Home
Portugal
Faro District
Lagos

Prime Commercial Property with Rental Apartments in Lagos

EUR €1,170,000 (USD $1,357,876) *current conversion
Lagos, Portugal
See all 21 Photos

Property Highlights

  • Two commercial shop units with bathrooms
  • Two separate one-bedroom apartments upstairs
  • Shops currently used as ice cream and cork stores
  • Potential to combine shops into one unit
  • Apartments with separate entrances
  • Walking distance to beach and Faro Airport

Overview

Fabulous business opportunity, Apartments and Shops, Lagos center, Algarve. This two storey imposing property with its beautiful green tiles stands out like a beacon on this busy pedestrian walkway in the lovely seaside town of Lagos. The property currently operates on the ground floor as an artisanal ice cream parlour in one of the shop units and a cork shop in the other, the two decent sized one bedroom apartments above the shops are utilised at the moment as rental properties. All in all the shops and the rental apartments give a very healthy return on investment. The shops downstairs are currently separate units, both with their own bathrooms, but there is the possibility in the future of creating one large shop if that would be your preference. In terms of size the ice cream parlour has an area of 30 square meters whilst the Cork shop has 72 square meters. The two apartments which are on the first floor have their own separate entrances, one from the main street and the other down the side street. Apartment one, which has 44 square meters, consists of a cozy bedroom a living room with a lovely period wooden floor, a fully functionable kitchen and a bathroom. The second apartment is 59 square meters, this has a living room, study, a bedroom, kitchen and a bathroom. These two apartments can quite easily be transformed into one large apartment, there is also the possibility of building upwards and creating another floor. If you are looking for a business opportunity in the Algarve or if you are looking for a home in the town center then this property could be ideal for you, within walking distance of the beach and 45 minutes from Faro International Airport. CHARACTERISTICS: Plot Area: 132 m2 | 1 421 sq ft Area: 205 m2 | 2 207 sq ft Building Area: 205 m2 | 2 207 sq ft Bedrooms: 2 Bathrooms: 4 Energy efficiency: C FEATURES: Two commercial spaces Two one-bedroom apartments
Show More Show Less

Property Features

Lagos, Portugal offers the following features:

Bedrooms: 2
Bathrooms: 4 Full
Living Area: 664sf
Property Type: Residential
Status: Active
Reference ID: 2LS00012

What's Nearby

Local businesses near Lagos, Portugal:

Grocery/Shopping Center: < 1 mile
School: < 1 mile
Gym: < 1 mile
Hospital: < 1 mile
Public Transportation: < 1 mile
Police Station: < 1 mile

Map

Nearby Homes You May Like

New 0.5 miles away

Expansive Property with Water Resources Near Lagos Beaches

Lagos, Portugal

0 Beds|0 Bath

EUR €22,000,000
USD $25,532,705
New 0.5 miles away

Family-friendly Village with Pool Near Lagos Beaches

Lagos, Portugal

0 Beds|0 Bath

EUR €9,000,000
USD $10,445,198
New 0.5 miles away

Charming Villas with Pool in Algarve Countryside

Lagos, Portugal

15 Beds|16 Bath

EUR €8,700,000
USD $10,097,024
New 0.5 miles away

Approved Construction Site for 24 Villas in Lagos

Lagos, Portugal

0 Beds|0 Bath

EUR €8,500,000
USD $9,864,909
Listed by: Ricardo Costa
LUXIMOS Christie's International Real Estate