Commercial property, 2080m², Zografou (South Athens), 4.200.000 €

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 HighlightsSix-story building with a total surface area of 2,080 sq.m.27 fully leased studio apartments with stable incomeGround-floor commercial space with mezzanine, offering prime retail frontageTwo basement levels with 16 parking spaces in a high-demand areaSurface BreakdownResidential 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/monthCommercial Space: €4,500/month16 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 DescriptionBasement Levels – ParkingLower 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