4 Buildings Used, for Sale, in Faro, near Commerce

Set of three ruined buildings, totalling 487 sqm (gross construction area), in the historic centre of the city, next to the Teatro Lethes, in Faro, Algarve. Great investment opportunity due to the versatility of use that it allows, namely, construction of a building or reconstruction/rehabilitation of an existing building up to three floors with or without parking, for own use or as a small charming hotel with outdoor areas, or as a single-family villa(s).

Faro is the capital of the Algarve region in southern Portugal. The city has an attractive marina, pedestrian shopping street, parks and squares, and the old town with outdoor cafés and pedestrian areas. In addition to the museums and beautiful churches and chapels, Faro also has a vibrant nightlife.

Located in front of a public car park, a Health Unit - Ria Formosa and Teatro Lethes, 4-minute walking distance from Rua de Santo António (high street), where you can find shops, the main services, pharmacies, restaurants/bars, the Algarve Regional Museum, and the Court, 5 minutes from the marina, 6 minutes from the coach station and the railway station, and 13-minute driving distance from Faro Airport, and a two and a half-hour drive from Lisbon.

Building to recover or for investment with 760 m2 of private gross area. Built before 1951, located in a prime area of downtown Faro, next to the Pé da Cruz Church, consisting of 2 floors, ground floor, first floor and backyard.

The 1st floor has independent use and is composed of several compartments and a terrace at ground level.

With excellent natural light, facing East/West.

Constructed in stone and lime masonry, roof of straw tile with a recent expansion in reinforced concrete that occupies the old backyard.

Due to its location, future owners will be able to enjoy a relaxed, urban lifestyle, favoring walking.

Nearby you can count on all the amenities such as a pharmacy, gardens for sports, shops, schools, supermarkets, public transport, banks, a citizen’s shop and all the necessary services.

It is part of the urban rehabilitation area of Faro (ARU) and therefore can benefit from various support from the City Council, as well as tax benefits.

A few minutes from the riverside area, marina and Ria Formosa, making walking tours quite desirable.

About 1.5 km from the Forum Algarve shopping centre.

About 4 Kms from Faro international airport, about 8 Kms from Faro beach and close to access to the main roads E.N. 125 and Via do Infante. 6kms from the beach, 15kms from the golf.

Opportunity to immediately schedule your visit.

Centennial building located in one of the most emblematic and qualified areas of the city Faro, in an environment with a strong location of commerce and services.
Consisting of 2 floors, and with a large gross construction area.
On the ground floor, a business is operational, with a structured portfolio of clients over 50 years old, sold with the property, with all the patrimonial assets.
The 1st floor includes several rooms, backyard and patios, able to develop a local accommodation business.
Don’t miss this excellent investment opportunity to acquire an iconic building for its centennial architectural design, hipped roofs, balconies and old tiles.
Info-Photos of the recovery project with restoration and accommodation.

Vacant building, for sale, for recovering in downtown Faro near Rua Stº António. Building with an area 316 square meters, with a total of 23 divisions including a warehouse, with a construction area of 540 square meters with the feasibility construction of apartment block with 3 floors one of them indented, for housing, commerce / services, precarious location in a prime area of the city, next to all type of commerce and services.
Nearby you will find supermarkets, restaurants, banks, hospital, pharmacy, schools, municipal swimming pools, leisure areas and sports venues, ideal for the well-being of your day to day, as well as access to Via do Infante, the A2 and all the facilities that complete the comfort and location of this land in the city center of Faro.
If you want to build a development of your dreams in a quiet area near the main services, restaurants, bars, nightclubs etc.... have here excellent opportunity.....
Make an already set up your visit.