Building, Madalena, Ilha do Pico

Located in the center of Vila da Madalena, in one of the busiest areas on the island of Pico, this building represents an excellent investment opportunity, combining a prime location, generous floor space, and multiple potential uses. With a total gross floor area of 447m², the building consists of: - Ground Floor – A 172 m² commercial space, comprising a large open-concept area, a storage area, and restrooms. The layout of the space allows it to be easily adapted to various activities, such as restaurants, retail, services, or other business ventures. - 2nd floor – A 172-square-meter three-bedroom apartment, featuring three en-suite bedrooms, a guest bathroom serving the living area, and a spacious open-concept living room and kitchen, prioritizing comfort, functionality, and natural light. - 3rd floor – Two independent studio apartments, each measuring 41 m² (82 m² total), comprising a bedroom area, an open-concept living room and kitchen, and a private bathroom—ideal for short- or long-term rentals, local lodging, or personal use. One of the building’s major highlights is its panoramic terrace, which offers a 360° view of some of the Azores’ most iconic landscapes, allowing you to take in the Atlantic Ocean, the island of Faial, the islets off the coast of Madalena, the town’s harbor, and the imposing Pico Mountain. These spectacular views can also be enjoyed from the top-floor apartments. The location is another of its major assets. Situated in the heart of Vila da Madalena, it benefits from being in close proximity to shops, restaurants, services, recreational areas, and the island’s main tourist attractions, providing excellent accessibility for both residents and visitors. The property can be purchased in its current state of construction or with the work fully completed, allowing the future owner to tailor the investment to their needs. If you’re looking for a building with strong potential for profitability—whether for commercial use, tourist accommodations, residential rentals, or mixed-use—this is a unique opportunity in one of the most sought-after locations on the island of Pico. Contact ERA Pico for more information or to schedule a visit.