Nestled in the heart of Riberia Grande's bustling commercial district on Rua Nossa Senhora da Conceição, this historic gem boasts timeless elegance and unparalleled potential. Featuring soaring ceilings, original woodwork, and intricate details, this diamond in the rough awaits a visionary new owner to restore it to its former glory.Step into a serene backyard oasis, enclosed by stone walls and lush greenery, offering a tranquil retreat from the city's vibrant pulse. Despite its central location, the peaceful ambiance makes it easy to forget you're in the heart of the action.The property includes a residential home primed for renovation, accessed through a charming vestibule and staircase. Additionally, the building offers two income-generating storefronts fronting the main shopping street, generating combined 1275€ per month, enhancing its appeal and investment potential.Steeped in history, this street dates back to the 18th century, adding a unique historical charm to the property. Notably, the home features a tower that once served as a lookout for arriving vessels laden with oranges, a nostalgic nod to the island's rich maritime heritage.Don’t miss this rare opportunity to own a piece of Riberia Grande's* history and create a stunning residence or a lucrative investment property on Azores largest island of São Miguel.   *It is the only city in the north of the island and also the only one with beaches (known as the surfing capital). Surrounded by a diverse and exuberant nature, it is the result of its own urban planning since its origin (16th century) and is currently at the beginning of a strong development.