Commercial property, 144m², Makrys Gialos (Lasithi Prefecture), 430.000 €

For Sale: Prime Investment Opportunity by the Sea – Ierapetra, Crete

Just 60 meters from the shoreline, this exceptional property offers a rare business opportunity on a 2,919 sq.m. plot, ideally suited for investors seeking both immediate returns and long-term potential.

The estate includes two residences:

A fully renovated and operational 53 sq.m. luxury suite, currently generating income through short-term rentals.A second 69 sq.m. two-bedroom suite, nearing completion, offering added rental potential or personal use.

Key Highlights:

Proven Revenue Stream: Active short-term rental business with a strong online presence and a fully functional booking website.Development Potential: Valid building permits in place with the ability to construct over 400 sq.m., allowing for future expansion.Strategic Location: Direct access to the beach and large frontage on a provincial road, enhancing accessibility and visibility.Versatile Use: Ideal for seasoned investors or lifestyle buyers looking to combine leisure with passive income.

Whether you’re expanding your portfolio or searching for a lifestyle investment, this seafront gem offers security, scalability, and unmatched value in the heart of Crete.