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Investment Building for Sale in Lycabettus, Athens. A rare seven-storey investment building for sale in Lycabettus, Kolonaki, occupying a prominent position in one of the most established and valuable areas of central Athens. Originally developed as a modern office property, the building combines substantial commercial infrastructure, underground parking and excellent potential for repositioning into a high-end residential asset.
Constructed in 1999 and maintained in renovated condition, the property extends across seven above-ground levels, complemented by two underground parking levels. Vehicle access to the underground areas is provided via a dedicated car lift, an important advantage in a central Athens location where private parking is particularly valuable.
The building has been designed to support demanding professional use and includes an emergency backup generator, three-phase electricity supply, central oil heating, air conditioning, security features and dedicated vertical circulation. Its frontage, terraces and established building infrastructure provide a strong foundation for either continued commercial operation or a comprehensive redevelopment strategy.
One of the property's most significant investment characteristics is its potential conversion from office to residential use, creating an opportunity to reposition the building as a collection of contemporary apartments or premium urban residences.
This creates particularly interesting potential for investors or developers seeking to transform an existing commercial building into a residential investment product targeting both the domestic and international property market.
Investment Building for Sale in Lycabettus, Athens. Location Information:
Kolonaki is widely regarded as Athens’ most prestigious residential and commercial district, renowned for its elegant architecture, luxury boutiques, fine dining restaurants, art galleries, museums, and vibrant cafe culture. The neighbourhood attracts diplomats, business executives, international investors, and discerning residents seeking one of the capitals most exclusive addresses.
Located at the foot of Lycabettus Hill, Kolonaki combines cosmopolitan city living with immediate access to green spaces, cultural landmarks, and some of Athens finest shopping destinations. Residents enjoy walking-distance access to Kolonaki Square, Syntagma, the National Garden, embassies, private clinics, and leading educational institutions.
The area is exceptionally well connected through Athens metro network, public transportation, and major road arteries, providing direct access to the Athens Riviera, Piraeus Port, and Athens International Airport.
As one of the most established and resilient property markets in Greece, Kolonaki consistently attracts strong demand from both domestic and international buyers, offering long-term capital appreciation, excellent rental potential, and enduring investment security.
This exceptional residence represents a rare opportunity to secure a premium property in one of the most desirable and internationally recognized locations in Athens.
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