Building for Sale

A 1949 neoclassical triple-residence is for sale in the heart of Exarcheia, situated on a 125-square-meter plot. The property consists of a semi-basement (95 sqm), an elevated ground floor (97 sqm), and a first floor (81 sqm), with the total area of the residence amounting to approximately 273 square meters.

In the existing building, there is the possibility of additional construction of an extra 273 sqm, while the lease agreements for the two residences expire within the year 2026.

It is suitable for investment, such as the creation of a small hotel in the heart of Exarcheia or its division and partitioning into smaller apartments with very high returns.

The complex requires renovation, while it can still support an additional 273 square meters of construction on the already existing building.

Finally, there is the option of demolition and the possibility of reconstruction with a floor area ratio (FAR) of 3.6 on the 125-square-meter plot.

Sale Price: 880,000 euros.