Prime development plot with open view near Elikonos metro station

€820,000

~478 m² Plot surface

Description

Located in one of Athens’ most up-and-coming areas, in a prime position with direct access to the upcoming Elikonos metro station, this plot of 478.5 sqm is offered for sale, presenting significant development potential. The land benefits from unobstructed views, an excellent orientation and a privileged location, all of which enhance the overall value of any residential or investment development. The area demonstrates strong growth dynamics, driven by the development of the new metro line. With a building coefficient of 2.6 and a coverage ratio of 40%, the plot allows for the development of a modern building project of approximately 770 sqm, distributed across up to four floors. Its proximity to public transportation, major road axes and key infrastructure, combined with the open views and the area’s future appreciation, make this property an exceptional opportunity for developers and investors seeking strategic placements in Athens.

Engel & Völkers Athens MMC

+30 211 1055000

Your advisor: Antigoni Lykoudi

Property ID: W-047L36

Location: Athens, Attica

Galatsi is a popular area on the north side of Athens and in the northern part of Patission Street. The Galatsi area is bordered to the north by Rizoupoli and Kypseli, to the east by the Kypriadou settlement and Kato Patisia, to the south by Kifissia, and to the west by Nea Chalkidona and Nea Filadelfia. It offers easy access to the city center and has quiet neighborhoods and many beautiful detached houses. The area is rich in greenery, with parks and gardens, offering a pleasant environment. Unique features: Galatsi is known for its lively and active community. It is a magnet for those who want a central location, but without the excessive traffic and noise of the city center. It is particularly suitable for those who want to have all the infrastructure and amenities within walking distance, as it is an area where everything is accessible even without transportation. There are also various options for food and drink, such as traditional taverns and modern restaurants. There are many cafes and bars in the central squares and along the boulevard. Accessibility: You will also find easy access to public transportation, such as buses and electric trains, as well as many options for social life and entertainment. The area combines tranquility with easy access to amenities and services. Investment Potential: Galatsi is an area with high potential and significant growth prospects. The implementation of planned projects, most notably the construction of the new metro line, will have a positive impact on property values, boosting prices. This means that now is the right time to find a home at a favorable price, as once the projects become widely known, prices will skyrocket.