Building for sale in Athens city center.
ID AB-1210

Building for sale in Athens city center.

This historic building of 3,100 sqm with 82 rooms is located in the very heart of Athens and represents a rare and highly flexible investment opportunity, offering multiple redevelopment and exploitation scenarios.

Situated in one of the city’s most vibrant and active districts, the property benefits from immediate access to restaurants, cafés, bars, retail areas, and excellent public transportation. All major commercial, cultural, and lifestyle destinations are within walking distance, making the location particularly attractive for both tourism and urban living concepts. Read more

Building for sale in Athens city center.

This historic building of 3,100 sqm with 82 rooms is located in the very heart of Athens and represents a rare and highly flexible investment opportunity, offering multiple redevelopment and exploitation scenarios.

Situated in one of the city’s most vibrant and active districts, the property benefits from immediate access to restaurants, cafés, bars, retail areas, and excellent public transportation. All major commercial, cultural, and lifestyle destinations are within walking distance, making the location particularly attractive for both tourism and urban living concepts.

The building previously operated as a historic 4-star hotel and featured a full range of hospitality facilities, including a welcoming reception area on the ground floor, lounge bar, café, conference room, and a restaurant located on the mezzanine level.

In total, the property comprises 82 rooms accommodating 157 beds. Specifically, it consists of 69 double rooms and 13 single rooms. The operational infrastructure includes a fully equipped kitchen and laundry facilities, supporting large-scale hospitality use.

The building is developed on a private plot of 480 sqm and extends across a 300 sqm basement, ground floor, mezzanine, and seven floors above ground. All rooms are equipped with air conditioning.

The hotel is currently closed and not in operation, offering investors a clear and unrestricted framework for repositioning, renovation, or complete transformation based on their strategic vision.

Originally constructed in 1967 and renovated in 2002, the property operated successfully as a 4-star hotel. Today, it requires renovation to be restored to its former hospitality standard or alternatively converted into a high-performing apartment building, serviced residences, or mixed-use urban asset.

A well-planned redevelopment would fully unlock the inherent potential of the property, capitalizing on its scale, layout, and exceptional central location.

This closed historic hotel for sale constitutes a unique opportunity to acquire a substantial asset in central Athens—combining architectural presence, redevelopment flexibility, and strong long-term value creation prospects in one of Europe’s most resilient urban markets.

 

Building for sale in Athens city center. Location Information:

Athens: The city with the most glorious history in the world, a city worshipped by gods and people, a magical city. The enchanting capital of Greece has always been a birthplace for civilization. It is the city where democracy was born and most of the wise men of ancient times. The most important civilization of ancient world flourished in Athens and relives through some of the world’s most formidable edifices.

Athens is a city of different aspects. A walk around the famous historic triangle (Plaka, Thission, Psyri) the old neighborhoods, reveal 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 the Athenian entertainment. While the numerous theaters all around Athens offer a different type of entertainment. Athens is a divine city. Let it enchant you.

You may visit our Golden Visa page, https://greek-golden-visa.com/ for detailed information regarding the procedure of applying and obtaining the Greek Golden Visa, as well as all its benefits.