Investment Plot for Sale in Psyri – Prime Athens Location

€600,000

~206 m² Plot surface

Description

This plot is located in the heart of Psyri, one of the most sought-after neighborhoods in Athens’ historic center. It has a total area of 206 sq.m., with a building allowance of 412 sq.m. and a coverage ratio of 60% (which may increase to 70% under certain conditions). The location offers excellent connectivity, being just an 8-minute walk from Monastiraki metro station, 5 minutes from Thissio station , providing direct access to Athens International Airport and the Port of Piraeus. Surrounded by archaeological sites (the Acropolis is only 20 minutes walk away), landmarks, popular restaurants, cafés, and bars, the plot is ideally situated for residential, commercial, or hospitality development. In an area dominated by older buildings where new developments are rare, this property presents a unique investment opportunity for: A private residence A boutique hotel or tourist accommodation A commercial-use building A residential complex for short- or long-term rental income

Engel & Völkers Athens MMC

+30 211 1055000

Your advisor: Theodoros Stamatogiannis

Property ID: W-02UJWA

Location: Psyri, Athens

The area of Psyri is one of the oldest in the city of Athens. Its first historical record dates back to 1687. It is located in the historical centre of Athens next to Monastirkaki. Like all city centre neighbourhoods, it has gone through many changes that are really reflected in its architectural character. Neoclassicism and Athenian Modernism coexist in a unique way, with buildings that were previously hosting small industries and shops. The contemporary district of Psyrri is a gathering point for all the creative communities of the city, like artists, musicians and fashion designers, who often run their studios here, and of course this along with its cafes, restaurants and bars is a big draw for tourists. It is a must in the Athenian nightlife with a variety of options. It is excellently connected by public transport to the rest of the city and airport. Monastiraki Metro Station is only 5 min walking distance from the main square of Psyrri (Plateia Iroon). No doubt the area has one of the highest investment returns in the real estate market of Athens and it attracts the interest of many investors either from Greece or from abroad.