House For sale in Francavilla Fontana, Italy for 1.500.000 €

(Zimmo code: ZBI-E6731)

Set on a prominent corner between Via Benanduci and Corso Umberto Ijust a short walk from Castello Imperiali, the main church and Piazza Umberto IPalazzo Benanduci is a remarkable historic property offered for sale in Francavilla Fontanas old town. The building is protected under an Italian ministerial decree recognising its historic and artistic significance, making it a rare opportunity for a carefully curated restoration project.
While the exact construction date is unknown, the palace stands where the ancient Porta di San Nicola once marked the citys defences, already shown on Centonzes 1643 maps. Over centuries, the property evolved alongside the towns growth, and traces of those changes remain visiblesealed openings, reconfigured ground-floor access and later balcony additions that narrate its long life.
The palace rises over two above-ground levels. Historically, the ground floor served as storage and goods handling, while the piano nobile (first floor) was the formal residential level. The main entrance from Via Benanduci features a distinctive stone portal, topped by a balcony, leading into a grand entrance hall with a star-vaulted ceiling and traditional chianche stone flooring. A striking stone staircase then leads to the piano nobile, where youll find the classic layout of noble residences: generous vaulted rooms with impressive ceiling heights, divided by original 17th-century wooden doors.
The first floor measures approximately 705 sq m, with access and frontage both to Via Benanduci and to Corso Umberto I, where additional rooms belonging to the property were also used in more recent times. The ground floor totals approximately 714 sq m, with parts now featuring commercial use.
A standout feature is the private, enclosed internal garden of around 425 sq ma genuinely uncommon asset in a dense historic centre, perfect for enhancing either a prestigious private residence or an upscale hospitality concept.
The property also includes technical volumes on the second level of about 200 sq m, plus a substantial amount of outdoor space: terraces and balconies totalling around 500 sq m.
A full renovation is required (although a portion was used as professional offices until a few years ago), and any works must respect the heritage protection. Thanks to its scale, location and identity, the palace lends itself naturally to a boutique hotel or high-end hospitality project, a statement private residence, or a mixed use concept combining cultural/professional spaces with commercial units on the ground floor.
Regional incentives note (Puglia): PIA & Mini PIA
In Puglia, investment projectsparticularly in tourism and hospitalitymay, subject to eligibility and open calls, benefit from regional incentive schemes such as PIA and Mini PIA (typically a mix of grants and/or facilitated finance to support refurbishment and development). We can assist with an initial feasibility check, documentation overview and project set-up.