3 Apartments And Store By The Sea In Crete For Sale

Apartments and Store by the Sea in Crete for Sale

Prime Mixed-Use Property Just 10 Meters from the Beach

Apartments and store by the sea in Crete for sale, located in one of the most vibrant and touristic regions of the island. This exceptional four-level structure combines commercial potential with luxury living, just steps away from the sea and set along one of Crete’s most commercially active coastal streets.

Property Overview

Four-Level Mixed-Use Building

Ground Floor: A fully operational commercial store, currently generating stable and consistent income.

First to Third Floors: Three fully furnished and air-conditioned apartments, one per level, each offering panoramic views of the sea, surrounding mountains, and the city skyline.

Penthouse (Fourth Floor): A premium apartment featuring a private jacuzzi and stunning wraparound views.

Additional: Includes a separate storage area for operational convenience.

Exceptional Investment Opportunity

Strategic Location

Situated just 10 meters from the sea, this building enjoys maximum visibility and continuous tourist footfall.

Located in a highly sought-after Cretan resort town, surrounded by restaurants, shops, and beach amenities.

Operational and Income-Generating

All residential units are currently rented on a short-term basis, ensuring a steady income stream.

The ground-floor store is already leased and running profitably, providing an additional commercial revenue source.

Turnkey Condition

The entire building has been recently renovated to high standards.

No additional investment is required—ready to operate from day one.

Ideal For:

Entrepreneurs wishing to manage a combined commercial and hospitality business.

Real estate investors looking for multiple revenue channels from both retail and tourism sectors.

Travel companies or hospitality managers seeking a turnkey investment in a high-demand tourist zone.
Fixed Expenses

ENFIA (property tax): €565 per year

Electricity (per apartment): ~€850 per year

Ground floor shop: operates as a tourist shop – electricity is paid by the tenants themselves

Management & Operating Expenses

[hidden information]: 15% commission per reservation

Airbnb: 3% commission per reservation

Laundry service: ~€150 per month (average, depends on departures)

Housekeeping: ~€20 per departure × ~150 departures annually

Operations

Apartments: remain open all year round

Annual turnover: ~ €80,000 or more with more active management)

Rental prices: from €100 to €270 per night

Clients:

50% repeat guests (no commission)

35% from [hidden information] (15% commission)

Remaining from Airbnb (3% commission)

Occupancy Rates

April: 70%

May: 80%

June – September: 100%

October: 90%

Summary

Apartments and store by the sea in Crete for sale offer a rare combination of luxury, functionality, and income potential. Whether you wish to manage a thriving tourist accommodation business, lease commercial space, or enjoy seaside living while generating passive income, this property presents a unique opportunity in one of Greece’s most dynamic coastal destinations.

Don’t miss out on securing a seafront investment in Crete with high visibility, immediate returns, and long-term value.

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