Description
Building for sale in Old Town Rhodes. A rare mixed-use investment property located in the heart of the Old Town of Rhodes, combining an established food & beverage operation with residential and short-term accommodation use. The entire building is offered for sale as a single asset, presenting a turnkey opportunity with multiple income streams in one of Greece’s most visited historic destinations.
Originally constructed in 1961 and comprehensively renovated in 2012, the property has been consistently maintained, with the upper-floor guest rooms fully renovated in 2025. The business operates seasonally from April to November and employs 10–12 staff members during peak season.
Set on a 260 sq.m. plot, the property offers approximately 250 sq.m. of total built area, complemented by extensive outdoor seating areas.
The ground-floor commercial unit, with a capacity of approximately 120 seats, 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, further enhanced by an additional 16 sq.m. seating area directly on the central square.
Supporting areas include two WC facilities (4 sq.m.) and a 25 sq.m. storage room, ensuring smooth and efficient daily operation.
The business holds multiple operating licenses, allowing use as a restaurant, pizzeria (without preparation kitchen), snack bar, cafeteria, and rotisserie, offering exceptional flexibility in concept and positioning.
Also on the ground floor is a 100 sq.m. residential unit (construction year 1960), consisting of three large rooms, a kitchen, and a bathroom with shower.
The residence features a fireplace and one air-conditioning unit, while all rooms are connected through a central hall, at the entrance of which a reception area is positioned to serve the guest rooms on the upper level.
The upper floor comprises six rental rooms, built in 1986 and fully renovated in 2025. Three rooms face the central square, while three are positioned at the rear of the property, each measuring approximately 16–18 sq.m. During the operating season, the rooms achieve rental rates of approximately €100 per night, reflecting strong demand and consistent performance within the Old Town hospitality market.
Overall, this property represents a highly strategic asset in the Old Town of Rhodes, combining licensed F&B operations, residential use, and income-producing accommodation within a single building.
Its prime square-side location, established seasonal business, full licensing, and diversified revenue profile make it an exceptional opportunity for investors seeking a proven model with long-term upside in a UNESCO-listed destination of global appeal.
Building for sale in Old Town Rhodes. Location Information:
Rhodes combines cosmopolitan vibes with medieval architecture in a unique way!
The natural landscape, imposing buildings, ancient towns and picturesque villages meet amazing beaches, fashion boutiques, top restaurants, and dance clubs. No wonder why Rhodes Greece never fails to surprise travelers from all over the world!
Rhodes (or Rodos) is an island in the Aegean Sea, the largest of the Dodecanese Island complex. It is located at the southeastern edge of the archipelagos of the Dodecanese, facing the shores of Asia Minor, which are about 9-10 kilometers away.
The population of the island exceeds 115.000 of which about 50.000 live in the capital city, and it covers an area of 1401 square kilometers. It is the 4th largest and one of the most beautiful Greek islands.
The landscape of Rhodes mainly comprises of hills and low mountains, which in their majority are covered with forests. The climate of Rhodes is subtropical and considered very healthy.
Refreshing westerly winds moderate the summer heat, while the winter is nearly always mild, with long periods of sunshine.
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