Building for Sale

Central Athens | Corner building for hospitality or residential repositioning A listed corner building in downtown Athens, located within an urban submarket supporting both year-round hospitality and centrally positioned residential uses. The asset offers clear redevelopment optionality on an established technical base. The property comprises approximately 975 sq.m. of total area (approx. 885 sq.m. above ground). Originally developed in 1910, the bearing structure was fully reinforced in 1990, and a person’s elevator was added. Historically, it operated as a 36-key hotel until the 1980s, while it was later adapted to an educational centre. The building is currently vacant and requires renovation. Key Characteristics • Corner exposure with good natural light • High ceilings and flexible internal layouts • Auxiliary areas and roof space (subject to approvals) • Established public transport accessibility • Listed status with prior structural upgrading Location & Market Logic Positioned near Karaiskaki Square, with close access to Metaxourgeio metro station and walking distance to Omonia Square. The micro-location supports boutique hotel concepts, serviced apartments, or centrally located residential schemes. The asset suits developers and hospitality investors seeking a repositioning project with multiple executable scenarios. Historic hotel use provides licensing precedent, while the scale and configuration allow efficient residential conversion, including Golden Visa–oriented units. A well-defined redevelopment opportunity in a central Athens location at €2.1M for the freehold right, by Cobalt SPI. For information and to arrange a property visit, please call +30 6973305656. [The location of the property on the map, and any address automatically displayed by the platform, are indicative of the neighbourhood alone and do not depict the property's exact address.]