Building in Porto (96149)

Building with 472 sqm of gross construction area, on Rua de Alegria, in Porto.This property presents itself as an investment opportunity, offering income generation potential through multiple usage possibilities, namely for retail and services.The building allows full allocation to retail and services through strategic reorganization of the interior layout. This configuration enables the creation of a variety of functional and spacious offices, ideal for companies seeking a premium location in Porto's city center.There is also the possibility of use change and significant expansion of the usable area, with an increase in the number of floors to 4 (aligned with the cornice height of adjacent buildings). This transformation allows conversion into residential apartments, taking advantage of the growing housing demand in the city's historic area.The property also offers the flexibility to combine the three uses in an integrated solution: top floor dedicated to residential, intermediate floor for offices, and ground floor designated for retail. This versatility maximizes income potential and diversifies investment risk.Developing the full potential of this property requires submission of a Prior Information Request (PIP) to Porto City Council for approval of the new uses, a process that will unlock the added value of this extraordinary opportunity.Located in an area with a strong presence of retail, services, cultural facilities, educational establishments, hospital, transport, and green spaces. Less than 10 minutes walking distance from Rua de Santa Catarina, Bolhão Market, Porto Coliseum, Municipal Library, and the Faculty of Fine Arts of the University of Porto. Less than 15 minutes from Avenida dos Aliados, São Lázaro Garden, Porto's Historic Center - UNESCO World Heritage Site, Rivoli Theatre, Trindade Cinema, São João National Theatre, Porto School of Hospitality and Tourism, School of Music and Performing Arts, and Hospital da Ordem da Trindade. Several Metro stations, Campo 24 de Agosto Bus Terminal, and São Bento Station within 15 minutes walking distance. It is also 25 minutes driving distance from Porto Airport and 3 hours from Lisbon.