An excellent investment opportunity and urban rehabilitation project for a building with twelve bedrooms and three retail units, located in a prime area of Portimão, more specifically on its beautiful and charming riverside front. This building, featuring traditional mid-20th-century Algarvian architecture, represents a unique opportunity to rehabilitate and reconstruct architectural heritage of considerable value, with state incentives available, transforming it into a residential or tourist project, benefiting from an extremely generous area suitable for either option. It is located right in the city center, surrounded by an incredible array of services and places to visit, just steps from the river and its enchanting waterfront — a popular area for walks, art exhibitions, a marina for boat tours along the Arade River, and numerous wonderful restaurants that celebrate not only Algarvian cuisine and its close connection to the sea, but also a truly cosmopolitan atmosphere reflected in the city’s eclectic cultural and tourist vibrancy. Portimão is a growing city in terms of investment, centrally located and an excellent starting point for discovering the Algarve and its diverse geography and scenic landscapes. With excellent access to main roads and highways, good schools, and both public and private hospitals, it is one of the Algarve’s major cities, inviting exploration and guaranteed to enchant. A wonderful investment opportunity that Sotheby’s is proud to present — schedule your visit today!