Investment plot in Acharnon, Kato Patisia

€1,100,000

~410 m² Plot surface

Description

The plot is located on Acharnon Street, at a key point with direct access to public transport, educational institutions and main roads. The area presents stable residential and commercial activity, with prospects for upgrading. The plot area is 410 sq.m. and has a building factor of 3.6, while it is building 1,475 sq.m. The final building possibility requires confirmation from the competent Urban Planning Department, according to the specifics of the building block. At the same time, it presents the following characteristics: • Estimated coverage: 60%–70% (under conditions) → up to 246–287 sq.m. per level • Permitted height: up to 15–21 m. (depending on local urban planning provisions) • Floors: Possibility of development of 5–6 levels • Land use: Pure residential The property is suitable for medium-scale residential development. The high building factor makes it suitable for the development of small and medium-sized houses, with a potential target audience of buyers looking for affordable solutions within the city. At the same time, the location and size make it ideal for the development of student residences, offering investment interest through the concentration of demand from students and professionals in the area.

Engel & Völkers Athens MMC

+30 211 1055000

Your advisor: Vivi Charamara

Property ID: W-0302UI

Location: Athens, Attica

Acharnon Street is a major road, which starts from Vathis Square in the center of Athens and ends in Nea Chalkidona. It owes its name to Acharnes, which is the name of the homonymous region of Attica. It is approximately 5 kilometers long. Along it are the following districts: Vathis Square, Victoria, Larissa Station, Agios Panteleimonas, Agios Meletio, Agios Nikolaos, Kato Patisia, Agios Eleftherios, Treis Gefyres. The street ends in Nea Chalkidona and meets the New National Highway Athens-Thessaloniki. Unique Features: Acharnon Street was the inspiration for songwriter Takis Mousafiris, who wrote the music and lyrics of the song of the same name, which became famous after Stamatis Kokotas performed it in 1989. The area enjoys everything the city has to offer, all within walking distance and very close to all means of public transportation. Accessibility: Metro lines, trolleybus lines and numerous bus lines pass through the area. Very close is the Athens Central Railway Station, also known as "Larissa Station". The station operates train routes to a multitude of destinations, such as Thessaloniki, Kiato and the Airport. Investment Dynamics: This area is located right in the center of Athens, an area that always has great interest from buyers with guaranteed returns on investment.