Building for sale in Psyrri. ID AB-1597

Psyri, Athens, Greece

€4,700,000

Description

Building for sale in Psyrri. In the heart of Athens, a rare full apartment building of approximately 2,650sqm is offered for sale. It consists of 18 independent units (horizontal ownerships) and is legally fully settled, both notarially and urban-planning wise, making it immediately ready for contract and transfer with no pending legalization issues. The building spreads across 6 levels on a 380sqm land plot, offering a solid and versatile structure. It is a 1958 construction, featuring storage areas, rooftop levels and penthouse elements, and the building holds Energy Class A. Heating is not installed, allowing the buyer to design and apply their own customized heating solutions, depending on the desired use. This is a strategic opportunity for an investor who wants to reposition, renovate, or operate a residential asset in the center of Athens — whether for long-term rental, boutique apartment units, student housing or short-stay hospitality model. Full ownership, large usable surface, strong volumetrics and immediate title clarity are the most valuable elements that make this asset stand out. Properties of this scale rarely enter the market fully legalized and ready for contract. For an investor that understands opportunity in square meters, this building is not just real estate — it is a platform waiting to be transformed into cashflow and future capital appreciation. Building for sale in Psyrri. Location Information: A colorful neighborhood that received a facelift before the Olympic Games in 2004, Psyrri is a gentrified district in central Athens. Filled with fashionable bars, hip restaurants, and a vibrant nightlife, Psyrri is a fun area to explore by day or by night. As you make your way through this colourful area, you will come across hipster-approved bars, cool eateries and cafes, but don’t forget that the strength of Psyrri is definitely its bars, catering to all tastes and style. However, Psyrri’s most striking feature is that it is a real open-air street art gallery. Covering walls, store and house facades, parking lots and everything in between, graffiti is everywhere in Psyrri. From colourful murals covering an entire facade to small doodles, you will see it all. While some have no artistic value, others convey a message or adorn the walls with a sense of beauty. Don’t forget to drop by Louka Nika Street, a small yet colourful backstreet where a street art festival is organized by next-door hotel, Heart of Athens. Today, the street is filled with bright murals, which change periodically and it is the perfect backdrop for a fun selfie session with your buddies. But Psyrri is more than just street art central. It is also home to several interesting art galleries, such as AD Gallery and Sarri 12, where you can discover the local contemporary art scene. You can also uncover small factories, storage stores and shops selling leather, boxes of all shapes and sizes and even some with all sorts of things like baskets, wicker chairs and ropes. Fashionistas and alternative crowds enjoy the plethora of Psyrri’s vintage and second-hand stores, while a tranquil walk around the area will always allow you to discover unexpected hidden gems and quaint cafes.