4 Buildings - Building For refurbishment, for Sale, in Olhão

Invest in Seaside Elegance: A Luxury Commercial and Residential Opportunity in Algarve
Embrace the captivating charm of Olhão, a gem in the Algarve region, known for its authenticity and traditional architecture with a thriving sense of both history and modern life.
This exclusive property, set in the storied Barreta district, is just a 4-minute walk to the seafront with its famous Market, cafes, bars and restaurants. Only, a 16-minute drive to Faro (FAO) International Airport, offering non-stop flight to most major European cities, UK, Toronto and soon New York City.
The property spans an impressive 549,1 m² of total space plus 161.0 m2 (Terrace) on a 272,1 m2 plot, including a private garage. The space is unique in that it combines three separate plots (currently owned by the same single owner) into a desirable corner location in the most sought-after areas of Olhão.
With already approved architectural designs and a building license, this property has the potential to become a luxurious boutique hotel or an upscale private residential haven as just two examples of how it could be transformed.
The elegant designs have been created by a renowned Portuguese architect seeking to enhance the property’s elegance and high ceilings - 3.15 / 3.40 meters on the ground floor and 3.60 meters on the first. Optional skylights can flood the space with natural light and ventilation, creating an inviting atmosphere throughout. Essentially, the design includes an elevator and comprehensive disability access, ensuring both comfort and peace in any situation.
The massive rooftop offers the possibility of an infinite pool overlooking the sea.
With many years of experience in real estate, we affirm the rarity of this property: its prime LOCATION, meticulous plan including creative design, plus versatility for a mix of Residential and Commercial use make it a truly unique opportunity for development in the heart of the Algarve. With an active building license, you can start construction immediately, customizing the space to your exact specifications with simplicity. This may well be anyone’s LAST chance to own such a distinctive property in Olhão, Algarve.

Set of buildings in the center of Olhão with the possibility of transformation into 14 new apartments.

The buildings are located in Rua de Olivença in Olhão, just 7 minutes from the Marina of Olhão and all the riverside area of the city.

An excellent investment opportunity for transformation into local accommodation or even residential.

Olhão is a city that has been growing a lot in its trade, services, and housing level, increasingly sought after by tourists wishing to know its historical past as well as its paradisiacal islands, being only 20 minutes from Faro Airport and 15 minutes from the city center of Faro.

Building of two floors, located in downtown of the city, with good access, close to all trade and services.
Formerly, it functioned as an industry warehouse.
At the moment it is degraded, but there is always the possibility of recovering the existing one, or else, take advantage of the viability of construction, for a building with
four floors, distributed by the typologies T1 / T2 / T3 and box garages, with a building area of 1342 m2.
Excellent business opportunity

Unique Investment Opportunity in the Heart of Olhão!
Explore the potential of this exceptionally located property in the vibrant historic centre of Olhão. With a façade of 8.70 metres and a total area of 162m2, this house offers a unique opportunity to build a building of up to three floors, with a maximum potential of 385m2 of construction area!


️ Develop Your Dream Project!
Whether you’re an experienced investor or a visionary looking for a promising opportunity, this property is the perfect canvas to bring your most ambitious projects to life. With a privileged location in the heart of Olhão, you can create a commercial, residential or mixed space that will stand out in a city and region that is constantly growing.


Unbeatable location!
Imagine yourself at the epicentre of activity, surrounded by the pulsating energy of the centre of Olhão. This property is conveniently close to the market, restaurants, supermarkets, public transport and all the conveniences that a modern community offers. Whether for permanent residence, short or long-term rental, or even for commercial purposes, this strategic location offers unrivalled access to everything Olhão has to offer.


Don’t Miss This Opportunity!
Whether it’s to capitalise on the region’s real estate growth or to create a truly unique and impactful space, this property offers unparalleled potential. Grab this opportunity now and turn your dreams into reality in the beating heart of Olhão!
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