Prime Investment Opportunity: Mixed-Use Building with Commercial & Residential Space

Historic Building in a Prime Algarve Location – A Unique Investment Opportunity

This is a rare opportunity to own a piece of Algarve’s history. Originally one of the first banks in the region, this historic property is now a versatile investment in a prime location on Loulé’s main avenue. The ground floor offers a spacious commercial area with a bathroom, suitable for a range of business ventures. Upstairs, the apartment has been converted into office spaces but can easily be restored to its original residential layout. It includes four bedrooms but could be converted to 6 bedrooms, two living rooms, a kitchen, and three bathrooms. The property also features two upper terraces—one well-suited for social gatherings with a covered room, that could be an office for example and a smaller terrace with sweeping views of the city, including the historic castle nearby. With its central location and adaptable layout, this property presents a valuable opportunity for commercial use, residential conversion, or a combination of both.

The central part of the Algarve includes towns towards the west, starting with the quaint village of Carvoeiro, and beautifully located beach towns such as Armaçao de Pera, Albufeira and Olhos de Agua. The Golden Triangle comprises Quinta do Lago, Vale do Lobo and Vilamoura. The capital of the Algarve is Faro with the international airport and a lively old town. Towards the east, the market town Olhão is located on the Ria Formosa with its stunning intercoastal waterways and barrier islands. The central Algarve features exceptional facilities for all. Championship golf courses throughout the region, a world-class marina in Vilamoura and shopping and dining for all tastes. Infrastructure is superb and the area is exceptionally well prepared to welcome and charm travelers with the highest standards from around the globe.