Investment Property with Parking for 100 Cars and Three Houses in Rethymno Old Town.
ID 1C-167

Investment Property with Parking for 100 Cars and Three Houses in the Heart of Rethymno Old Town. A prime development asset offering parking for 100 cars, three existing houses and 800 m² of buildable potential.

This rare, high-value investment property in the heart of Rethymno Old Town combines land scale, excellent accessibility, multiple existing structures and one of the most valuable advantages in any historic centre: the capacity to accommodate up to 100 cars. This factor alone makes it one of the most commercially attractive assets currently available in Crete.

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Investment Property with Parking for 100 Cars and Three Houses in the Heart of Rethymno Old Town. A prime development asset offering parking for 100 cars, three existing houses and 800 m² of buildable potential.

This rare, high-value investment property in the heart of Rethymno Old Town combines land scale, excellent accessibility, multiple existing structures and one of the most valuable advantages in any historic centre: the capacity to accommodate up to 100 cars. This factor alone makes it one of the most commercially attractive assets currently available in Crete.

Set on a 551.64 m² plot with an impressive 48.17 m street frontage, the property occupies one of the busiest, most walkable and commercially active points of the Old Town. The area experiences strong year-round tourism, consistent foot traffic and extremely limited parking availability, significantly increasing the property’s strategic value. Suitable uses include boutique hotel development, serviced apartments, premium parking operations, mixed-use commercial projects, hospitality concepts, F&B venues and high-yield rental investment.

The ability to host up to 100 vehicles is a unique and extremely rare offering in any historic city centre. It ensures stable and high-demand commercial activity, steady revenue generation and ideal conditions for a hospitality, retail or mixed-use development. This advantage cannot be replicated anywhere else in Rethymno Old Town.

The property offers 800 m² of buildable area for commercial purposes. It is suitable for hotel or boutique hospitality, a retail and dining complex, office spaces, short-stay units or a landmark mixed-use development.

There are already 312.31 m² of existing buildings on the site, offering immediate usability or renovation potential. The main residence, known as Building A, consists of a ground floor of 107.65 m² and a basement of 51.16 m². Upon entering, the house opens into a dining and living area. To the right, there is a large master bedroom, a second bedroom, a kitchen with dining space, a bathroom, a storage room and a door leading directly to the garden. An internal staircase leads to the upper floor, which includes an additional bedroom, a bathroom and access to a large terrace. This residence can easily be divided into two independent apartments, making it ideal for rentals or boutique hospitality.

Building B is a smaller two-level house, with 67.27 m² on the ground floor and 47.58 m² on the upper level. It includes a large en-suite bedroom, a kitchen, living area and air conditioning. It is well suited for guest accommodation, short-term rentals or staff housing.

Building C consists of several auxiliary structures that support storage, workshop or service functions. These include a ground-floor auxiliary space of 7.24 m², an upper-floor auxiliary space of 40.32 m², an additional auxiliary space of 24.20 m² and another auxiliary space of 24.42 m².

The former café, a two- story building,  includes a basement and a ground floor. It is suitable for conversion into a café, shop, office or other small commercial use, adding further commercial versatility to the property.

Key advantages of the asset include its premium central location in Rethymno Old Town, its 48 m street frontage, the exceptional parking capacity for 100 cars, its 800 m² buildable potential, the existence of 312 m² of built structures and its strong year-round commercial and tourism demand. Its redevelopment potential is exceptional, making it ideal for investors, developers and commercial operators. With its rare combination of features, this is one of the strongest investment opportunities currently available in Rethymno.

Rethymnon itself is a destination of charm and heritage. Nestled between rugged mountains and the sparkling Mediterranean, it captures visitors with its warm atmosphere and deep cultural identity. Renaissance aesthetics blend with Cretan traditions, and the Old Town unfolds like a storybook of Venetian and Ottoman influences. Stone-paved streets, arched doorways, colourful courtyards and restored façades create a magical setting that feels timeless.

The city also offers a remarkable 12 km coastline stretching from the harbour to Scaleta, with soft golden sand and shimmering blue waters. Whether strolling along the waterfront or exploring the quieter edges, the scenery remains consistently captivating.

Rethymnon is a vibrant and authentic community, balancing heritage with sustainable development. Local initiatives preserve its character while promoting culture, gastronomy and year-round tourism. Time seems to slow here—whether enjoying a Greek coffee by the sea or watching the sunset over the historic fortress, the city leaves a lasting impression. More than a destination, it offers a feeling that stays with you.

Investment Property with Parking for 100 Cars and Three Houses in the Heart of Rethymno Old Town. Location information:

Tucked between rugged mountains and the sparkling Mediterranean, Rethymnon instantly captures hearts with its charm. From the moment you arrive, the warm energy of the city wraps around you like a hug. Here, Renaissance beauty blends seamlessly with deep Cretan traditions, while the locals welcome you like old friends.

As you explore, the Old Town unfolds like a storybook, with Venetian and Ottoman influences around every corner. Over time, the stone-paved streets have preserved their magic, so that walking through them feels like stepping into the past. Thanks to ongoing restoration, history comes alive through arched doorways, bustling markets, and hidden flower-filled courtyards.

Meanwhile, the 12 km golden coastline beckons with its soft, powdery sand. Whether youre strolling barefoot near the harbor or venturing toward Scaleta, the beach dazzles with every step. On one side, the sea glimmers in blues; on the other, the city’s skyline completes the view.

But Rethymnon is more than just beauty—it’s a living, breathing community. Because of dedicated local efforts, the city honors its past while embracing sustainable growth. From lively cultural festivals to cozy family-run tavernas, authenticity shines in every detail.

In the end, time seems to slow down here. Whether youre sipping strong Greek coffee by the waterfront or watching the sunset over the fortress, Rethymnon stays with you. It’s not just a place—it’s a feeling. Come, let its magic sweep you away.