FOR SALE
Industrial, 3744 sqm, Moschato
#26897Piraeus-Suburbs, Piraeus-Suburbs-Moschato-Center
3.744 sqm
1966
Property
Description of the property
This exceptional property is located in Moschato, within a strategic urban block. The plot covers 1,665 m², while the standalone, bright building offers a total built area of 3,744 m² along with 771 m² of surrounding open space.
The structure consists of two interconnected sections:
• A five-story front section with 189.72 m² per floor.
• A four-story section featuring open-plan halls of 654.65 m² each, including two double-height halls on the ground and first floors (5 m height) and two standard-height halls (4 m height). A semi-basement of 177.98 m² completes the layout.
The location ensures excellent connectivity to major cultural destinations, central Athens, and public transportation. Peiraios 260 Cultural Center is only a 5-minute walk away, while the Kallithea and Moschato overground stations are reachable in 10–13 minutes. Bus stops on Pireos Avenue are at a very close proximity.
The redevelopment plan envisions converting the professional-use building into a modern residential complex comprising 62 fully equipped 45 m² apartments, ideal for Golden Visa investors. Approximately 25% of the total area will be allocated to shared amenities—potentially including a restaurant, gym, and other lifestyle facilities—resulting in an estimated 2,808 m² of saleable residential area. The 794.37 m² rooftop offers impressive views of the Acropolis and Piraeus Tower and can accommodate a rooftop café or restaurant, establishing the project as a landmark in the area.
The acquisition price is €4,500,000, with estimated renovation costs at €1,000/m² and additional transaction expenses of approximately 7% of the purchase price, bringing the total investment to approximately €8.56 million. Golden Visa–eligible residential properties in Moschato are currently sold between €5,000–€6,000/m², offering an exceptionally attractive return:
• Sale at €5,000/m²: total revenue €14 million, ROI 64%
• Sale at €5,500/m²: total revenue €15.4 million, ROI 80%
• Sale at €6,000/m²: total revenue €16.8 million, ROI 97%
This makes the project a highly compelling investment opportunity for buyers seeking strong returns and Golden Visa eligibility.
The structure consists of two interconnected sections:
• A five-story front section with 189.72 m² per floor.
• A four-story section featuring open-plan halls of 654.65 m² each, including two double-height halls on the ground and first floors (5 m height) and two standard-height halls (4 m height). A semi-basement of 177.98 m² completes the layout.
The location ensures excellent connectivity to major cultural destinations, central Athens, and public transportation. Peiraios 260 Cultural Center is only a 5-minute walk away, while the Kallithea and Moschato overground stations are reachable in 10–13 minutes. Bus stops on Pireos Avenue are at a very close proximity.
The redevelopment plan envisions converting the professional-use building into a modern residential complex comprising 62 fully equipped 45 m² apartments, ideal for Golden Visa investors. Approximately 25% of the total area will be allocated to shared amenities—potentially including a restaurant, gym, and other lifestyle facilities—resulting in an estimated 2,808 m² of saleable residential area. The 794.37 m² rooftop offers impressive views of the Acropolis and Piraeus Tower and can accommodate a rooftop café or restaurant, establishing the project as a landmark in the area.
The acquisition price is €4,500,000, with estimated renovation costs at €1,000/m² and additional transaction expenses of approximately 7% of the purchase price, bringing the total investment to approximately €8.56 million. Golden Visa–eligible residential properties in Moschato are currently sold between €5,000–€6,000/m², offering an exceptionally attractive return:
• Sale at €5,000/m²: total revenue €14 million, ROI 64%
• Sale at €5,500/m²: total revenue €15.4 million, ROI 80%
• Sale at €6,000/m²: total revenue €16.8 million, ROI 97%
This makes the project a highly compelling investment opportunity for buyers seeking strong returns and Golden Visa eligibility.
Extra information
GENERAL
Completion status
Completed
Occupancy status
Vacant
PLOT
Landlot area
1666 sqm
Frontage size
>25M
View
City
Fiber optic network
Yes
BUILDING
Total building size
3744 sqm
Build year
1966
Structure quality
Very good
Total floors
4
Elevators number
1
Total parking spaces
5
Fiber optics
No
Electric car charger
No
Accessibility for disabled
No
Computer room
No
Elevator industrial
Yes
Elevator max capacity
4
Loading dock
No
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