Building with Two Shops and Four Apartments for sale near Ierapetra.
ID 3B-1177

Building with Two Shops and Four Apartments for sale near Ierapetra. A fantastic investment opportunity in Ierapetra, this mixed-use building of 410sqm with two shops and four apartments in total boasts a prime location just 3 km away from the captivating sea and endless exploitation potential and profit margins.

Situated on a spacious plot of 2.118 sq.m, the building measures a total surface of 410sqm and it comes with an additional 200sqm basement currently used as storage.

Built in 2010, it is in excellent condition. Read more

Building with Two Shops and Four Apartments for sale near Ierapetra. A fantastic investment opportunity in Ierapetra, this mixed-use building of 410sqm with two shops and four apartments in total boasts a prime location just 3 km away from the captivating sea and endless exploitation potential and profit margins.

Situated on a spacious plot of 2.118 sq.m, the building measures a total surface of 410sqm and it comes with an additional 200sqm basement currently used as storage.

Built in 2010, it is in excellent condition.

The ground floor of this building features two separate shops, measuring 98 sq.m and 104 sq.m, respectively. With flexible open-plan layouts, these shops can be easily combined into one expansive space, offering endless possibilities for a thriving business.

In addition to the commercial spaces, this property also comprises four well-designed apartments. Three of these apartments consist of one bedroom, while one offers two bedrooms, providing comfortable living spaces for residents.

Ranging in size from 35 sq.m to 65 sq.m, these apartments are currently rented out, generating a total monthly income of 1,000 euros.

Furthermore, the property includes a basement of approximately 200 sq.m, which serves as convenient storage space. This additional area adds immense value to the property, allowing for ample storage or the potential to transform the space to suit various needs.

Ierapetra is renowned as the southernmost town in Europe. Boasting stunning natural landscapes and crystal-clear beaches, Ierapetra offers an idyllic setting for both residents and tourists. With its charming atmosphere, rich history, and vibrant local culture, this coastal town is a beloved destination for those seeking a tranquil and picturesque Mediterranean lifestyle.

Don't miss out on this incredible opportunity to own a prime property in Ierapetra, ideal for both investment and residential purposes. Contact us now to arrange a viewing and secure your future in southern Crete.

Building with Two Shops and Four Apartments for sale near Ierapetra Location Information:

Ierapetra is in southeast Crete, in an extremely strategic position controlling the south coast of Crete and the Libyan Sea.

Favoured both by position and by nature, Ierapetra has always been an important centre of the island. It has grown into the largest town in south Crete and a major tourist destination. When you visit it you will find a lively, active town – much more so than Agios Nikolaos or Sitia.

What makes Ierapetra stand out is that it has the highest average of sunny days and the highest temperatures in Crete and Greece, with an annual average of 20 C.

Ierapetra is a town which has everything in abundance, but the one thing you won’t need here is an umbrella, since it rarely rains. According to the experts, the mountains of West and Central Crete act as barriers, stopping the clouds on their way to Ierapetra.

Ierapetra is one of the most fertile areas in Greece, and therefore one of the most productive. Its inhabitants mainly cultivate greenhouse fruit and vegetables, exporting them to many European countries.

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