Building in Odivelas, OdivelasOdivelas, Lisboa

Building for Renovation in the Historic Center of Odivelas Two-storey building held in full ownership, located in the heart of Odivelas' historic center, anknown for its cultural and architectural heritage. This is an excellent investment opportunity, ideal for redevelopment and value appreciation in a steadily growing market. Set on a 458 sqm plot, the property offers approximately 342 sqm of gross construction area. It is currently divided into four independent units, distributed across ...Building for Renovation in the Historic Center of Odivelas Two-storey building held in full ownership, located in the heart of Odivelas' historic center, anknown for its cultural and architectural heritage. This is an excellent investment opportunity, ideal for redevelopment and value appreciation in a steadily growing market. Set on a 458 sqm plot, the property offers approximately 342 sqm of gross construction area. It is currently divided into four independent units, distributed across two floors, all with one-bedroom layouts, preserving the original character and structure of the building. Located within an Urban Rehabilitation Area (ARU), the property benefits from attractive tax incentives, significantly enhancing its investment potential. The building requires full renovation, providing complete flexibility to design a tailored project, whether for private residential use, long-term rental, or other investment strategies, subject to legal framework. In terms of occupancy, two units are currently occupied under comodato agreements, one has a recent rental contract (under NRAU regulations), and one unit is vacant. Location is one of its key strengths. Positioned in the historic core of Odivelas, an area undergoing continuous urban regeneration, it has seen increasing demand and consistent property value growth, driven by its proximity to Lisbon and ongoing infrastructure improvements. Odivelas is increasingly recognized as a strategic alternative to