Building in Kypseli for sale. ID AB-1648

Kypseli, Athens, Greece

€1,500,000

Description

Building in Kypseli for sale. This exceptional building of 450 sq.m. in Kypseli represents a rare urban asset, positioned just 60 meters from the upcoming metro station—an infrastructure upgrade that will decisively redefine the area’s commercial and investment dynamics. Set within a residential zone and offered for sale as an investment property, the building unfolds across three levels and provides a powerful foundation for transformation. The interior is structured with absolute clarity and flexibility: 150 sq.m. of semi-basement space with natural light through windows opening onto the courtyard, 150 sq.m. on the ground floor, and 150 sq.m. on the first floor. The total built area reaches 450 sq.m., arranged over three levels, with the main access at ground-floor level. The property requires full renovation, offering the rare advantage of complete creative freedom—allowing a future owner to shape offices, medical practices, educational hubs, boutique hospitality, or a mixed-use concept aligned with modern urban demand. The building is exempt from the mandatory issuance of an Energy Performance Certificate (PEA), further simplifying the development process. Externally, the property offers assets that are almost impossible to find in central Athens: a private courtyard of 50 sq.m. and a generous rooftop terrace of 150 sq.m. These outdoor spaces can be transformed into green lounges, social zones, or premium breakout areas, dramatically elevating both the functional and commercial value of the project. The transfer of building coefficient is negotiable, adding an additional strategic layer for investors and developers seeking long-term upside. Only after understanding its scale and potential does the building reveal its deeper identity. It is a stone-built creation of the distinguished architect Konstantinidis, carrying architectural gravitas and timeless character. The ceilings feature refined decorative elements, reflecting an era of craftsmanship that cannot be replicated today and offering a cultural dimension that elevates the property beyond conventional real estate. In a district on the verge of transformation, this is not merely a building for sale. It is a platform for vision—where architecture, location, and future infrastructure converge into a singular investment opportunity in the heart of Kypseli. Building in Kypseli for sale. Location Information: Kypseli is a neighborhood in central Athens, Greece. It occupies much of the 6th municipal department of the City of Athens. When you walk through the streets of Kypseli the first thing you’ll notice is the remarkable mix of architectural styles, from crumbling neoclassical mansions to striking Bauhaus designs with rounded balconies and graphic front doors. And pretty soon you’ll notice that the neighborhood’s residents match this eclecticism, too. More recently, the city’s artist community has also begun making it their home, attracted by its close proximity to the center. The city’s first-ever artist residency, Snehta, was founded here, and the rotating mixture of international artists put on regular exhibitions in its space at I Drossopoulou 47. The surrounding streets are a mixture of old-world Greek life and modern multiculturalism. Old men sit playing dominoes outside traditional ouzeries, and restaurants, kebab houses, and bars can all be found nearby.