Building In Lisbon With River Views

Discover this property with enormous renovation potential, overlooking the Tagus River, located next to the National Pantheon and Santa Apolónia Station.
This property is fully owned, with 650 m² of gross area spread over four floors, and is currently completely vacant. The building consists of five units (two studios, two two-bedroom apartments, and one four-bedroom apartment), as well as a commercial space on the ground floor.
Currently without an approved project, it offers investors complete freedom to develop different solutions and renovation strategies. Based on a Prior Information Request (PIP) submitted to the Lisbon City Council, there is the possibility of expanding by an additional floor, aligned with the neighboring building, allowing for the creation of a generous terrace with stunning views of the Tagus River and the riverside area.
Also noteworthy is the patio of the apartment on the second floor (currently the top floor), as well as the existing terrace—both with high appreciation potential. Main Areas:
• Lot Size: 205 m²
• Floor Size: 128 m²
• Ground Floor: 128 m²
• First Floor: 149 m²
• Second Floor: 205 m²
• Attic: 133 m²
The location is privileged, in one of the city’s most emblematic areas, with immediate access to cultural and tourist attractions such as the Feira da Ladra (Flea Market), the National Pantheon, the São Vicente de Fora Monastery, the Military Museum, the Fado Museum, and the heart of the Alfama neighborhood. The Santa Apolônia train and metro station is just 100 meters away.
As part of Lisbon’s General Drainage Plan, the square in front of the property is being completely renovated. Starting in mid-2025, it will give way to a new landscaped plaza, featuring a public art installation (’Land Art’), bicycle and pedestrian paths, modernized infrastructure (including the undergrounding of overhead cables), and new public lighting.
Energy Rating: C
Specific Features
• 620 m² gross area
• Building
• 4 floors
• 0 parking spaces included in the price
• Good condition