Independent building in Piraiki with excellent investment potential

In one of the most attractive and sought-after neighbourhoods of Piraeus, in Piraiki and just a short distance from the sea and the coastal road, this independent building of approximately 330 sq.m. is offered for sale, combining distinctive character with significant potential for both residential and investment use.

The property extends over three levels and comprises a ground floor of approximately 150 sq.m. and a duplex residence occupying the 1st and 2nd floors, with a total area of approximately 180 sq.m.

This is a property that retains the charm and character of another era, featuring distinctive architectural details and generous interior spaces that, through a carefully designed renovation, could be beautifully restored and transformed into a truly unique residence.

Although the building requires renovation, it offers considerable flexibility and potential. Thanks to its independent nature and private courtyard, it could be converted into a spacious private residence, offering the privacy and atmosphere of a standalone home in one of the most desirable residential areas of Piraeus. The courtyard also offers the potential to accommodate mulltiple parking spaces, as it currently has only one space available.

Of particular importance is the property’s investment and redevelopment potential. The plot has a total area of 198 sq.m. and a building coefficient (Floor Area Ratio) of 3, corresponding to a theoretical buildable area of up to 594 sq.m. Combined with its excellent location close to the sea, this creates a compelling opportunity for the development of a new contemporary residential building, always subject to the applicable planning regulations, building restrictions and necessary approvals.

Location is one of the property’s strongest advantages. It is situated very close to the Piraiki waterfront and coastal road, within a quiet and established residential neighbourhood that combines tranquillity, privacy and a family-oriented atmosphere with convenient access to the centre of Piraeus.