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Building for sale in Piraeus.
ID AB-1568
3.500.000€
Description
Building for sale in Piraeus. In the heart of Kaminia, a rapidly developing neighborhood of Piraeus, this 5-story commercial building with a total surface of 2,937 sq.m. presents a prime investment opportunity with direct alignment to Greece’s Golden Visa program.
Just minutes from the bustling Port of Piraeus and with excellent access to Metro Lines 1 and 3, the building is ideally located for both international investors and long-term urban tenants.
The existing structure is suitable for full residential conversion, with an approved architectural and renovation study already in place for the development of 50 modern apartments ranging from 35 to 50 sq.m. each.
Just minutes from the bustling Port of Piraeus and with excellent access to Metro Lines 1 and 3, the building is ideally located for both international investors and long-term urban tenants.
The existing structure is suitable for full residential conversion, with an approved architectural and renovation study already in place for the development of 50 modern apartments ranging from 35 to 50 sq.m. each.
Building for sale in Piraeus. In the heart of Kaminia, a rapidly developing neighborhood of Piraeus, this 5-story commercial building with a total surface of 2,937 sq.m. presents a prime investment opportunity with direct alignment to Greece’s Golden Visa program.
Just minutes from the bustling Port of Piraeus and with excellent access to Metro Lines 1 and 3, the building is ideally located for both international investors and long-term urban tenants.
The existing structure is suitable for full residential conversion, with an approved architectural and renovation study already in place for the development of 50 modern apartments ranging from 35 to 50 sq.m. each.
The project is designed to meet Golden Visa eligibility, with every unit set to be offered at the threshold price of €250,000, combining turnkey residency potential with high-end, compact living in an accessible urban setting.
The total project cost is estimated at €6,580,000, which includes €3,080,000 for the complete renovation works. Upon completion, the 50 newly created units are projected to generate total revenues of €12,500,000.
This yields a potential net profit of €5,920,000 and a projected return on investment of approximately 90%, highlighting the projects strong financial viability and appeal.
Kaminia is increasingly attracting attention due to its proximity to major transport infrastructure, including the ferry and cruise terminals of Piraeus Port, direct metro connections to Athens International Airport and Syntagma Square, and close access to the Athens Riviera and Marina Zeas with its vibrant waterfront lifestyle.
The area combines urban convenience with high demand for quality housing, particularly for residency-by-investment buyers and professionals seeking proximity to the port and the city.
This is a rare opportunity to acquire and transform a centrally located building into a high-yield residential project with immediate relevance to Greece’s Golden Visa market.
With the groundwork already in place and a clear, data-driven path to profitability, this property offers the ideal foundation for a forward-looking investor.
Building for sale in Piraeus. Location Information:
Located in the southeast of Greece, Piraeus is home to Europe’s biggest passenger port and as such is a huge draw for cruise ships from around the world bringing tourists eager to explore this centuries-old city.
With a population of more than 160,000, Piraeus has many attractions to fill an entire vacation including religious and historic landmarks and fantastic restaurants.
But yet another major draw is the fact that it’s easy to visit Athens because it’s located nearby. The Greek capital city of Athens is just 12 kilometers (7 miles) from Piraeus.
Piraeus today is the main port of Athens, the biggest port in Greece, one of the leading ports in the Mediterranean, an important center of the merchant marine, industry, and transportation.
Piraeus port is the chief exit point from the city by sea for destinations amongst the Aegean Islands and elsewhere in the East Mediterranean. Domestic destinations include all of the Aegean islands.
The port in Piraeus is also used by several European cruise companies to welcome visitors to Greece. The centers of Piraeus are its three parts: the central port, the Zea Marina, and Mikrolimano.
You may visit https://greek-golden-visa.com/ for details on the application process and benefits of obtaining the Greek Golden Visa.
Just minutes from the bustling Port of Piraeus and with excellent access to Metro Lines 1 and 3, the building is ideally located for both international investors and long-term urban tenants.
The existing structure is suitable for full residential conversion, with an approved architectural and renovation study already in place for the development of 50 modern apartments ranging from 35 to 50 sq.m. each.
The project is designed to meet Golden Visa eligibility, with every unit set to be offered at the threshold price of €250,000, combining turnkey residency potential with high-end, compact living in an accessible urban setting.
The total project cost is estimated at €6,580,000, which includes €3,080,000 for the complete renovation works. Upon completion, the 50 newly created units are projected to generate total revenues of €12,500,000.
This yields a potential net profit of €5,920,000 and a projected return on investment of approximately 90%, highlighting the projects strong financial viability and appeal.
Kaminia is increasingly attracting attention due to its proximity to major transport infrastructure, including the ferry and cruise terminals of Piraeus Port, direct metro connections to Athens International Airport and Syntagma Square, and close access to the Athens Riviera and Marina Zeas with its vibrant waterfront lifestyle.
The area combines urban convenience with high demand for quality housing, particularly for residency-by-investment buyers and professionals seeking proximity to the port and the city.
This is a rare opportunity to acquire and transform a centrally located building into a high-yield residential project with immediate relevance to Greece’s Golden Visa market.
With the groundwork already in place and a clear, data-driven path to profitability, this property offers the ideal foundation for a forward-looking investor.
Building for sale in Piraeus. Location Information:
Located in the southeast of Greece, Piraeus is home to Europe’s biggest passenger port and as such is a huge draw for cruise ships from around the world bringing tourists eager to explore this centuries-old city.
With a population of more than 160,000, Piraeus has many attractions to fill an entire vacation including religious and historic landmarks and fantastic restaurants.
But yet another major draw is the fact that it’s easy to visit Athens because it’s located nearby. The Greek capital city of Athens is just 12 kilometers (7 miles) from Piraeus.
Piraeus today is the main port of Athens, the biggest port in Greece, one of the leading ports in the Mediterranean, an important center of the merchant marine, industry, and transportation.
Piraeus port is the chief exit point from the city by sea for destinations amongst the Aegean Islands and elsewhere in the East Mediterranean. Domestic destinations include all of the Aegean islands.
The port in Piraeus is also used by several European cruise companies to welcome visitors to Greece. The centers of Piraeus are its three parts: the central port, the Zea Marina, and Mikrolimano.
You may visit https://greek-golden-visa.com/ for details on the application process and benefits of obtaining the Greek Golden Visa.
Location
The property is situated at Piraeus Suburbs, Piraeus, Piraeus Kaminia.
Contact Agent
Ktimatoemporiki Real Estate
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