In one of Piraeus’s most privileged and strategic locations, within walking distance of the port and Poseidonos Avenue, very close to Piraeus Tower and between Piraeus Metro and Municipal Theatre stations, a plot with a total area of 780 sq.m. is available.
The plot has a floor-area ratio of 4,8 and a site coverage ratio of 70%. A building with a total area of 1,468 sq.m. and a listed façade currently stands on the plot. It also offers substantial remaining building capacity of approximately 2,500 sq.m., providing excellent opportunities for further development.
Its highly advantageous location in one of Piraeus’s most important commercial, transport and developing hubs, combined with its planning characteristics and existing building, make the property an ideal investment opportunity.
It is suitable for development with various uses, including commercial premises, offices, residences or apartments for exploitation, depending on the design and permitted use.
A particularly worthwhile proposal for investors seeking a property with a prime location, significant development potential and multiple utilization possibilities in the heart of Piraeus.
Location: Piraeus is just 12 kms to the south of Athens city center and is one of the most important commercial and passenger ports in Europe, servicing passenger traffic to more than 200 inhabited islands in Greece, whose main connection with the mainland is via the Piraeus port.
Unique features: A family-friendly seaside neighborhood that still retains its authenticity, Piraeus is where Greece’s powerful shipping industry was born, and it retains its strong maritime character with most shipping companies as well as the Piraeus Marine Club and the Yacht Club of Greece based here. It is home to the beautifully restored Municipal Theater and the Archeological Museum of Piraeus. Piraeus has some of the most picturesque bays such as Mikrolimano, lined with upscale fish restaurants and has the usual big-city delights of shops, cinemas, theaters, and museums.
Accessibility: Piraeus now has three new metro stations and now is well connected to the center of Athens and the rest of the suburbs, the route to the airport by metro is only one hour. Moreover Piraeus also has a tram, a railway station, and several bus lines. Finally, it is the main transfer station for passenger, commercial and cruise ships.
Investment potential: The neighborhood benefitted hugely from the Piraeus Port Development, Flisvos Marina redevelopment and to the Stavros Niarchos Foundation, making it a prime choice for real estate investors.