Sale, Residential, Building

Prime Investment Opportunity – 514.76 sq.m. Residential Building in Heraklion (Available via Auction) Description: We present an exceptional investment opportunity in the heart of Heraklion, Crete: a detached residential building with a total surface area of 514.76 sq.m., situated on a 222.08 sq.m. plot. This property is offered through the electronic auction process and represents a rare find for investors looking for high-yield potential or a large-scale residential project in a central urban location. The building is developed across four functional levels, each offering approximately 128.69 sq.m. of space: Basement & Ground Floor: Constructed in 1979, these levels provide a solid foundation and versatile spaces suitable for various residential or storage uses. 1st & 2nd Floors: A modern addition completed in 2004, these floors significantly enhance the building's value. They feature contemporary aluminum window frames, ensuring improved energy efficiency and a modern aesthetic. The strategic location of this property is one of its greatest assets. It is situated in a vibrant neighborhood with immediate access to the local market, educational institutions, sports facilities, and public parks. Furthermore, its proximity to the Heraklion-Lassithi Intercity Bus Station (KTEL), the iconic Eleftherias Square, and the city’s coastal front makes it an ideal candidate for conversion into boutique apartments, student housing, or short-term holiday rentals. In the 2026 real estate market, acquiring properties through the auction process remains one of the most effective ways to secure significant assets at competitive prices. Given the building’s size and its prime location near the sea and the city center, it offers substantial capital appreciation potential following a renovation. For detailed information regarding the auction date, starting bid, and comprehensive legal documentation, please contact our office. Our team of experts is ready to assist you throughout every step of the acquisition process.