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Commercial for sale, Central Athens Regional Unit, Athens

Posted: 2 days ago
ID: 174734
€1 800 000

Reference number: 1046

This centrally located property, just steps from Omonia Square, presents a rare opportunity for hospitality development in the heart of Athens. Ideally suited for either a boutique hotel or a modern hostel, the building stands among the last available properties in the area, making it a highly attractive investment. The building consists of a basement, ground floor with three retail spaces, three upper floors, and a rooftop room. One of the retail spaces is currently operating, while the remaining two are planned to be combined into a single commercial unit, creating additional income potential. The property currently includes 30 rooms with shared bathrooms, along with a lobby and reception area, offering a strong foundation for a hospitality conversion or upgrade. Investment Highlights Expansion potential of up to 351 sqm, significantly increasing the property's development value. Situated in an area experiencing significant revitalization and growing interest from both international and local investors.
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Main Parameters

Covered area
1074 m²
Total area
1074 m²
Number of floors
5
Year built
1923
Bedrooms
studio
Furnishing
No
Water
Central
Kitchen
No
Electricity
Yes
NIKOLAKOPOULOS Dimitris avatar
NIKOLAKOPOULOS Dimitris

Location

Interactive map showing the area around the property. latitude 37.9837885 and longitude 23.7274607 Radius: 0.5 km Use the plus and minus buttons to zoom in and out.