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Bulding for sale
€3,500,000
|
€2,197 per sqm
sqm
1593
Rooms
18
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By submitting this form, you accept our Terms of Use and Privacy Notice.Neighborhood insights
Among the top 10 neighborhoods with the most bars
Among the ten neighborhoods with the most hotels
Among the top ten neighborhoods with the most restaurants
Property surroundings
This property is close to the sea.
Nearby metro station as part of Venizelou
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Airbnb
A registration number can be issued and the property may be rented short term legally. However, if this property is actually used for the Greek Golden Visa route, it cannot also be used as a short-term Airbnb rental.
Golden Visa
This property meets the visa threshold for a high-demand area (Tier 1).
Disclaimer: This property assessment is calculated automatically from available listing data and is only an estimate. It does not guarantee actual eligibility or licensing outcome and should be verified with local counsel and the relevant authorities.
Airbnb
Short-term rental is allowed subject to AMA registration. Note: new Golden Visa properties in Greece are broadly barred from Airbnb.
Golden Visa
The investment threshold is EUR 800,000 for a single property of at least 120 sqm. Long-term rental only (no Airbnb).
Disclaimer: Regional information is indicative only, may change, and should not be treated as legal, regulatory, tax, or investment advice. Please verify with the relevant authorities.
Key metrics
New price per sqm
-
Used price per sqm
€2,664
Monthly rent
€582
Gross yield
7.04%
Phrankomachalas - Valaoritou is a area in Thessaloniki Center and the surrounding area with an area of 0.1 sq km. Currently, most listings in the area are 40-64 sqm, but there are other sizes available. Average used price per sqm is about €2,664 with a gross yield of 7% On GREI there are 6 properties for sale in Phrankomachalas - Valaoritou from a wide range of local agencies.
Property description
corner, listed building for commercial purposes, 1,593 sq.m., in the Historic Center of Thessaloniki. This is a unique architectural gem in the heart of the city. Acquire a piece of history with this impressive building, constructed in 1930. A property with rare architectural value and countless potential for utilization. It consists of five (5) levels. Ground floor shops 275 sq.m., mezzanine 275 sq.m., basement 310 sq.m., 1st floor 275 sq.m., 2nd floor 275 sq.m. It has 18 rooms/areas and 4 bathrooms. It is a listed building with elaborate facades, high ceilings, and a distinctive aesthetic that showcases the heritage of Thessaloniki. Ideal for a boutique, hotel, luxury apartments, modern commercial spaces, or unique commercial use. It is located in the most commercial and vibrant area of the city, with high foot traffic and immediate access to markets, restaurants, the beach, and cultural landmarks.
Property details
sqm
1593
Rooms
18
Year built
1930
Price per sqm
€2,197
Renovated
No
Bathrooms
4
Energy rating
E
Property code
1811227
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Price list for area Phrankomachalas - Valaoritou
Price per sqm
Total price
sqm
Used price per sqm
Monthly rent
10-39
-
€17
40-64
€2,593
€11
65-89
€3,006
-
90-119
€2,433
-
Prices do not represent ground floor or basement apartments, which are often lower by tens of percent. This list is not an official source or a substitute for professional advice.
View how available listings are distributed across different categories
Property distribution
Apartment size distribution (sqm)
Distribution by floor
Distribution by construction year
Year built
Up to 1960
15%
1960-1979
73%
1980-2000
7%
2000-2019
5%
