Rare Neoclassical Detached Residence With Historic Character And Investment Potential

In the heart of Pasalimani, in a quiet location set on a pedestrian street and just a 2-minute walk from Marina Zeas, a rare neoclassical detached residence of significant character and historical value is offered for sale, originally built around 1810, with its first recorded purchase dating back to 1858.

The property underwent a full restoration between 1997 and 2005, with complete construction records and architectural plans available, ensuring transparency and confidence for any future use or investment.

It is developed on a 136.35 sq.m. plot, with a building coefficient (FAR) of 3, and a total built area of approximately 309 sq.m., distributed across a 75 sq.m. basement, 97.31 sq.m. ground floor, 124.10 sq.m. first floor, and a 12.70 sq.m. roof level.

There is flexibility to configure the outdoor space according to the owner’s needs, whether as a courtyard/garden or as a private parking area — a highly valuable advantage for the location.

The property already features prepared architectural plans for conversion into a boutique hotel of up to 9 rooms, with potential eligibility for Golden Visa use. An application has already been submitted to the Archaeological Authority for the required permits, which is expected to significantly accelerate the renovation and development timeline.

The building is in excellent condition and represents a unique opportunity either as a prestigious private residence or as a high-yield investment, located in one of Piraeus’ most sought-after and vibrant areas, just steps from the sea, the marina, and the lifestyle amenities of the area.

Location: Piraeus is just 12 kms to the south of Athens city center and is one of the most important commercial and passenger ports in Europe, servicing passenger traffic to more than 200 inhabited islands in Greece, whose main connection with the mainland is via the Piraeus port.

Unique features: A family-friendly seaside neighborhood that still retains its authenticity, Piraeus is where Greece’s powerful shipping industry was born, and it retains its strong maritime character with most shipping companies as well as the Piraeus Marine Club and the Yacht Club of Greece based here. It is home to the beautifully restored Municipal Theater and the Archeological Museum of Piraeus. Piraeus has some of the most picturesque bays such as Mikrolimano, lined with upscale fish restaurants and has the usual big-city delights of shops, cinemas, theaters, and museums.

Accessibility: Piraeus now has three new metro stations and now is well connected to the center of Athens and the rest of the suburbs, the route to the airport by metro is only one hour. Moreover Piraeus also has a tram, a railway station, and several bus lines. Finally, it is the main transfer station for passenger, commercial and cruise ships.

Investment potential: The neighborhood benefitted hugely from the Piraeus Port Development, Flisvos Marina redevelopment and to the Stavros Niarchos Foundation, making it a prime choice for real estate investors.