The Palacete para Reabilitação is located in the heart of the historic center of Portimão, located on the charming Rua do Comércio, a pedestrian street full of charm and personality. The majestic and imposing façade of the building dominates the commercial street, attracting the attention of all who pass by. The property has a gross area of 940sqm. It has a project study of 7 apartments in the historic center of Portimão, a unique opportunity for those looking to invest in properties with economic potential. The area can be multiplied by reducing the existing high ceilings after licensing, making it possible to build a restaurant with a terrace on the pedestrian street or even a Local Accommodation or Hotel, with excellent living areas. But it's not just the possibility of investment that makes this Palacete a unique place. With ceiling heights of up to 3.5 m, it is possible to create 7 beautiful residences, offering comfort and sophistication to future residents. If you are looking for a property in a prestigious location, with a welcoming atmosphere and rich history, this is the perfect place for you. Portimão is a city located on the west coast of Portugal, in the district of Faro. Known for its natural beauty and for being a major tourist destination, Portimão is home to amazing beaches such as Praia da Rocha and Praia dos Três Castelos, as well as beautiful gardens, parks and the Arade Estuary Nature Reserve. The city is also known for its rich history and cultural heritage, with ancient buildings and historic monuments including the Church of Nossa Senhora da Conceição, the Torre de Vigia de Alvor and the Fort of Santa Catarina. Furthermore, Portimão has a vibrant cultural scene, with a theatre, art galleries and a host of festivals and events throughout the year. In summary, Portimão is a vibrant and charming city that offers a wide range of activities for all types of travellers. If you are looking for stunning beaches, rich history, incredible cuisine and lively nights, Portimão is the right choice. Established in Portugal over 20 years ago, Casas do Sotavento is a prestigious family business that stands out for the high quality standards of its products, projects and services. Recognized both in Portugal and abroad, the company's mission is to provide an 'uncomplicated' and peaceful experience to its customers, employees, partners and investors. Casas do Sotavento's commitment is to treat everyone with the same respect and attention that it likes to receive. This philosophy is reflected in all stages of the processes and commercial relationship, from choosing the property to final delivery, with a focus on transparency, rigor and suitability in all interactions. If you are looking for a reliable and experienced company to help you find the property or investment that meets your expectations, Casas do Sotavento is your trusted partner. (SU-CS-PAL-88949)