Investment Opportunity – Landmark Neoclassical Building near Piraeus Port

A rare investment opportunity in a prime location near the Port of Piraeus. A three-sided neoclassical building with a preserved (listed) façade is offered for sale, with a total built area of 1,470 sq.m. on a 780 sq.m. plot. The property enjoys unobstructed views and offers exceptional development potential.

The building is ideally suited for conversion into residential apartments for sale, including units that may qualify under the Greek Golden Visa program tier 250.000€, as well as for the development of a boutique hotel, serviced apartments, or an Airbnb accommodation complex, thanks to its strategic location just a short walk from the Port of Piraeus and the metro station.

The above-ground building area totals 1,201.75 sq.m., comprising:

Ground floor: 467.05 sq.m.

First floor: 467.05 sq.m.

Second floor: 267.65 sq.m.

In addition, the property includes a 266.07 sq.m. basement with the potential to be converted into parking facilities. Additional parking spaces can also be accommodated within the perimeter setback area of the plot.

The property benefits from substantial remaining development rights, allowing for the construction of an additional 2,510 sq.m., bringing the total development potential to approximately 3,710 sq.m., including basement areas. Due to the listed façade, any additional development must be carried out through vertical extension with the required setbacks from the building line.

Alternatively, the owner may utilize the property's Transfer of Development Rights through the Greek Digital Land Bank, with an estimated transferable development rights value of approximately €750,000, offering significant additional investment value.

For avoiding inconvenience, please use the following reference number when contacting us referring to the above property: Listing No = 1514857.