This is the 294th most frequent Portuguese word.
perto
Near.
In this sentence, "perto" is used as an adverb to indicate proximity to a specific location.
Eu moro perto da escola.
I live near the school.
In this context, "perto" functions as a prepositional expression, describing the relative location of the store to the street.
A loja perto dessa rua tem bons preços.
The store near this street has good prices.
Here, "perto" is employed metaphorically, meaning being close to achieving or realizing something.