Plot Of Land For Sale Petralona 2160618

A 1601.52 m² plot of land is for sale in Petralona, which is reserved for the construction of a school. However, it is possible to submit an application for automatic revocation of expropriation upon completion of the fifteen-year period, i.e. in October 2026, which gives the property significant future investment potential. Within the plot there is an old commercial building of 1,550 sq.m., which in any development scenario is considered demolishable, allowing for the complete redesign and optimal exploitation of the property.

The plot is located at a particularly key point in the wider area of Piraeus Street, approximately 600 meters east of its intersection with Panagi Tsaldari Street (Hamosternas), 2 kilometers east of Kifissos Avenue, 300 meters south of its intersection with Petrou Ralli Street, 2.5 kilometers southwest of Omonia Square, and approximately 2 kilometers west of the Acropolis archaeological site and Filopappou Hill. Piraeus Street is one of the most central and high-profile arteries in Athens, directly connecting the historic city center with the port of Piraeus. Historically, it has been a key axis for industrial and craft development, while over the last 30 years it has undergone a steady transition into a cultural, entertainment, and commercial hub.

Today, along Piraeus Street, there are important cultural buildings, such as the Michalis Kakogiannis Foundation Multipurpose Center, shopping centers, department stores, modern office buildings, and a plethora of dining and entertainment venues, reinforcing the dynamic character of the area and the demand for new developments. Access to the property by public transport is particularly easy, as there are OASA bus stops a short distance away on Piraeus Street, ensuring direct connections to the center of Athens and the surrounding areas.

The property is trapezoidal in shape and slopes gently from east to west. It has a 7.74-meter frontage on Peiraios Street on the northwest side, 65.70 meters on Aigeidon Street on the southwest side, and 40.98 meters on Alkminis Street on the southeast side, while on the northeast side it borders on undeveloped land.

According to current land use regulations, the area is designated as General Residential, excluding hotels, warehouses, and car repair shops. Based on urban planning data, a new building with a total area of up to 3,683.50 sq.m. can be constructed on the plot, covering 60% of the plot, i.e. 960.91 sq.m., making it particularly attractive for future development in one of Athens’ most up-and-coming urban areas.

The property’s location has an excellent walkability score of 93%. Specifically, within a 15-minute walk, you have access to schools 200 m, restaurants 100 m, a supermarket 400 m, a park 400 m, and a market 300 m.

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