Building for sale in Neos Kosmos. ID AB-1614

Neos Kosmos, Athens, Greece

€360,000

Description

Building for sale in Neos Kosmos. An exceptional investment opportunity in one of Athens’ most dynamic and fast-developing districts. This 3-storey building, located just moments from Syngrou Avenue in the sought-after neighbourhood of Neos Kosmos, offers outstanding potential for redevelopment, long-term rental income, or short-stay hospitality. The property features a total built area of 242 sqm on a 140 sqm plot and comes with fully approved architectural plans for the creation of 5–6 modern apartments, providing immediate development capability. The building is incomplete, giving the investor full flexibility to shape the final layout, finishes, and interior design according to market demand. With its EPC Category A (33%–50%), the building already aligns with modern energy-efficiency standards. It spans 3 levels, enjoys an east orientation, and is set within a residential zone, ensuring a strong and stable environment for future tenants or guests. A major advantage is the licensed potential to construct an additional floor on the rooftop, allowing for further increase in usable area and profitability. The property is highly versatile and can seamlessly accommodate a wide range of uses, including long-term rentals, short-term stays (Airbnb), student housing, city apartments, or holiday residences — making it a compelling and flexible investment for any development strategy. Located just minutes away from cafés, markets, public transport, and the cultural axis connecting Neos Kosmos with the Acropolis, Koukaki, and the vibrant Syngrou Avenue developments, this building offers strong demand, high ROI potential, and long-term value in a rapidly rising neighbourhood. A standout redevelopment opportunity in one of Athens’ fastest-growing areas. Building for sale in Neos Kosmos. Location Information: Neos Kosmos is ideally located between the center of Athens and the sea, just 5 minutes away from Syntagma Square, the Acropolis, Plaka and from Flisvos Marina. An up-and-coming yet family-friendly neighborhood, it is preferred by the younger generation due to its proximity to Panteion University. Neos Kosmos is home to several 5-star hotels as well as businesses, due to its central location and easy access to public transportation and the city center. Two of Athens’ most dynamic cultural venues. The Onassis Cultural Centre and the sprawling Stavros Niarchos Cultural Centre, home to the National Opera and the National Library, are just 5 minutes away. Neos Kosmos is a lovely city quarter in Athens, right next to the suburb of Nea Smyrni. Located about 3 km from the center of Athens, Nea Smyrni is the second most densely populated area of the city after its neighbor Kalithea across Syngrou Avenue. The main square of Nea Smyrni is said to be the largest square in the Balkans. It is very lively, full of people every afternoon and all day at the weekends. Many cafes, restaurants, and shops concentrated in this nice pedestrian environment, make this square attractive to many non-residents of Nea Smyrni, who come from the neighboring areas of Faliro, Neos Kosmos, Kallithea, and others for coffee, drinks, or food. There are several man-made lakes/pools and fountains and the Athens Tram stops right at the top of the square.