A plot of land for sale in Εgaleo, in a prime location that combines easy access to transportation and strong investment potential. It is located just 800 meters from a Metro station, ensuring direct access to downtown Athens, while a bus stop is also nearby, fully meeting daily transportation needs.
The property has a coverage ratio of 60% and a floor area ratio (FAR) of 1.6, factors that make it particularly attractive for development. The building regulations allow for the construction of a multi-story residence or a small apartment building, making it an ideal choice for both private individuals and investors seeking high returns.
Within the plot, there is an existing 110-square-meter building that can be utilized immediately, either as a primary residence or after renovation. Additionally, there is the option for demolition and new construction, in accordance with current urban planning regulations.
Its strategic location, combined with its urban planning characteristics and proximity to public transportation, adds significant value to the property, making it an excellent investment opportunity for building homes for sale or rental.
Location: Egaleo is located in the western part of Athens, just 6 km from the city center, bordering the Municipality of Athens to the east, the municipalities of Peristeri and Chaidari to the north, the municipalities of Nikaia - Agios Ioannis Renti and Ag. Varvara, and to the south with the municipality of Moschato - Tavros. The municipality of Egaleo is crossed by five major roads, namely Kifissos, Athinon, Thebes, Petrou Ralli, and Iera Odos.
Unique Features: Egaleo is one of the most famous municipalities in Athens, as it has existed since ancient times. The city has developed on both sides of the ancient Iera Odos, and takes its name from Mount Egaleo, from where the Persian king Xerxes watched the destruction of his fleet by the Greeks in the historic Battle of Salamis. Until a few years ago, Aegaleo was the capital of Western Attica, with several public services based in the city. Its long history and inexhaustible beauty make Aegaleo one of the most popular municipalities, as it combines history with tourism and entertainment. The bustling pedestrian streets of popular Agia Lavra and Markos Botsaris offer many choices of restaurants and cafes, ideal for groups and families. Retaining the charm of a traditional neighborhood, Aegaleo is one of the most up-and-coming areas of Athens.
Accessibility: In the most central part of the municipality, where its most famous square, Eleftherias Square, is the metro station, which is a central hub for all visitors from all over Athens, as it is only 10 minutes away from the most historic spot in the capital, Monastiraki.
Investment Potential: Its proximity to the center of Athens, combined with the metro and commercial development in the surrounding area, make Aegaleo an attractive area for investment.