Building For Sale In Arroios, Lisboa Re/Max Portugal

We present to you a rare investment opportunity in the heart of Lisbon - a full-ownership building for complete renovation, located at Rua Passos Manuel nº 84A, in the parish of Arroios.

This urban property enjoys a privileged location just off Avenida Almirante Reis and consists of:
- a basement
- elevated ground floor
- three upper floors

Totalling five storeys and ten autonomous units, all designated for residential use, each with six rooms.

With a plot area of 193.45 sqm and a footprint of 188 sqm, the property offers a generous total gross private area of 916 sqm. To the rear, there is also a private courtyard not allocated to any of the units - a valuable asset for rehabilitation projects that include outdoor spaces.

The building is ideal for a complete redevelopment project, whether for conversion into contemporary housing, a co-living concept, or rental market exploitation, in one of Lisbon’s most vibrant and well-connected neighbourhoods.

The property already has an approved project from Lisbon City Council, allowing for an expanded intervention, which includes a building with six floors above street level and three below, increasing the total construction area from 1,105.25 sqm to 1,574.95 sqm.

Its central location, close to traditional shops, services, universities, and public transport, gives this property exceptional potential for appreciation.

Don’t miss the opportunity to restore a building full of character in an area of constant growth.

For more information or to schedule a visit to this exclusive property, contact us!