Building In Downtown Porto

In the heart of Downtown Porto, on one of the city’s most iconic and sought-after streets, stands this freehold mixed-use building, combining commercial and residential use.
Located on Galerias de Paris, this is a rare real estate asset, offering a prime location, immediate commercial income, three independent residential units, and multiple investment opportunities, allowing the future owner to tailor a strategy that best suits their investment profile.
The building comprises five levels — basement, ground floor, and three upper floors — with a total private gross area of 182 m². According to the official property records, it is divided into four independent units: one commercial space and three residential units.
Commercial Unit with Immediate Income
The ground floor offers approximately 53 m², complemented by a 25 m² basement currently used for storage and support facilities.
The premises are leased to an operating restaurant under an active lease agreement, providing immediate rental income from day one. The current tenant is also open to discussions with the future owner, offering additional flexibility for different investment strategies.
Three Independent Residential Units
The three upper floors each comprise a one-bedroom apartment, with approximately 43 m² of private gross area and around 53 m² of floor area per level.
The layouts are practical and functional, featuring an open-plan living area with an integrated kitchen, a separate bedroom, excellent natural light, and a clear separation between the living and sleeping areas. There is also potential to reconfigure the layouts according to the purchaser’s intended project.
The second-floor apartment benefits from a balcony overlooking Galerias de Paris, a highly desirable feature in this prime location.
The residential units were recently operated as Local Accommodation (short-term rentals) and may be reintroduced to the market for the same purpose, subject to confirmation of the applicable legal and operational requirements
One Property, Multiple Investment Strategies
The true value of this building lies in its versatility. It offers a range of investment possibilities, including:
A hybrid income strategy, maintaining the commercial lease while operating the three residential units;
Traditional long-term or mid-term residential rentals;
Short-term tourist accommodation, subject to licensing approval and current regulations;
Premium repositioning as a boutique guesthouse or a distinctive residential product;
A buy-and-hold strategy, combining stable rental income with long-term capital appreciation.
There is also potential to explore interior reconfiguration or mezzanine solutions, subject to technical assessment, planning approval, and the relevant licensing requirements.
Location
Galerias de Paris is one of Porto’s leading tourist, cultural, commercial, and leisure destinations. Within a short walking distance are Livraria Lello, Clérigos Tower, Avenida dos Aliados, São Bento Railway Station, Rua de Santa Catarina, Bolhão Market, and Ribeira.
Its exceptional visibility, strong year-round pedestrian traffic, and excellent transport connections continue to drive demand for retail, urban residential rentals, and short- and medium-term accommodation.
More than simply acquiring square metres, this is an opportunity to own an entire building in one of Porto’s most prestigious, tightly held, and highly valued locations.
Contact us to discover, in detail, an investment opportunity that is exceptionally difficult to replicate in the heart of Porto.