 m²

A floor designed to provide comfort and functionality, comprising:

• Open-plan kitchen, integrated into the social area;
• Spacious living room with contemporary electric fireplace;
• Dining area;
• Technical area and generously sized pantry;
• Full bathroom with walk-in shower;
• Private balcony with city views;
• High ceilings, enhancing the sense of space and brightness.

The organisation of spaces prioritises fluid circulation and a contemporary, elegant atmosphere.

2nd Floor – Master Suite 42 m²

The final residential floor is entirely dedicated to the private area.

It features a master suite of approximately 42 m², with carefully finished bathroom and quality materials, walk-through wardrobe and private balcony.

An exclusive space designed to offer tranquility, privacy and comfort.

Panoramic Terrace 50 m²

At the top of the building is one of its greatest highlights: a magnificent private terrace of approximately 50 m².

A true outdoor space in the heart of the city, with the possibility of creating different environments, including decking, lounge area, dining area and barbecue, as well as preparation for jacuzzi installation, upon request.

The panoramic view over Olhão's historic centre, its characteristic rooftops, the Municipal Market and the sea beyond provides a truly special setting.

The ideal space to enjoy outdoor meals, entertain friends or simply appreciate the sunset and Algarve lifestyle.

A singular property in the heart of Olhão

More than a building, this property represents an opportunity to combine residential living, professional activity and investment in one of the city's most sought-after and authentic locations.

The complete reconstruction, contemporary finishes, commitment to energy efficiency, independent commercial space and the extraordinary terrace make this property a distinctive offering in Olhão's real estate market.

Brand new and ready to be personalised to the future owner's taste.

An exclusive property for those seeking character, location, versatility and quality, just steps away from Olhão's markets, the waterfront area, the Marina and connections to the Ria Formosa islands.

A rare opportunity to live and invest in the historic heart of Olhão.
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