Heraklion – Eleftherias Square | Independent Building 215 sq m | Possibility of Expansion up to 336 sq m | Investment Opportunity In the heart of the historical and commercial center of Heraklion, just a few steps from Eleftherias Square, a three-story independent building with a total area of ​​215 sq m is available for sale, on a plot of 120 sq m. The property was originally built in 1951, but has undergone complete restoration and is in very good structural and static condition, while maintaining the special character of the old city. Particularly significant development potential The property is located within the 1st Tourist Zone of Heraklion and has a high building factor of 2.80, with a total permitted building area of ​​approximately 336 sq m. Due to the existing construction and the remaining available building factor, there is a possibility of adding approximately 100–120 sq.m., indicatively and with a mixed construction solution, following a relevant study and the required urban planning approvals. With the appropriate architectural configuration, the property can be used to create approximately 8 to 10 small apartments or luxury suites, which makes it particularly interesting for tourist exploitation, short-term Airbnb-type rental or an organized serviced apartment complex. Another important advantage is that the building is not listed, offering greater flexibility in terms of its future remodeling and development, always in accordance with the applicable urban planning provisions. Prime location The location of the property is one of its strongest investment advantages. Located in one of the most central and commercial areas of Heraklion, in an area with intense tourist traffic throughout the year and direct access to: • Eleftherias Square • Heraklion Archaeological Museum • Central shopping streets and pedestrian streets • Shops, restaurants and entertainment venues • Historical and cultural attractions of the city Ideal for: • Boutique Hotel or Luxury Suites • 8–10 tourist apartments / Airbnb • Serviced Apartments • Luxury urban residences • High-standard professional building • Mixed use of residential and commercial spaces • Investment development with significant capital appreciation prospects This is a property that rarely appears on the market of the center of Heraklion, as it combines a top location, independent ownership, high building coefficient, the possibility of additional development and many alternative forms of utilization. A particularly remarkable investment proposal in the most dynamic part of the city of Heraklion. SPITI 4 ALL REAL ESTATE Tel.: 2814011196 & 6951617273 Email: spiti4all@gmail.com