Moschato | 205 sq m. of main use with possibility of changing use to residential | Strong Asset with Golden Visa logic, 5’ from ISAP
Piraeus suburbs, Moschato, Center
200.000 €
975,61 € / sq.m.
Description
Property Code: 7-720.In real estate there are spaces defined by their light, their view or their neighbourhood. And there are spaces defined by something far more essential: theirpotential.
In Moschato, just five minutes on foot from the ISAP station, a205 m² semi-basement spacein a five-storey 1974 building is offered for sale. Because it is not.
It is a main-use space with possibility of change of use to residential, carrying clear investment logic and one of the most interesting price points currently available in Athens’ southern zone.The property is not dark. On the contrary, it has contact with the rear shared light well, where plantings and trees exist, giving breathing space, air and a far gentler feel than usually associated with basements.
This light well, combined with the2.90 m heightthat met the required threshold for conversion, fundamentally changes the reading of the property: we are not talking about “auxiliary space”, but a large unified asset with real design and investment scope. The sale price is€200,000. This carries particular weight when the entry into this asset occurs at a price point lower than the area’s average residential index, creating strong margin for repositioning. The property has already received substantial interventions from the owners. New, ultra-modern, energy-efficient thermally broken frames with screens have been installed in all main spaces, significantly improving thermal performance and quality feel. Before sale, additional works were carried out: WC renovation with new tiles and plumbing, new internal door, new electrical switches, provision for kitchen behind the WC for future configuration, mosaic polishing and insulation interventions. In other words, the buyer does not receive a forgotten space “as is”, but a property where the upgrade process has already begun with resale and exploitation logic. What truly distinguishes the property is itsdual reading.On one side, it is an exceptionally interesting case for an investor targeting the Golden Visa €250,000 category via change of use to residential, as provided by the current regulatory framework. At the same time, legislation provides that properties acquired under these terms cannot be used as business headquarters or branches. This is critical and the interested investor must know it from the outset. On the other side, for a buyer not intending Golden Visa but pure professional exploitation, the space can function excellently as:
gym or pilates studio,
escape room,
corporate event space,
creative office hub,
back-office installation,
professional core for activities needing large surface at low entry price.
Precisely here lies its value: the same asset can be read either as residence-conversion investment or as high-surface commercial opportunity, depending on the buyer’s profile and legal/investment plan. Its position in Moschato further strengthens the market logic. Moschato is one of Athens’ most strategic southern suburbs, between Kifissos and the artificial Ilisos bed, with immediate connection to Athens, Piraeus and the coastal road. The area is served by ISAP, main road axes and bus lines, while close to the Faliro front and the broader redevelopment of the Faliro Bay coastal zone.There is one more non-negligible element: the price includes the right to the building’s height as currently stands. Obviously the current coefficient is exhausted, but over time such rights are not indifferent to serious investors thinking in market cycles rather than current use alone. Additionally, a metal ramp can be constructed at the entrance if desired, to serve two-wheelers or even more particular access/private-use scenarios. For an international clientele seeking a plan B asset in Greece, the proposition is clear:
a single-title property,
at an unbeatable price,
with change of use possibility,
large surface205 m²,
upgrades already underway,
immediate access to fixed-track transport.
In a market where many investors chase “small apartments” at much higher €/sqm, here the advantage is different: buy large asset at low unit price, with wide restructuring margin and strong eligibility narrative. Sale price:€200,000.For more information and to arrange a viewing, please contactPANTOU REALTORS exclusively.
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