Commercial Space with High Ceilings and Significant Value-Add Potential
This commercial property, spanning 115.00 m², is located in central Lisbon, between Graça, Intendente, and Anjos. It offers strong potential for renovation, repositioning, and future appreciation.
The space stands out for its generous 3.75-meter ceiling height, substantial street-facing glazed frontage, and overhead skylights that bring natural light deep into the interior, creating an attractive sense of volume.
Its layout and character suit a variety of commercial or professional uses, including a studio, atelier, showroom, office, or creative workspace. For investors, there is also potential for conversion into residential use, subject to the necessary change-of-use approvals, licensing, and compliance with applicable regulations.
The property currently requires refurbishment, giving the future owner the opportunity to redesign the space entirely to meet their needs or those of a future occupant.
A Location with Significant Future Potential
Beyond the property’s features, its location is set to benefit from major investments and urban regeneration occurring in this part of Lisbon. Lisbon City Council is investing over €20 million to redevelop the Almirante Reis axis. The project includes adding trees and landscaped areas, widening sidewalks, improving pedestrian conditions, creating continuous cycling infrastructure, and building a new green structure connecting Martim Moniz with the Areeiro area.
These enhancements aim to substantially improve the quality of public spaces, enhance the pedestrian experience, and increase the overall appeal of the Almirante Reis, Intendente, and Anjos area, with potential positive effects on the surrounding streets.
This initiative is further complemented by the redevelopment of the former Hospital do Desterro, one of the area’s most significant urban regeneration projects, led by Mainside, the company famous for creating Lisbon’s well-known LX Factory. The transformation of this historic complex represents another key investment anchor in an area that has increasingly attracted new residents, independent businesses, creative projects, and rehabilitated existing buildings.
For a commercial property like this one, such developments are particularly relevant. Improved public spaces, enhanced residential and commercial appeal, and new destinations in the immediate vicinity may drive more pedestrian activity, increase demand for commercial premises, and further property appreciation over the medium to long term.
Asking price: 315.000 €
Features:
Ground level
Commercial usage
115,00 m2 build size
3,75 m ceiling height
5,70 m shop front
2 bathrooms
Property Features
- Conversion
- Great Price
- High ceilings
- Investment Potential
- Office
- Renovation
- Shop
