Historic corner building in a prime location

€550,000

~540 m² Total surface
~540 m² Living area

Description

Corner listed building, originally constructed in the early 20th century, located in a prime area of Neapoli, Athens. The property represents a notable example of neoclassical architecture, featuring preserved façades that convey distinctive aesthetic and historical character. The building is arranged over two levels with a total surface area of 540 sq.m., set on a 270 sq.m. plot. The existing layout comprises spacious, open-plan areas, offering significant flexibility for reconfiguration and future development. The property is suitable for residential, commercial, or mixed-use purposes, depending on the investor’s objectives. It requires extensive renovation, allowing for a complete redesign in line with contemporary standards and functional requirements. A key advantage is the remaining building coefficient, which, subject to applicable planning regulations and approvals, may be utilized to further enhance the property’s development and investment potential. The asset represents an investment opportunity in a central location characterized by consistent demand and strong prospects for capital appreciation. *Energy certificate is not required

Engel & Völkers Athens MMC

+30 211 1055000

Your advisor: Eftychia Virvili

Property ID: W-02Y8GS

Location: Exarcheia, Athens

Location: Lying in the foot of Strefi’s hill and in close distance to Lycabettus hill, Exarcheia is located right in the heart of Athens neighboring Syntagma, the Historical Center and Kolonaki. Unique features: Exarcheia is a vibrant area full of vinyl record stores, bookshops, publishing shops, Universities, libraries, a community-created park, artful graffiti, cool bars, small restaurants with local food and coffee shops . It can be a great place to explore, with its quirky stores, picturesque small alleys, some of the most beautiful neoclassical architecture buildings, and a probably edgy yet vibrant cultural vibe. With a distinctly different vibe to any other part of town, Exarcheia has retained its old Greek charm while welcoming in a new artistic crowd. Neighboring Kolonaki area and just a few meters away from Syntagma square it is one of the most appealing areas in the city center. Exarcheia is rising up to a new era, becoming a sought after neighborhood of Athens. Accessibility: Extremely well-connected by 3 surrounding metro stations plus a new metro line scheduled to stop right in the center of the area. Bus services and trolleys connect Exarcheia to the rest of Athens. The airport is 50 minutes to an hour away by express train and direct buses while the surrounding avenues make it an easily accessible destination from other areas. Investment potential: Its central location combined with the Universities of the area plus the upcoming new metro line make it an ideal area for investment.