Vathy Bayfront Opportunity – Club Or Residence

Vathy Bayfront Opportunity – Club or Residence Positioned right on the bayside of Vathy with sweeping sea views, this impressive two-level property—ground floor and loft—was formerly a popular club with capacity for up to 500 people. The striking structure offers exceptional potential to transform into a unique private residence, boutique venue, or mixed-use space. Its rare location, spacious layout, and commanding outlook make it one of Vathy’s most versatile and exciting investment opportunities.
Property Overview:
Traditional Stone Building
Pre-1923 construction
Renovated in 2000 into a night club
Zoned for commercial or residential use
Inside town zoning
Only a few meters from Vathy Bay (6 m to waterfront)
Land & Building:
Land Size – 180.05 m²
Building Size – 173.12 m²
Building Height – 11 m
Courtyard at front – 30 m²
Access from 2 roads
Capacity & Features:
Can accommodate 500 people
Sound proofing
Fixtures and fittings sold separately
Utilities & Rating:
Electricity and Water – Easy connection
Energy Rating: G
Because of its position and characteristics, the building offers unlimited possibilities such as:
Continuation of business operations with an entertainment center license, configured as a café-bar (it is the only establishment on Ithaca with an entertainment center license).
There is space for 16 tables and chairs in the courtyard and by the sea.
Conversion into a LOFT-type residence.
Ground-floor shop with a residence above of 130 sq.m.
Two independent residences.
Creation of a luxury (gourmet) restaurant in the heart of cosmopolitan Ithaca’s nightlife — something the island currently lacks and needs.