Versatile Commercial Space for Renovation in Arroios, Lisbon
€930,000
Lisboa, Lisboa, Portugal
- 3 bed
- 3 bath
- 650 m²
- SingleFamilyResidence
The Habio take
AI summaryThis extensive 650 sqm commercial space in Arroios, Lisbon, offers a splendid renovation opportunity near Largo do Leão. Its multiple independent entrances and versatile layout allow for a range of business implementations, making it a prime investment in a dynamic district.
- investment
- city
- historic
- renovation
Highlights
- 650 sqm of flexible space
- Four independent entrances
- High ceiling exceeding 9.8 ft
- Ample storage facilities
- Potential for various businesses
Worth knowing
- Needs renovation
- Location may cater more to commercial buyers than residential
- Potential high competition in the area
Good fit for: Ideal for investors or entrepreneurs seeking a flexible commercial location.
Lifestyle scores
- Beach
- 0
- Walkable
- 80
- Remote work
- 60
- Family
- 50
- Retirement
- 40
- Airport access
- 70
- Investment
- 75
- Luxury
- 55
- Value
- 65
About this place
Large shop of 650 sqm to renovate located in Arroios, 328 ft from Largo do Leão. It has 4 independent entrances, two on the same street and the third and fourth on the back of the store located on another street. The store can be divided into two or three autonomous spaces depending on the business that is implemented. The first and second entrances lead to a space that has a total of 216 sqm, although it is currently divided into two stores. The third entrance gives access to another store of about 60 sqm which has access by stairs to a basement of 430 sqm. There is direct communication between this 60 m2 store and one of the stores facing the main street. It is a store that offers a multitude of spaces, an independent entrance for loading and unloading, a ceiling height exceeding 9.8 ft high in several rooms, and ample storage space. It can be used for a wide range of businesses: supermarkets, gyms, car repair shops, car dealerships, company headquarters, co-working spaces, and appliance stores, among others.
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
Get a NIF
Apply for a Portuguese tax number (Número de Identificação Fiscal). Non-EU residents need a fiscal representative.
- 2
Open a bank account
Open a local account to handle the deposit, taxes, and ongoing utility payments.
- 3
Engage a lawyer
Hire an independent lawyer (not the seller's) to run title and planning searches.
- 4
Sign the CPCV
Promissory contract (Contrato de Promessa de Compra e Venda) with a deposit, typically 10–30%.
- 5
Final searches & funds
Lawyer confirms clean title; you transfer the balance and pay IMT and stamp duty before completion.
- 6
Escritura (deed)
Sign the public deed at a notary or via online platform Casa Pronta. Keys handed over.
- 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
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