Description
For sale building of 2080 sq.meters in Athens. The building has 8 levels.
A view of the city opens up from the windows. There are: solar panels for water heating, air conditioning, awnings, heating. The owners will be leaving the furniture with the sale. Building has an elevator. Extras included with the property: parking space, garage.
Investment Opportunity – Entire Mixed-Use Building
in Ilisia – Zografou, Athens
A rare, ready-to-invest opportunity is presented in one of the most sought-after urban areas of Athens.
This six-story building combines immediate income generation, diversified revenue streams, and long-term capital appreciation. Ideal for investors, developers, or real estate investment funds, it offers a unique mix of residential units, commercial space, and parking facilities under one roof.
Property Highlights Six-story building with a total surface area of 2,080 sq.m.
27 fully leased studio apartments with stable income
Ground-floor commercial space with mezzanine, offering prime retail frontage
Two basement levels with 16 parking spaces in a high-demand area
Surface Breakdown Residential Units: 1,031 sq.m.
Commercial Space: 295 sq.m.
Underground Parking (16 spaces): 754 sq.m.
Current Rental Income (Fully Leased) Studios: €15,500/month
Commercial Space: €4,500/month
16 Parking Spaces: €1,714/month
➡️ Total Monthly Income: €21,714
Annual Gross Income: €260,568
Gross Yield: ~6%
This diversified income profile ensures stable cash flow while offering significant upside potential through rent optimization, short-term leasing, or conversion into serviced apartments/student housing (subject to licensing).
Asking Price €4,200,000 – Entire Building
Detailed Floor Description Basement Levels – Parking Lower Basement (376.95 sq.m.): Includes 9 spacious parking spaces, ensuring convenient access for tenants.
Upper Basement (376.95 sq.m.): Includes 7 additional parking spaces (Total: 16 spaces).
Commercial Unit (Retail Space) Ground Floor (197.30 sq.m.): Main commercial area with wide, premium frontage, ideal for food & beverage, retail, or customer service offices.
Mezzanine (70.95 sq.m.): Auxiliary or office space directly connected to the ground floor, enhancing functionality.
Residential Levels – Studio Apartments 1st Floor (5 Apartments):
Apt A1: 29.80 sq.m.
Apt A2: 47.40 sq.m. (second largest studio)
Apt A3: 48.70 sq.m. (largest studio)
Apt A4: 33.85 sq.m.
Apt A5: 31.85 sq.m.
2nd Floor (5 Apartments):
Apt B1: 29.85 sq.m.
Apt B2: 35.30 sq.m.
Apt B3: 35.35 sq.m.
Apt B4: 33.65 sq.m.
Apt B5: 31.60 sq.m.
3rd Floor (5 Apartments):
Apt C1: 30.50 sq.m.
Apt C2: 33.20 sq.m.
Apt C3: 28.90 sq.m.
Apt C4: 35.90 sq.m.
Apt C5: 30.45 sq.m.
4th Floor (4 Apartments):
Apt D1: 31.95 sq.m.
Apt D2: 33.30 sq.m.
Apt D3: 32.10 sq.m.
Apt D4: 30.05 sq.m.
5th Floor (4 Apartments):
Apt E1: 28.20 sq.m.
Apt E2: 27.35 sq.m.
Apt E3: 28.35 sq.m.
Apt E4: 28.65 sq.m.
6th Floor (4 Apartments):
Apt F1: 28.20 sq.m.
Apt F2: 27.35 sq.m.
Apt F3: 28.35 sq.m.
Apt F4: 28.65 sq.m.
Why This Property is Ideal for Investors & Developers ✔️ Fully operational, income-producing asset with immediate cash flow
✔️ Diversified revenue streams: residential, commercial, and parking
✔️ Prime location in Ilisia – Zografou with high rental demand
✔️ Ready for renovation or value repositioning
✔️ Excellent accessibility and visibility in central Athens
✔️ Strong value-add potential through upgrades, short-term rentals, or commercial restructuring
Contact
Grekodom Real Estate
Property Agent- Property ID 65498
- Price €4,200,000
- Property Type House/Villa
- Property status For Sale
- Size 2,080 m2
Address
- Country: Greece
- Province / State: Athens - Center
- City / Town: Zografou
