Unique Investment Building Of 320 Sq.M In Akademia Platonos

For Sale: Detached Corner Building of 320 sq.m. in one of Athens’ most up-and-coming and historic neighborhoods. Built in 1976, this property represents an outstanding investment opportunity with strong capital appreciation potential and attractive high-yield returns.

The building is developed over four levels and comprises a highly visible ground-floor retail unit, a basement with auxiliary/storage areas, and two independent apartments of 100 sq.m. each, located on the first and second floors.

One of the property’s key advantages is its remaining building coefficient (air rights), offering the potential to construct an additional floor, significantly increasing both its market value and future investment returns.

The property requires renovation, providing the new owner with complete flexibility to redesign and reposition it according to current market demands. It is ideally suited for conversion into modern residential units or studio apartments targeting students, young professionals, corporate tenants, or the short-term rental market (Airbnb). At the same time, the ground-floor retail space can provide a stable and recurring source of rental income.

Strategically located with excellent access to public transportation, close to the center of Athens, and within an area undergoing continuous urban regeneration and residential growth, this is a rare opportunity for investors, developers, and high-yield buyers seeking a value-add project with exceptional long-term potential.

Location: The neighborhood of Akademia Platonos stretches between the southwestern side of Lenorman Street and Athinon Avenue. It borders Kolokynthou and Kolonos to the north-northeast and Metaxourgeio, Votanikos, and Profitis Daniel to the south.

Unique features: Akademia Platonos is one of the oldest neighborhoods in Athens, marked by a particularly illustrious past. The area enjoys everything the city has to offer, all within walking distance and very close to all means of public transport. The new Archaeological Museum of Athens will be created in Akademia Platonos and will be the first ”green” archaeological museum in Greece. It will be bioclimatic and have zero environmental impact, while offering unimpeded access to people with disabilities. The building that will house the archaeological museum of the city of Athens will cover 14,362 square meters. Also, as part of the promotion of Akademia Platonos by the municipality of Athens, the green space will be redeveloped with the creation of a park based on sustainability and viability. The new museum will house thousands of unique finds from excavations in various areas of Athens over the past decades and finds from the metro excavations.

The first ”green” museum in our country aims, together with the wider area, to become an international hub for scientific, artistic, and broader cultural activities, highlighting the timeless metropolitan role of Athens, from antiquity to the present day.

Accessibility: Akademia Platonos is located just a few kilometers from the center of Athens. The Kifissos bus station is nearby, and it is served by the Metaxourgeio, Kerameikos, and Sepolia metro stations.

Investment Potential: This area is located right in the center of Athens, an area that has always been of great interest to buyers with guaranteed returns on investment.

Appliances, Fixed furniture, Built-in cupboards, Built-in kitchen, BBQ Area, Split air-conditioned, Partly air-conditioned, Building view, Green view, Mountain view