River-View Historic Building for Renovation in Setúbal Historic Centre

About this Listing

This property was selected and recommended by Porameta for its valuable investors. Located in the heart of Setúbal’s historic centre, this 196.35 m² building offers a distinctive value-add opportunity for investors seeking a renovation project in one of the city’s most characterful and increasingly sought-after areas. The property currently comprises six rooms distributed across multiple floors, three WCs, and approximately 126.92 m² of useful area, while retaining attractive views toward the river. The building requires comprehensive renovation and offers significant potential for repositioning. Subject to the applicable planning permissions and licensing, possible strategies include creating a private residential property, converting the building into several apartments, developing a long-term rental project, or exploring tourism accommodation. Its historic setting, river views, and proximity to local commerce, restaurants, services, cultural attractions, and the waterfront provide a strong foundation for a future residential or investment project. Offered for €260,000, this property combines a central historic location with substantial renovation and revaluation potential. The opportunity is particularly suited to investors, developers, and buyers looking for a character property that can be transformed into a modern residential or income-generating asset. Any proposed subdivision into apartments, additional construction, or tourism use should be confirmed through the relevant municipal planning and licensing authorities before acquisition. This property was listed by Ivette Ferreira as the original product provider. For interested parties, please contact Ivette Ferreira directly with the details below: Phone: 351935626705 Email: ivete.ferreira@century21.pt