Building 700 sqm for sale, Thessaloniki - Center, Center For sale

In the "heart" of Thessaloniki’s historic and commercial center, an iconic, standalone heritage building of 700 sq.m. is available for sale. This is a true "Trophy Asset", offering the ultimate canvas for the creation of a high-end Boutique Hotel or luxury Serviced Apartments with significant value-added potential. THE INVESTMENT RATIONALE (Strategic Value): Thessaloniki is currently recording historic highs in occupancy rates and Revenue Per Available Room (RevPAR). The market for Boutique Hotels housed in cultural heritage buildings is experiencing rapid, sustained growth. Funding Potential: As a protected heritage site, the property is eligible for various subsidized restoration programs, the new Development Law, and European structural funds (NSRF/ΕΣΠΑ). Tax & Planning Incentives: Opportunities to leverage beneficial provisions, such as the Transfer of Development Rights (TDR/ΜΣΔ), providing additional capital gains for the investor. ARCHITECTURAL IDENTITY & SPACE DYNAMICS: The property is distinguished by unique morphological elements that showcase the urban glamour of the past—exactly the character sought by the modern, premium traveler. Floor Development: Imposingly developed across 3 main floors, featuring impressive ceiling heights and large openings. Layout: The 700 sq.m. floor area offers exceptional flexibility for designing spacious luxury suites, an impressive lobby, and F&B (Restaurant/Cafe) options on the ground floor. Condition: The building requires full restoration, allowing for a complete redesign of electromechanical (E/M) installations based on modern standards of energy efficiency and Green Hospitality. STRATEGIC "PRIME" LOCATION: Situated on one of the city's most commercial and tourist-heavy axes, ensuring 100% visibility and immediate accessibility: Proximity: Steps away from major monuments, the primary retail market (Tsimiski, Mitropoleos St.), and the waterfront. Connectivity: Immediate access to central Metro stations and the public transport network, making it an ideal hub for both business and leisure tourism. ASKING PRICE: €1,300,000 (A detailed property file, floor plans, and building/preservation terms are available upon expression of interest – NDA required). We cater exclusively to serious investors, investment funds, and real estate development companies. Contact us to schedule a private presentation of the investment plan. Contact Person: VARVARA MARANTIDOU Phone: +30 6983676196 Email: b.marantidou@gmail.com