Development opportunity in Heraklion Crete- From commercial building to luxury residence or Golden Visa investment. ID 2B-1595

Gazi, Heraklion, Greece

€500,000

Description

Development opportunity in Heraklion Crete- From commercial building to luxury residence or Golden Visa investment. Golden Visa Commercial Building for sale in Heraklion. Set within a peaceful natural landscape in the Skafidara Gazi area, along the old National Road of Rethymno–Heraklion, lies a rare investment opportunity with tremendous potential. The property occupies a 6,900 sqm plot and includes a three-storey building of 570 sqm, built in 2005, offering an excellent foundation for full redesign and transformation into a high-end residential or investment project. Originally constructed for commercial use, the building can now be converted into a luxurious private villa, a boutique residential complex, or investment apartments that qualify under the Golden Visa program. The structure requires complete renovation, presenting the perfect chance for a contemporary architectural redesign tailored to modern lifestyle needs and aesthetic standards. The interior layout allows for the creation of multiple bedrooms with en-suite bathrooms, a spacious open-plan living and dining area, a modern kitchen, and large windows that bring in natural light and showcase the serene surroundings. Stepping outside, the vast 6,900 sqm plot opens up endless possibilities. There is ample space for landscaped gardens, a swimming pool, sun terraces, parking areas, or even separate guest units and holiday villas. The property’s wide frontage on a main road further enhances its commercial value, making it equally suitable for business use, such as a gas station, logistics facility, or other enterprises seeking high visibility and easy access. The location is truly strategic. Only a few minutes from Heraklion city center, it enjoys direct access to the National Road and full connection to all essential networks – water, electricity, and sewage. The Skafidara area is known for its tranquility, natural beauty, and proximity to urban amenities, making it ideal for both residential living and tourism development. Nearby are shops, schools, services, and beautiful beaches, while Heraklion International Airport is less than 15 minutes away. The demand in the wider Heraklion region for modern residences and Golden Visa-compliant investments continues to grow, ensuring strong rental yields and high capital appreciation upon redevelopment. This property is a true blank canvas for architects, developers, and investors looking for space, flexibility, and long-term value. A property that combines location, vision, and potential — a rare opportunity in Heraklion Crete for those who see beyond today and invest with foresight. Golden Visa Commercial Building for sale in Heraklion. Location Information: Heraklion Greece is the most popular region of the island and is located on the eastern side of Crete, between Rethymno and Lassithi. The beautiful capital of Heraklion region, Heraklion Town, is one of the busiest city centers in Crete. Heraklion or Iraklion has undergone a significant makeover in recent years because of the city’s increasing prosperity. Infrastructure works have included the redevelopment of the waterfront, improved roads, and a city bypass to ease traffic congestion and maybe the most important much of the historic center has been turned into pleasant pedestrian strips. The Heraklion airport, named after the Cretan writer Nikos Kazantzakis, is one of the biggest in Greece and receives approximately 15% of the total tourist traffic of Greece. Heraklion’s airport is about 5km east of the city. Major car-rental companies have desks at the airport. Taxi and public bus are available for transfer from/to Iraklion.