$579,774

Building in a state of disrepair, with great potential for redevelopment, located in the center of Olhão, in a central, dynamic area that is constantly improving. The refurbishment project envisages the creation of commercial units on the first floor, guaranteeing an active and inviting front to the public space, as well as the construction of apartments on the upper floor, allowing the harmonious integration of different uses in a single property. This multifunctionality makes the building particularly attractive both for investors looking for continuous profitability and for those who aspire to develop a distinctive residential project in one of the Algarve's most sought-after cities. Despite its current state, the existing structure offers the possibility of recovering and highlighting traditional architectural elements, such as its traditional façade, combining them with a contemporary concept that enhances the property and preserves the local identity. In a context of growing demand, this building represents a unique investment opportunity with high potential for appreciation. Its privileged location, close to shops, services, restaurants and Olhão's emblematic markets, reinforces its exceptional character. CHARACTERISTICS:Area: 262 m2 | 2 822 sq ft Useful area: 217 m2 | 2 330 sq ft Energy efficiency: Free FEATURES: Ruined building Recovery project City center Traditional façade

Amenities

• Bedrooms: 0
• Full Bathrooms: 0
• Partial Bathrooms: 0
• Property Type: Residential
• Year Built: 1988
• Built in 1988
• Home size: 2,330 ft² / 216.46 m²
• MLS: 1LS02300
• Status: Active