Situated in the heart of Faro’s historic centre, this one-of-a-kind urban property offers outstanding potential for redevelopment into a boutique hotel, short-term rental residence, or a high-end rooftop restaurant.
Located between Rua Serpa Pinto, Rua da Madalena, and Largo de São Pedro, the building benefits from high foot traffic, centrality, and stunning open views over the city and the Ria Formosa Natural Park.
📐 PROPERTY SPECIFICATIONS
Plot area: 253.00 m²
Building footprint: 253.00 m²
Gross construction area: 880.30 m²
Total usable area: 511.30 m²
Total living/habitable area: 312.20 m²
Number of floors: 4
Total units: 7 independent fractions (A to G)
The building includes three large terraces with exclusive usage, distributed as follows:
Fraction C: 32.73 m²
Fraction F: 26.04 m²
Fraction G: 108.59 m²
These terraces offer exceptional panoramic views and are perfect for private use, guest lounges, or an exclusive rooftop area.
🍽️ COMMERCIAL POTENTIAL: GROUND FLOOR RESTAURANT
The ground floor presents an outstanding opportunity to establish a restaurant, café or wine bar, with direct street access and potential for outdoor seating.
With high visibility and proximity to local amenities and transport hubs, this space is ideal for a trendy concept combining local cuisine, open-air ambience and unique views over Faro.
🏨 TOURISM PROJECT OR RESIDENCE
Thanks to its central location, generous built-up area and layout, the property can be reimagined as:
Boutique hotel with rooftop bar
Premium co-living residence
Serviced short-term rental units
Student residence or guesthouse
Each floor can be restructured into studio apartments or suites, with the exclusive terraces adding high value to the guest experience.
📍 LOCATION ADVANTAGES
Faro is a rising destination with year-round tourism, thanks to its international airport, vibrant historic district, and gateway to the islands of the Ria Formosa. This property is just steps away from the marina, city hall, cultural landmarks, restaurants and public transport.
With the growing demand for authentic and boutique-style accommodation, and a shortage of prime properties with rooftop potential, this is a rare chance to create something special in one of the Algarve’s most dynamic urban settings.
✅ HIGHLIGHTS
4-storey building with unique rooftop potential
Three large exclusive-use terraces with sea and city views
Possibility to create up to 7 independent units
Perfect for boutique hotel, residence, or rooftop restaurant
Located in Faro’s most charming and walkable neighbourhood
Opportunity to benefit from urban regeneration support programs
Fractions already registered and building structurally ready for conversion
📞 Contact us today for full documentation, floorplans and to arrange a private viewing.
This is more than a property — it’s a strategic investment with unmatched potential in the heart of the Algarve.
