Distinctive Investment House With Expansion Potential In Historic Ano Petralona

Located on one of the most charming streets of Ano Petralona, just a short walk from Filopappou Hill and surrounded by elegant neoclassical homes, this distinctive building offers an exceptional opportunity either for private residence or for investment. With the right renovation and spatial configuration, the property can be transformed into a modern and functional environment that fully meets your expectations.
The building is developed across two levels with independent entrances. The ground floor, built in 1940, includes a 15 sq.m. shop, a 5 sq.m. storage room, a 60 sq.m. apartment, as well as a 35 sq.m. basement. The first floor, built in 1960, features a 75 sq.m. apartment with two bedrooms, one bathroom, a living room, and a kitchen, offering comfort and flexibility in layout.
The rooftop provides the potential to create a beautiful roof garden, while also allowing for the construction of an additional floor in accordance with current building regulations, further enhancing the property’s development prospects.
Behind the building lies a plot of 146.54 sq.m. with a building coefficient of 2.60, offering significant potential for further expansion or investment development.

Location: Petralona is named after the Greek words ’Petrina Alonia’ which means ’stone threshing floors’, which were used in the area to thresh grain before urbanization.
Petralona is just ​​4 kilometers away from the Athens City Center. The area is an emerging and alternative neighborhood of Athens. The district extends from Hamosternas Street to Poulopoulos Bridge and from Piraeus to the hill of Filopappos and is divided into Upper and Lower Petralona by the lines of the Electric Railway.
Unique features: Ano Petralona is a charming neighborhood that has preserved unchanged the unique characteristics of Old Athens while embracing the beauty of neoclassical Athens. Ano Petralona is located in a strategic point near the areas of Thisio, Keramikos, Filopappou and Koukaki. Moreover, Petralona offers a great variety of Theater scenes, bars and restaurants that are scattered throughout the neighborhood offering locals and foreigners a unique experience of both the Old and New Athens.
Accessibility: Extremely easy access to the rest of Athens via central roads, good connection to the metro (Petralona Electric Railway Station), trolley and buses to the rest of Athens. The airport is 50 minutes away by train or bus.
Investment potential: This area has always had a very strong residential interest and in recent years the tremendous development of food service sectors has brought new life to the district.