Building for sale in Exarchia. ID AB-1557

Exarcheia, Athens, Greece

€550,000

Description

Building for sale in Exarchia. In the heart of Exarchia, just steps from the upcoming metro station and the historic Polytechnio, this autonomous 390 sqm building presents an extraordinary opportunity for investors and visionaries alike. Set on a 150 sqm plot, it currently spans a semi-basement, elevated ground floor, and one upper floor—each measuring 132 sqm—offering total flexibility for future development. While the structure requires full renovation, the real value lies in its vast potential. Even more importantly, the cost of the new building reconstucture permit is already included in the price, with all architectural, structural, and mechanical fees fully paid—saving you both time and planning costs. The approved redevelopment plan involves a radical renovation of the existing structure, full seismic reinforcement, and the addition of three brand-new floors. This allows for the full exploitation of the building’s development rights and transforms the property into a high-yield asset in one of Athens’ most lively and culturally significant neighborhoods. Exarchia is no longer just a historic and intellectual hub—it is rapidly transforming into one of Athens’ most exciting districts for investment. Once known for its alternative culture, the area is now drawing local and international attention thanks to the upcoming metro station, the revival of Stefi Hill, and future plans to unify the Archaeological Museum with the Polytechnio. All of this is set to fuel sharp property value growth in the coming years. The location of this building is second to none. Less than 100 meters from the future metro station and surrounded by cultural landmarks, it stands right where the energy of change is strongest. The autonomy of the property means complete control over use, layout, and potential income—a rare freedom in central Athens. This building is ideal for a range of uses. You could create a retro-style boutique hotel, luxury suites, or rental apartments for short- or long-term leases. The setup also allows for the development and sale of compact, design-forward residences aimed at a targeted urban audience. Whether you choose to renovate the existing structure or reinforce and expand with three additional floors, the possibilities here are as inspiring as the neighborhood itself. With the groundwork done and the area poised for growth, this is a unique chance to own a piece of Athens in one of its most up-and-coming zones—where past and future meet with powerful momentum. Building for for sale in Exarchia. Location information: Exarchia is one of the most authentic and liveliest areas in central Athens. It is located between Omonia and Panepistimiou Avenue. The small neighborhood boasts cozy cafes and traditional Greek taverns. These spots serve delicious meals to visitors daily. Additionally, small restaurants known as mezedopolia tuck themselves away in narrow streets. They offer live Greek music, making them perfect for enjoying folklore tunes. Moreover, underground bars and nightclubs cater to all music tastes. During the 1960s and 1970s, Exarchia was the cultural heart of the city. Many Greek artists, poets, and writers lived there at the time. Nowadays, it has transformed into a fashionable and easy-going area. Young people especially find it very appealing. Transitioning from its past, Exarchia retains its vibrant charm. Therefore, it continues to attract diverse crowds. People can explore its rich history while enjoying modern amenities. Furthermore, the neighborhood’s lively atmosphere remains unmatched. Visitors often feel its unique energy upon arrival. Consequently, Exarchia stands out as a must-visit destination. Its blend of tradition and modernity captivates everyone who visits. You may visit https://greek-golden-visa.com/ for details on the application process and benefits of obtaining the Greek Golden Visa.