Investment plot in Korydallos

€175,000

~200 m² Plot surface

Description

The plot is located in Ano Korydallos, in an up-and-coming area that combines the tranquility of residential neighborhoods with direct access to all necessary amenities. With a total area of 200 sq.m. and floor space index to 1.8, the property offers excellent development potential for residential or investment projects, as it is close to schools, shops, public transportation, and green spaces. Some of the advantages of the plot is: 1) Strategic Location: Ano Korydallos combines tranquility with direct access to the city center and public transportation. 2) Reconstruction Potential: The old building provides a “blank slate” for development, with the ability to maximize the building coefficient. 3) Commercial Value: The increasing demand for properties in the area makes this investment highly profitable. 4) Custom Design: The plot’s size allows full flexibility in architectural design, depending on the investor’s needs. The conclusion is that the 200 sq.m. investment plot in Ano Korydallos, with the 57 sq.m. old building ready for demolition, is a unique opportunity to create modern residences or high-value investment projects. Its location, design possibilities, and commercial prospects make it an ideal choice for those seeking a property with significant development potential.

Engel & Völkers Athens MMC

+30 211 1055000

Your advisor: Nikos Liveris

Property ID: W-02Y99N

Location: Korydallos, Attica

Korydallos is a suburb of Piraeus and borders with Nikaia, Agia Varvara, and Chaidari. Unique Features: Korydallos has several squares, free spaces and low height buildings. Eleftherias Square, where the new metro is located, is probably the most “chic” square in the city and was formed when Korydallos was in a period of development. The city provides a very good structure and distribution of free spaces, with many squares within a small distance. Korydallos is ideal for families looking to find housing at affordable prices as the Municipality has many sports facilities and schools, but also for employees looking for an area with nightlife options such as many nice cafés, bars and restaurants and several cinemas. Accessibility: The metro station of Korydallos in Eleftherias Square has brought new life to the area, as now access to the city center and the airport is made directly, making it easier. Investment Dynamics: Korydallos is an area with high potential and significant growth prospects. The implementation of the planned projects will positively affect real estate values, increasing their prices. This means that this period is suitable for finding housing at a favorable price given that, when the works will become known to the general public, then prices will rise sharply.