Description
Building for sale in Kallithea. A rare, large-scale commercial asset with a total surface area of 3,650 sq.m., offering substantial redevelopment and value-creation potential in one of Athens’ most active urban districts.
The building consists of a 250 sq.m. semi-basement, while the remaining 3,400 sq.m. are distributed across six levels, including ground floor plus five upper floors.
An elevator serves all levels, ensuring functional vertical circulation and suitability for multiple future uses.
Constructed in 1978, the property presents a solid structural base, ideal for strategic repositioning. Its scale and layout allow for flexible reconfiguration, making it particularly well-suited for conversion into individual residential units.
The asset is considered ideal for the Golden Visa program, with the option to divide the building into separate apartments for sale, addressing strong and sustained demand from international buyers seeking qualifying properties within the Athens urban area.
Located in Kallithea, an area characterized by high density, excellent connectivity, and proximity to central Athens and the coastline, the building benefits from both commercial visibility and residential appeal. This combination strengthens its positioning as a long-term investment with multiple exit strategies.
Overall, this is a high-volume property offering scale, adaptability, and clear redevelopment logic—an opportunity aimed at investors seeking to unlock value through conversion, resale, or structured residential development in a prime metropolitan location.
Building for sale in Kallithea. Location Information:
One of the largest municipalities in Greece, Kallithea is in the south of Athens bordering the Saronic Gulf and Athens’ historic center.
In 2016 Kallithea got a shot in the arm when the Stavros Niarchos Foundation Cultural Centre was unveiled close to the Faliro Bay in the south of the suburb.
This ultramodern facility was designed by Renzo Piano and is made up of a landscaped park around stirring new venues for the Greek National Opera and National Library.
By the water, Kallithea’s waterfront was revitalized at the advent of the 2004 Olympics and has a waterfront plaza, while down in Faliron are cafes and restaurants next to the dazzling superyachts at the Flisvos Marina.
All the while, the timeless Acropolis and the other monuments of ancient Athens are moments on the 550 bus, by tram, or by taxi.
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