Building for Sale

Building for Sale in the Old Town of Rhodes An exceptional mixed-use investment in the very heart of the Old Town of Rhodes, this property brings together a fully established food and beverage business with residential and short-term accommodation use, all within a single, unified asset. Offered in its entirety, it represents a rare turnkey opportunity with multiple, complementary income streams in one of the Mediterranean’s most visited and historically significant destinations. Originally built in 1961 and comprehensively renovated in 2012, the building has been meticulously maintained. The upper-floor guest rooms were fully upgraded in 2025, elevating the accommodation component to modern hospitality standards. The business operates seasonally from April to November and employs 10–12 staff members during peak months, reflecting a mature, proven, and scalable operating model. Set on a 260 sq.m. plot, the property offers approximately 250 sq.m. of built area, enhanced by generous outdoor seating spaces that benefit from constant pedestrian flow and exceptional visibility within the Old Town. The ground-floor commercial unit accommodates around 120 guests and is arranged across a 34.5 sq.m. communal area, a 37 sq.m. internal seating space, and approximately 105 sq.m. of outdoor seating. An additional 16 sq.m. seating area extends directly onto the central square, creating a commanding frontage in one of the Old Town’s most vibrant and high-traffic locations. Supporting facilities include two WC areas totaling 4 sq.m. and a 25 sq.m. storage room, ensuring professional back-of-house functionality and smooth day-to-day operations. The business holds multiple operating licenses, allowing use as a restaurant, pizzeria (without preparation kitchen), snack bar, cafeteria, and rotisserie. This regulatory breadth offers exceptional flexibility in concept, branding, and future repositioning, whether continuing the current model or introducing a new hospitality vision. Also on the ground floor is a 100 sq.m. residential unit (construction year 1960), comprising three large rooms, a kitchen, and a bathroom with shower. The residence features a fireplace and one air-conditioning unit. All rooms connect through a central hall, at the entrance of which a reception area serves the guest rooms above, forming a cohesive and efficient hospitality layout. The upper floor consists of six rental rooms, built in 1986 and fully renovated in 2025. Three rooms overlook the central square, while three are positioned at the rear of the building, each measuring approximately 16–18 sq.m. During the operating season, these rooms achieve average nightly rates of around €100, demonstrating strong demand and consistent performance within the Old Town accommodation market. This property stands as a strategic, income-generating asset in the Old Town of Rhodes, uniting licensed F&B operations, residential use, and short-term accommodation within a single, character-rich building. Its square-side location, decades-long operating history, full licensing framework, and diversified revenue profile position it as a compelling acquisition for investors seeking a proven hospitality platform with immediate income and long-term upside in a UNESCO-listed destination of enduring global appeal. PROPERTY ID: RB-1645 Ktimatoemporiki Real Estate contact phone: 2241029006, 2150000250, 2821056600 email: info@ktimatoemporiki.gr website: http://ktimatoemporiki.gr