Description

Building for sale in Ano Patisia. A rare opportunity to acquire a standalone, multi-level commercial building with a total built area of 2,400 sq.m., located within an urban zone offering open horizons and unobstructed views towards a river, a feature of notable added value for hospitality or residential repositioning. The property is developed across six levels, including a basement, ground floor, mezzanine, and first, second, and third floors. Each level consists of large, open, column-free floor plates of approximately 400 sq.m., allowing for flexible space planning and efficient conversion into a variety of end uses. The existing structural configuration significantly reduces required CAPEX for change-of-use projects. The building is situated on a 700 sq.m. plot and benefits from multiple parking spaces, direct access via asphalt road, and a dedicated loading and unloading ramp with immediate connection to the interior. Vertical circulation is served by two elevators, including a large-capacity unit suitable for accessibility requirements and equipment transfer, as well as a passenger elevator. The infrastructure has been designed to support intensive professional use, with industrial-grade power supply, generous openings, and ample natural light throughout all levels. One of the property’s most distinctive characteristics is its unobstructed river view, a natural element that substantially enhances both experiential quality and commercial appeal, particularly in hospitality or residential conversion scenarios. This feature, combined with the building’s scale and layout, positions it as a strong candidate for value-driven redevelopment. The asset lends itself to repositioning into a boutique hotel, serviced apartments, student housing, an educational or training institution, or a mixed-use scheme combining offices with hospitality. Architectural and functional interventions can be implemented without heavy structural works, including the potential creation of underground parking using the existing ramp, the addition of balconies on the main façades to upgrade the architectural profile, internal reconfiguration of floor plans, and a comprehensive façade enhancement to increase market value. From an investment perspective, the property represents a strong value-add opportunity with reduced construction and execution risk due to its existing infrastructure. It is suitable for operator-driven development models, while the combination of river views, building volume, and flexible layout supports improved ADR levels or rental performance in hospitality and residential use cases. Additional property information includes a total of seven bathrooms and seven WCs, central heating via oil, monthly common expenses of approximately €300, and exemption from mandatory EPC issuance. The building was originally constructed in 1990, is presented in renovated condition, is located within a residential zoning area, and maintains a street-facing orientation. Overall, this is a sizable and adaptable urban asset with clear repositioning potential, offering scale, natural views, and structural flexibility within the Athens metropolitan area. Building for sale in Ano Patisia. Location Information: Patisia or Patissia is a neighborhood of central Athens, Greece. It is split into two neighborhoods: Ano Patisia (upper Patisia) and Kato Patisia (lower Patisia). The main streets of Patisia are Patision Av. and Acharnon Av. Ano Patisia is the northern, upper part of Patisia. The old aristocratic districts of Kipseli and Patisia experienced unprecedented glamor. It was here that they built the most beautiful apartment buildings in Athens, real jewels of architecture, and some of them still survive. It was considered that it was very privileged to live in Kipseli and Patisia. 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 Athenian entertainment. While the numerous theaters all around Athens offer a different type of entertainment. Athens is a divine city.

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