Built in 1930, this magnificent heritage building spanning 334 sq.m. offers an exceptional investment opportunity in the vibrant heart of Athens. Located in Agios Panteleimonas, at the intersection of Patision and Acharnon Avenues, this neoclassical property combines classic aesthetics with significant development potential. Set on a 180 sq.m. plot, the building features three levels, 6 adaptable bedrooms, 4 bathrooms, 2 spacious living rooms, and 2 functional kitchens, complemented by central oil heating, built-in wardrobes, and authentic mosaic and wood floors.
With positively approved architectural plans for reconstruction and conversion into 10 luxurious boutique suites, this property is ideally positioned for high-yield tourist exploitation, short-term rentals, or versatile professional use. Its exceptionally central location provides direct access to extensive public transport networks, vibrant shops, and essential local amenities, while offering bright, airy spaces with unlimited views. This rare offering, priced at €550,000, embodies a secure investment in an area undergoing continuous development and may qualify for a renewable Greek residence permit, making it a prime choice for discerning international investors.