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We present a rare property located on the most iconic street of Ericeira one of the most sought-after and valuable coastal villages in Portugal. This building represents an exceptional opportunity both for investors and for those looking to combine private housing with sustainable income. The property consists of two floors currently in use and includes a project with approved feasibility for vertical expansion, offering significant potential for future appreciation. Ground floor: commercial space with an operating shop, benefiting from a prime location with high pedestrian traffic. Ideal to maintain as an income-generating asset or to develop a new commercial concept. First floor: fully renovated three-bedroom apartment, with modern finishes, excellent layout, natural light and great comfort. It can be used as a permanent residence, holiday home or rental property. Expansion Potential: There is a possibility to add two more floors, with a project for: A one-bedroom apartment (T1) and a studio apartment (T0) with panoramic balconies and views over the villages historic rooftops and the sea. This addition allows for a considerable increase in the propertys profitability, ideal for exploring the tourist or long-term rental market in one of the most in-demand destinations on the Portuguese coast. Unmatched Location: Just a few minutes walk from the beaches, and close to restaurants, local shops, schools and essential services, this property is situated in the most authentic part of Ericeira, where traditional lifestyle blends with modern living and increasing real estate demand. Safe and Sustainable Investment: Whether for private use, local accommodation or medium to long-term investment, this building offers unique conditions for appreciation thanks to its geographic position, flexible use and potential for expansion. For more information, available documentation or to schedule a visit, please contact us.