Hotel in Athens, Greece, 637 sq.m

Athens – Metaxourgio. Multi-purpose building with a total area of 637 m2 for sale.

A multi-purpose building is a type of commercial property that includes both commercial and residential space, with the residential part occupying a significantly larger area than the commercial one most of the time.

The subject is located in Metaxourgio neighborhood.

Metaxourgio is a neighborhood of Athens located northwest of the historical city center. The neighborhood is situated between Kolonos to the east and Kerameikos to the west, and north of Gazi. In the same breath, Metaxourgio borders with Plato’s Academy, Omonia, and Eleonas districts. The area extends north from Karaiskakis Square to St. Constantine Street. The district got its name from silk-spinning factories, which used to operate on the territory of Metaxurgio in the 19th century.

Metaxurgio used to be one of the poorest and the least attractive districts of the city, but at the end of the 20th century, it gained a reputation as one of the cultural centers of the Greek capital, thanks to the opening of several art galleries, theaters, modern fashionable hotels, restaurants, etc. In addition, the municipal authorities have launched the Metaxurgio Square Reconstruction Program so as to beautify and invigorate the neighborhood.

Building condition: the building is in need of complete renovation. It has all the necessary specifications and capacity to be transformed into an apartment hotel of 12 rooms. Year of construction: 1970.

Features: investment property, in brief, it comprises of a basement, ground floor, 1st, 2nd, 3rd, 4th, and 5th floor, has an elevator. The subject is conveniently located near a metro station.