Building for Sale (Off Market)

For Sale, EUR 1,150,000


Property Type : Multi-Family Home

Property Style : N/A

Build Size : 5,080 ft² / 472 m²

Land Size : 2,311 ft² / 215 m² Convert Land Size

Bedroom : 0

Bathroom : 0

Half Bathroom : 0

MLS#: 112250078


Property Description

This is an exclusive and unrivalled building, located in the heart of the undefeated city of Porto, surrounded by the iconic streets of Fernandes Tomás, Dr. Alves da Veiga, Formosa and Santa Catarina. It presents itself as an unquestionable investment opportunity, simultaneously in two aspects: - the allocation of the property to commerce and services, which translates into the reorganisation of the interior layout, giving rise, for example, to a diversity of functional and spacious offices; - changing its use and expanding the building's usable area, increasing the number of floors to 4 (to the height of the adjacent buildings), converting the building into residential apartments. It is also worth mentioning that this same building could accommodate all three uses: residential upper floor, office floor below, and ground floor for commercial premises. All this potential requires the submission of a PIP (Individual Improvement Plan) to the respective City Council for approval of these new value-added features. With its 472 m² of gross private area, and a footprint of 214.70 m², without tenants and with the possibility of covered parking, this extraordinary property presents itself as a real guarantee of return on the initial investment.
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Building for Sale, Portugal,Porto is a 5,080ft² Porto luxury Multi-Family Home listed for sale EUR 1,150,000. This high end Porto Multi-Family Home is comprised of 0 bedrooms and 0 baths. Find more luxury properties in Porto or search for luxury properties for sale in Porto.