Building for Sale

A unique investment and redevelopment opportunity is available in Pallini, one of the rapidly developing suburban areas of Athens. The property consists of a former industrial building with a total area of 1,535 sq.m., situated on a 3,530 sq.m. plot, located in a strictly residential zone with open views and future park planning in the surrounding area. The location offers excellent accessibility, being only 10 minutes from the Pallini Metro Station and close to Athens International Airport Eleftherios Venizelos. Building Layout The building was constructed in 1975 (Building Permit 4099/74) and is developed across three levels: Ground Floor: 711.71 sq.m. First Floor: 633.60 sq.m. Basement: 191.69 sq.m. (including 26 storage units) Additionally, the property offers future expansion potential with the possibility of adding a second floor of 216.67 sq.m. Development Potential The asset is particularly suitable for conversion into a residential complex with multiple apartments, addressing the strong demand for housing in the eastern suburbs of Athens. The surrounding area is experiencing steady residential growth, driven by: Proximity to the airport Direct metro access to Athens city center Increasing demand for suburban residential developments Golden Visa Investment Opportunity The property also qualifies for the Greece Golden Visa Program. Since it is a former industrial building that can be fully converted into residential units, it benefits from the €250,000 investment threshold, making it particularly attractive to international investors seeking residency in Greece. Key Investment Highlights Plot size: 3,530 sq.m. Total building area: 1,535 sq.m. Expansion potential: +216.67 sq.m. additional floor Located in pure residential zoning Ideal for apartment development or residential complex Eligible for Golden Visa investment scheme Price€1,500,000, Contacτ.RE/MAX Properties Investment Syntagma,Phone: +30 210 3219200Email: info@remaxpi.gr