Perhaps 2023 Is the Year You Buy a Former Pasta Factory in Portugal
Location: Arraiolos, Portugal
Price: €1,100,000 (approximately $1,166,517 USD)
Year Built: 1926
Footprint: 30,677 square feet total (eight bedrooms in the main house)
Lot Size: 1.5 acres
From the Agent: "On the outskirts of Arraiolos, in the historic, hilltop Alentejo town, we discovered this beautiful quinta and set about creating a boutique tourism project with guest suites, a restaurant gallery, event space, and workshop. The quinta was originally built in the 1920s by a collective of entrepreneurial farmers who decided to build a pasta factory to earn greater profit from the wheat they produced. The location, on the main road out of Arraiolos, is an hour’s drive from Lisbon, making the property a great base to explore the Alentejo region."
The charming hilltop village is a time capsule just a short drive away from the vibrant city of Lisbon and the Comporta coastline. The UNESCO heritage city of Évora can also be reached in less than 20 minutes.
In addition to the main farmhouse (equipped with eight bedrooms) and a pair of two-bedroom cottages, the property includes four warehouses that could serve as coworking spaces, event venues, restaurants, or a bed-and-breakfast.
"This is an architectural project with endless possibilities, set in a region that is increasingly gaining global attention as an area to slow down, relax, and enjoy the simple pleasures in life," notes the agent. "Plus, the plans have been approved by the Arraiolos Town Hall, who are very supportive of developing this tourism concept in the area."
An additional bonus, Arraiolos is also in an eligible golden-visa area.
The Old Pasta Factory, located in Arraiolos, Portugal, is currently listed for €1,100,000 (approximately $1,166,517 USD) by Fantastic Frank.
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