Building for Sale

Exclusive Listing by Our Office

A unique investment building is available for sale within the city of Agios Nikolaos, Lasithi, in an exceptional location just 20 meters from the sandy beach of Agios Nikolaos Marina and within immediate proximity to the commercial and tourist center of the town.

The property extends over 6 levels with a total built area of 850 sq.m., situated on a 280 sq.m. plot. It was constructed in 1982 under specifications for furnished tourist apartments and operated as such until 2000. The building features spacious common areas, a reception lounge and an elevator.

Layout Distribution:

Basement: Storage areas, boiler room, mechanical room

Ground Floor: Commercial shop and 3 apartments

1st Floor: 3 apartments

2nd Floor: 3 apartments

3rd Floor: 2 apartments

4th Floor: 1 apartment

The property consists of 12 rented apartments generating income, most of which are dual-aspect units with balconies. Each unit constitutes a separate horizontal property title, offering significant flexibility to the investor in terms of asset management, resale strategy and future capital appreciation.

Potential Use Changes & Investment Yield

The building offers multiple high-return investment scenarios:

Boutique hotel or aparthotel, reactivating its original tourism use with the development of modern hospitality units.

Serviced apartments / short-term rentals, ideal for Airbnb and international platforms in one of Crete’s most touristic destinations.

Conversion into luxury urban apartments with individual resale per unit, leveraging the existing separate horizontal ownership structure.

Hybrid concept (mixed-use) with touristic residences on upper floors and commercial exploitation of the ground floor or conversion into an additional residential unit.

Possibility of converting the ground-floor shop into an additional apartment, increasing the net sellable/usable area.

Its prime seaside position, immediate access to the city center and the structural layout of the building make it an outstanding investment opportunity with multiple strategic exploitation options and strong capital appreciation potential.

Immediately available.

Property Code: ID 5192
RE/MAX Real www.remaxreal.gr Remax real 1: Heraklion, Crete, Sofokli Venizelou Avenue 107-109, 71303 Phone: +30 2810370598 Mobile: +30 6981465554 Email: info@remaxreal.gr Remax real 2: Agios Nikolaos , Themistokleous 6 , 72100 Phone: 2841181240 Mobile: +30 6981465554 Email: agiosnikolaos@remaxreal.gr We are at your disposal for any additional information and to schedule a visit to the property. Contact us today to find the property you have always dreamed of!