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Property description
Urban Rehabilitation Opportunity in Arroios – LisbonThis fully owned urban building, currently used for warehouses and services, has significant potential for conversion to residential use. It is located in an area classified in the Lisbon Master Plan (PDM) as ”Central and Residential Area - Consolidated Urban Layout A,”where changes of use to residential use are permitted.Urban Rehabilitation Opportunity in Arroios – LisbonThis fully owned urban building, currently used for warehouses and services, has significant potential for conversion to residential use. It is located in an area classified in the Lisbon Master Plan (PDM) as ”Central and Residential Area - Consolidated Urban Layout A,”where changes of use to residential use are permitted.Located at Rua da Escola do Exército, No. 15, Pátio, just 450 meters from Campo Mártires da Pátria and 900 meters from Hospital de São José, it enjoys a central location on the Estefânia-Campo Mártires da Pátria axis, in a well-established residential area that has undergone significant urban regeneration in recent years.
The main building is three stories high, with an annex building and several additional volumes.The structure is old, with brick masonry walls and pillars and a tile roof. The property requires comprehensive renovation.Future renovations could preserve the main structural elements, allowing for interior reorganization without the need for complete demolition.With a gross construction area of 1,417 m² and a land area of 830 m², the estimated usable area is 1,275 m² after deducting common areas.The feasibility of developing approximately 14 residential units (one- and two-bedroom units) is considered, each with private parking. Additional amenities such as coworking or shared offices are also possible.There is no PIP; the information was based on the provisions of the Master Plan (PDM).This property has strong potential and is attractive to investors with a strategic vision for the Lisbon residential and student market, benefiting from a favorable urban setting and strong appreciation.Areas registered in the Land Registry:. Urban Land Area - 830 m². Building Area - 581 m2. Gross Construction Area - 623 m2. Gross Private Area - 567 m2. Dependent Area - 56 m2Schedule your visit and come see for yourself.Note: At KW, we work 50/50 with all market agents with a valid AMI license who bring their clients to us - schedule a visit and bring your buyer!
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