Description
Commercial building for sale in Ilioupoli. An exceptional opportunity in the heart of Ilioupoli, this commercial building offers strong investment potential—especially for developers seeking to convert properties into Golden Visa–eligible residential units. The building consists of four levels with a total area of 400 sq.m., with the basement, ground floor, 1st floor, and 2nd floor all measuring 100 sq.m. each, providing clean, efficient floor plates ideal for flexible redevelopment.
Currently used as a foreign-language school, the property benefits from stable rental income, with the tenancy expiring in May 2025, allowing ample time for planning future repositioning.
Its layout and proportions make it perfectly suited for transformation into multiple independent apartments, capitalizing on the growing demand for Golden Visa properties. Located in Ilioupoli—a highly desirable residential area with excellent transportation links, amenities, and strong rental demand—the building offers both immediate value and long-term upside.
Whether maintained as an income-producing commercial asset or redeveloped into a modern residential project, this property stands out as a rare and highly versatile investment opportunity.
Commercial building for sale in Ilioupoli. Location Information:
Athens is a city of different aspects. A walk around the famous historic triangle (Plaka, Thission, Psyri) the old neighborhoods, reveals the coexistence of different eras.
Old mansions, well-preserved ones and other worn down by time. Luxurious department stores and small intimate shops, fancy restaurants, and traditional taverns. All have their place in this city.
The heart of Athens beats in Syntagma Square. Where Parliament and most of the Ministries are. Monastiraki, Kolonaki, and Lycabettus Hill attract thousands of visitors all year round.
A few kilometers from the historic center in Faliro, Glyfada, Voula, and Vouliagmeni, you can enjoy the sea breeze. Or you can head up north and enjoy the fresh air at the more classy neighborhoods of Marousi, Melissia, Vrilissia, and of course Kifisia.
The capital is famous, more than any other European capital, for its nightlife. Athens by night totally changes.
The options for entertainment satisfy all tastes. The famous “bouzoukia” are the leaders in the Athenian entertainment. While the numerous theaters all around Athens offer a different type of entertainment. Athens is a divine city.
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