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Unique Commercial Space with Terraces in Historic Lisbon

€1,100,000€7,971/m²

Lisboa, Lisboa, Portugal

  • 3

    bedrooms

  • 3

    bathrooms

  • 138 m²

    interior

  • House

    property type

  • 10 May 2026

    listed

The Habio take

AI summary

This remarkable commercial space in a classified 18th-century building offers a prime investment opportunity in the heart of Lisbon, situated between Baixa and Alfama with stunning views of the Tagus River. Its historic charm and potential for expansion make it an exceptional choice for investors looking to tap into the vibrant local market.

  • investment
  • historic
  • city

Highlights

  • Prime location between Baixa and Alfama
  • Historic 18th-century building
  • Two stores plus over-store totaling 250 m²
  • Terraces on the ground and first floor
  • Opportunity for restoration and adaptation for commerce and housing
  • Potential for significant capital appreciation

Worth knowing

  • Commercial space may require significant renovation
  • Zoning regulations may affect usage
  • Potential disruption from neighbouring developments

Good fit for: Ideal for savvy investors seeking a historic commercial opportunity in Lisbon.

Lifestyle scores

Beach
30
Walkable
90
Remote work
60
Family
50
Retirement
55
Airport access
70
Investment
85
Luxury
75
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.

PT

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.

  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).

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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