Description
Building for sale in Pasalimani Kastella. This entire building for sale in Pasalimani, Kastella, presents a rare investment opportunity in one of the most sought-after and high-demand coastal locations of Piraeus, just 100 meters from Marina Zeas. With a total surface of 270 sq.m., the property unfolds across three independent horizontal units, each with its own separate entrance, offering immediate flexibility for redevelopment and income generation.
Internally, the building consists of three distinct residences distributed over three levels.
The ground floor (80 sq.m.) includes access to a private courtyard, creating an attractive feature for future tenants or short-term guests.
The elevated ground floor (95 sq.m.) offers a well-proportioned layout with access to a balcony, while the first floor (95 sq.m.) benefits from both a balcony and direct access to the rooftop terrace, enhancing its value and usability.
In total, the property includes three kitchens, three living areas, three bathrooms, and two additional WC spaces, allowing for multiple configuration scenarios depending on the investment strategy.
Constructed in 1960 and currently in need of renovation, the building provides a clean structural canvas for repositioning.
The absence of heating allows full redesign based on modern standards, while its layout and multiple entrances make it ideal for conversion into separate apartments, boutique rental units, or a hybrid hospitality concept.
The property is located within a residential zone and does not require an energy performance certificate in its current state.
Externally, the true strength of this asset lies in its location. Situated in Pasalimani, one of the most vibrant and consistently demanded areas of Piraeus, the property is surrounded by restaurants, cafés, marina life, and year-round activity.
Being only 100 meters from Marina Zeas places it within immediate walking distance of the waterfront, significantly increasing its appeal for both short-term rental platforms such as Airbnb and long-term tenants seeking lifestyle-oriented living.
This is not simply a building in need of renovation. It is a repositioning opportunity in a prime coastal micro-market, where location scarcity, tourism flow, and urban demand converge.
With the right concept and execution, it can be transformed into a high-yield asset with strong and sustainable returns.
Building for sale in Pasalimani Kastella. Location Information:
Located in the southeast of Greece, Piraeus is home to Europe’s biggest passenger port and as such is a huge draw for cruise ships from around the world bringing tourists eager to explore this centuries-old city.
With a population of more than 160,000, Piraeus has many attractions to fill an entire vacation including religious and historic landmarks and fantastic restaurants.
But yet another major draw is the fact that it’s easy to visit Athens because it’s located nearby. The Greek capital city of Athens is just 12 kilometers (7 miles) from Piraeus.
Piraeus today is the main port of Athens, the biggest port in Greece, one of the leading ports in the Mediterranean, and an important center of merchant marine, industry, and transportation.
Piraeus port is the chief exit point from the city by sea for destinations amongst the Aegean Islands and elsewhere in the East Mediterranean. Domestic destinations include all of the Aegean islands.
The port in Piraeus is also used by several European cruise companies to welcome visitors to Greece. The centers of Piraeus are its three parts: the central port, the Zea Marina, and Mikrolimano.
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