Building for Sale

Property Code: 1-1113 - Building FOR SALE in Rethimno Center for € 600.000 . This 216.00 sq. m. Building is on the Ground floor and features The building was constructed in 1984 . Building Energy Rating: F
In the heart of Rethymno’s Old Town, on one of its most vibrant and high-traffic streets, a three-storey building of 217 sq.m. is offered for sale a rare mixed-use asset combining immediate income with strong value-add potential.
The property benefits from two independent entrances, allowing operational flexibility and clear separation of uses. T
he ground floor (75.5 sq.m.) hosts a successful, fully operating restaurant with established turnover and stable income flow, providing immediate cash yield to the new owner.
The two upper floors (75.5 sq.m. and 65 sq.m.) are currently unfinished, offering a blank canvas for conversion into boutique apartments, luxury suites for short-term rental, or a premium private residence.
The architectural context allows for a refined blend of modern design with authentic Venetian-era character.
Located within a high-demand tourism zone, the asset benefits from year-round foot traffic and sustained market growth. The combination of income-producing commercial space and redevelopment potential creates a compelling investment profile with both cash flow stability and capital appreciation prospects.
A rare opportunity to acquire a prime Old Town property in one of Crete s strongest and most resilient hospitality markets.