If you go to Lisbon you will not miss this as the great arch is just in the heart of Lisbon downtown. Both nice to watch on both sides the square and street close them are great places to walk as well!
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The monument heads up the center side of the 3-sided Plaza Comercio. It's reminicent of St, Mark's Square in Venice: loaded with people, safe, clean, restaurants, inviting.
For a very reasonable price you'll climb higher to get a very extensive view of Lisbon, bring your camera!
Beautiful Arch, probabely of the times of Augustus of one of his triumphe, a real great triumphant arch, right on Praça do Comércio, in the heart center of the city.
It is a great place to have a look around the surrounding neighborhood, no queues and it offers a great view both at night and day.