Investment Property For Sale – Prime Development Opportunity In Heraklion

An exceptional investment opportunity on the outskirts of the city center of Heraklion, in a rapidly developing area with strong growth potential. The property is ideally for boutique hotel, short term rental apartments, long term rental apartments, apartments to resale, etc. , located just a 10-minute walk from Eleftherias Square, offering easy access to the heart of the city.

The building extends over five levels and requires full renovation, making it ideal for redevelopment into residential units, serviced apartments, or a boutique hospitality project.

Property Details:

Basement (rear side at ground level with garden): 222.7 sq.m.
Residential use: 185.3 sq.m.
Ground Floor: 222.7 sq.m.
Residential use: 185.3 sq.m.
1st & 2nd Floors: 222.7 sq.m. Each
Residential use: 194.9 sq.m. Each
3Rd Floor: 110.57 sq.m.
Residential use: 82.94 sq.m.

Total Building Area: 1,001.37 sq.m.
Total Residential Use Area: 846.34 sq.m.

This is a rare opportunity to acquire a large-scale property in a strategic location with increasing demand, ideal for investors looking to capitalize on the growth of the Heraklion real estate market.