New

Multifunctional investment building in Academia Platonos

€1,100,000
  • 12 Bedrooms
  • 8 Bathrooms
  • ~700 m² Total surface
  • ~700 m² Living area

Description

Building with a total built area of approximately 750 sq.m., constructed in 1994, located in the Academia Platonos area, close to Lenorman Avenue, offering excellent connectivity to Athens' main road network and convenient access to the city center. The property is currently fully utilized as a commercial/professional building, generating stable rental income within an established business environment. Arranged over a ground floor and four upper floors, the building offers a highly functional layout with significant flexibility for a variety of uses. Beyond its current commercial operation, the property presents considerable redevelopment potential. Subject to obtaining the necessary permits and approvals, its floor layout is well suited for conversion into independent residential units, offering investors the opportunity to reposition the asset for the residential market through long-term rentals, short-term accommodation, or individual unit sales. Key Features: - Total built area: Approx. 750 sq.m. - Configuration: Ground floor + 4 upper floors - Land plot: 220.5 sq.m. - Year of construction: 1994 - Prime location in the Academia Platonos area, close to Lenorman Avenue, with direct access to Athens' major road network - Currently income-producing through commercial/professional use - Potential for residential conversion, subject to obtaining the required planning and building permits - An attractive investment opportunity for buyers seeking either stable rental income or a value-add redevelopment project with strong upside potential.
Features
Air-conditioningBalconyBasementGarageSecurity systemTerraceElevatorGuest toiletMountain viewOpen view
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Engel & Völkers Athens MMC

Your advisor: Alexandra Konstantinou

Property ID: W-0467DS

Property details
  • Object type

    Apartment house

  • Bedrooms

    12

  • Bathrooms

    8

  • Number of Floors

    4

  • Garages

    4

  • Total surface

    ~700 m²

  • Living area

    ~700 m²

  • Flooring

    Tiles

Energy efficiency information
  • Construction year

    1994

  • Energy efficiency class

    D

  • Energy certificate available

    Yes

  • Energy certificate type

    Consumption certificate

  • Energy source

    Central heating, Electric heating

Location: Athens, Attica

The neighborhood of Academia Platonos extends in the area between the southwest side of Lenorman Street and Athens Avenue. It borders to the north-northeast with Kolokynthou and Kolonos and to the south with Metaxourgeio, Votanikos, and Prophet Daniel. Unique characteristics: Academia Platonos is one of the oldest neighborhoods in Athens, marked by a particularly glorious past. The area enjoys everything the city has to offer, all within close proximity and very close to all public transportation. The new Archaeological Museum of Athens will be created in the Academy of Plato and it will be the first "green" archaeological museum in Greece. It will be bioclimatic and have a zero environmental footprint, while offering unobstructed access for people with disabilities. This building, which will house the archaeological museum of the city of Athens, will cover 14,362 sq.m. Additionally, as part of the enhancement of Academia Platonos by the Municipality of Athens, the redevelopment of the green space is planned with the creation of a park under the terms of sustainability and viability. The new museum will host thousands of unique findings from excavations in various areas of Athens in previous decades and findings from metro excavations. The country's first "green" museum aims, along with the wider area, to become an international hub for the development of scientific, artistic, and broader cultural activities, highlighting the timeless metropolitan role of Athens, from antiquity to today. Accessibility: Academia Platonos is located just a few kilometers from the center of Athens. In close proximity lies the KTEL Kifisou and it is served by the metro stations of Metaxourgeio, Kerameikos, and Sepolia. Investment Dynamics: This area is right in the center of Athens, a place that always holds great interest from buyers with guaranteed returns on investment.

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