Commercial Space with Terraces in Historic Alfama, Lisbon

€1,100,000

Lisboa, Lisboa, Portugal

  • 3 bed
  • 3 bath
  • 138 m²
  • SingleFamilyResidence

The Habio take

AI summary

This unique commercial space in Alfama boasts a prime location between Baixa de Lisboa and the Tagus River, featuring terraces that enhance its appeal. With historic charm and great investment potential, it's situated in a vibrant area rich in culture and character.

  • historic
  • investment
  • city
  • walkable

Highlights

  • Prime location near the Tagus River
  • 18th-century building with historical significance
  • Two stores and expansive terrace area
  • Potential for expansion and adaptation
  • Highly sought-after area for investment

Worth knowing

  • Commercial usage may restrict residential living
  • Requires restoration and requalification

Good fit for: Ideal for investors looking to capitalize on Lisbon's historical charm and tourist appeal.

Lifestyle scores

Beach
40
Walkable
90
Remote work
70
Family
60
Retirement
55
Airport access
75
Investment
85
Luxury
70
Value
65

About this place

In a “classified” building, built at the end of the century. 18th century, uniquely located, between Baixa de Lisboa and Alfama, is this commercial space, with a wide front facing the Tagus River, consisting of two stores and an over-store, totaling 250m m2. The building that integrates this space, shares the design of the main façade, with the adjoining property, with continuous terrace at the first floor level, much to the taste of the time, being an integral part of a heterogeneous urban front, symbol of the beauty and historical uniqueness of "Campo das Cebolas", Given the patrimonial value of these properties, as well as the need for their requalification and valorization, was presented to the City Hall of Lisbon a project of joint alterations for expansion of the construction area, with unification of the façade and adaptation of the interiors to commerce and housing. With excellent conditions for restoration, with terrace on the ground floor and terrace (1st floor), this space is undoubtedly a rare opportunity for real estate investment in the most important area of ​​historical and urban interest in Lisbon.

Buying property in Portugal

Full guide →

Portugal is open to foreign buyers with no restrictions on ownership. A NIF (tax number) and Portuguese bank account are required, and most buyers engage an independent lawyer to handle searches, contracts, and the public deed.

The buying process

  1. 1

    Get a NIF

    Apply for a Portuguese tax number (Número de Identificação Fiscal). Non-EU residents need a fiscal representative.

  2. 2

    Open a bank account

    Open a local account to handle the deposit, taxes, and ongoing utility payments.

  3. 3

    Engage a lawyer

    Hire an independent lawyer (not the seller's) to run title and planning searches.

  4. 4

    Sign the CPCV

    Promissory contract (Contrato de Promessa de Compra e Venda) with a deposit, typically 10–30%.

  5. 5

    Final searches & funds

    Lawyer confirms clean title; you transfer the balance and pay IMT and stamp duty before completion.

  6. 6

    Escritura (deed)

    Sign the public deed at a notary or via online platform Casa Pronta. Keys handed over.

  7. 7

    Register the property

    Lawyer registers the new ownership at the Land Registry (Conservatória do Registo Predial).

  • NIF (tax number)
  • Portuguese bank account
  • Passport / ID
  • Fiscal representative(optional)

    Required for non-EU/EEA residents

The Golden Visa programme no longer accepts residential real estate as a qualifying investment (changed 2023). Mortgages are available to non-residents, typically up to 60–70% LTV.

General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference

Similar homes

More places you might like.

  • New

    Luxury 2 bed apartment in newest golf resort near Loule

    Apartment in Loule, Central Algarve, Central Algarve, PT

    €1,128,000

    Listed 4 days ago

  • New

    Newly build 3 bed penthouse with jacuzzi and private roof terrace nr Alvor

    Apartment in Alvor, Western Algarve, Western Algarve, PT

    €1,176,000

    Listed 4 days ago

  • New

    Sao Bras villa with 4- bedrooms with pool and large plot

    Villa in Sao Bras de Alportel, Central Algarve, Central Algarve, PT

    €1,000,000

    Listed 4 days ago

  • New

    Charming 3 bed townhouse with small pool perfect for living and working

    Villa in Boliqueime, Central Algarve, Central Algarve, PT

    €1,000,000

    Listed 4 days ago

  • New

    Modern 3+1 bedroom villa with pool close to the beach near Vale do Lobo

    Villa in Vale do Lobo Area, Central Algarve, Central Algarve, PT

    €1,250,000

    Listed 4 days ago

  • New

    Modern, top-quality turn-key Villa project with pool and good size plot

    Building Land in Alcantarilha, Western Algarve, Western Algarve, PT

    €1,275,000

    Listed 4 days ago

  • New

    Modern, new build 3-bedroom villa with garage and pool near Quarteira

    Villa in Quarteira, Central Algarve, Central Algarve, PT

    €1,300,000

    Listed 4 days ago

From

€1,100,000