Building in Porto with virtual tour

Building for Renovation with Approved Project – Porto City Centre | Rua Comércio do Porto no. 42–46

Vacant building with high profitability potential, located on Rua Comércio do Porto, numbers 42, 44 and 46, in the heart of Porto’s historic centre, just a few meters from Ribeira. The property retains several original 19th-century architectural elements, such as a stone façade and structural arches, typical of the city’s traditional architecture.

The building has approximately 250 square meters of gross floor area and is composed of a basement, ground floor, and three upper levels. It has two independent entrances and a current configuration equivalent to a T11. Structurally, it is in good condition, with solid slabs and roofing, and recent interventions that allow for phased renovation. Interior upgrades and roof improvements are needed.

Until 2022, there was an approved horizontal property project with the following layout:

• One commercial unit on the ground floor and basement, approximately 115 square meters
• Two T2 apartments with balconies on the 1st and 2nd floors, approximately 60 square meters each
• One recessed T1 apartment with two balconies on the top floor, also around 60 square meters

This is a solid investment opportunity with strong potential for value appreciation. A financial study estimates an EBITDA of around 30 percent, making this asset especially attractive for investors targeting the tourism market, short- or long-term rental, or future resale of individual units.

The location is one of the property’s main assets, in a high-demand area within walking distance of Ribeira, traditional commerce, restaurants, services, and major tourist attractions.

The asking price is 525,000 euros, making this building one of the most competitively priced rehabilitation projects in the area with proven return potential.

For more information, a visit to the site, or a copy of the financial study, please contact us.