Investment Property 590 Sq.M. In The Center Of Piraeus

In the heart of Piraeus, near the central square, the Municipal Theater, and the metro station, an entire building of 590 sq.m. with five separate apartments is available for sale. Adjacent to the commercial district and with direct access to public transportation, the property combines a central location with development potential.

It comprises a basement, ground floor, first floor, and second floor, with a rooftop terrace, and is in need of renovation, offering the opportunity for a complete redesign in accordance with the new owner’s investment plan.

Its location and layout make it ideal for exploring the creation of a boutique hotel or a complex of furnished apartments with hospitality services (serviced apartments), subject to the necessary technical inspections and permits.

An interesting investment opportunity for those seeking a standalone building in the commercial and transportation hub of Piraeus.

Location: Piraeus is located just 12 km south of the centre of Athens and is one of the most important commercial and passenger ports in Europe, serving passenger traffic to more than 200 inhabited Greek islands, whose main connection with the mainland is via the port of Piraeus.

Unique features: A seaside and family-friendly neighborhood that still retains its authenticity, Piraeus is the city where Greece’s strong maritime industry was born and still maintains its strong maritime character, with most shipping companies based there; it is also home to Olympiacos and the Eretos Group, the oldest active rowing club in the Balkans. The municipality is home to 140 schools and 2 universities, the University of Economics and the Higher School of Naval Cadets.  The Municipal Museum, the Museum of Fine Arts and the Municipal Gallery. Piraeus is characterised by small picturesque bays, with very good fish taverns, and includes all the habits of a big city such as shops, cinemas, theatres, restaurants, bars, cafes and museums.

Accessibility: It also has a tram, a train station and several bus lines. Finally, it is the main transfer station for passenger, commercial and cruise ships.

Investment potential: The neighborhood has benefited significantly from the development of the port of Piraeus, the expansion of the metro and the Stavros Niarchos Foundation, making it a top choice for real estate investment.

Building view