Shop 197m² (380.000 €)

Exceptional Investment Opportunity with Golden Visa Potential Prime three-front commercial property of 197 sqm, built in 1984, located in a highly central and prominent area of Korydallos. The property consists of a 190 sqm elevated ground floor and a 90 sqm mezzanine, connected by an internal staircase, while offering an impressive approximately 30-meter shop-window frontage, providing exceptional visibility and flexibility for a wide range of commercial uses. It is situated directly in front of a square, on a major central road with very heavy vehicle traffic, while buses pass directly in front of the property. Its prominent location makes it particularly suitable for a supermarket, retail business, showroom, large-format commercial use or other professional activities, subject to the applicable regulations. The property has been renovated by the current tenant, who has a lease in place until 2030, providing the investor with immediate rental income and long-term rental stability. Exceptional Development Potential – Golden Visa One of the property’s most important advantages is its potential for change of use from commercial premises to residential units, with the possibility of creating up to 9 modern loft-style apartments, subject to confirmation by the competent engineer and compliance with current planning and building regulations. This creates a particularly attractive investment opportunity because, provided that all legal requirements are met, the resulting residential units may potentially qualify for the Greek Golden Visa program, with the applicable €250,000 investment threshold per property for eligible properties resulting from the conversion of commercial premises into residences, in accordance with the current legal framework. The property therefore offers the potential to combine existing rental income through 2030 with a future redevelopment strategy aimed at creating multiple residential units and generating significant capital appreciation and investment value. The property is approximately 20 minutes on foot from Korydallos Metro Station at Eleftherias Square and the central commercial market of Taxiarchon Street. Its location on a major road, excellent visibility and direct bus access further enhance its commercial appeal. A truly exceptional proposition for owner-occupation, rental income or long-term investment, offering significant redevelopment potential and an attractive Golden Visa opportunity.

Characteristics of this property

Location of the property