West Side Story
The area in the northwest outskirts of Thessaloniki has been the entry point to the city since Roman times. In addition to its urban character, commerce and entrepreneurship flourished in the area due to its proximity to the city’s port, main roads, and the railway station.
Based on the above, as well as the city’s need for expansion, the western part is being integrated with the center. Crucial investments, both by private individuals and the public sector (squares, parks, etc.), aim at the overall development of the area.
The building has two-sided exposure and is built on a plot of 1115 m² on 74 Margaropoulou Street, which defines the northern side of the railway station, while it also faces Agathonos Street.
The building was constructed in 1961, initially intended to be used as a tobacco warehouse. Its first use didn’t last long, and it quickly converted into a school.
Since 1987, is housing the clothing industry ’NEWLOOK FASHION’. All uses had high demands on the structure, function and stability of the building.
According to Greek regulations, the seismic category the building belongs, able to house industrial space, is identical with the requirments for its operation as a hotel.
Old Town, also known as Ano Poli, is a historic district situated on the highest point of the city. Characterized by narrow cobblestone streets, traditional houses, and Byzantine-era walls.
Sights of the city belong to various eras (Ancient Greek, Roman, Byzantine, Ottoman) and now are an integral part of its contemporary form.
Coastal section of the city from the port to the music hall, with a length of 6 kilometers, is the most important relaxation spot of the city and offers a variety of outdoor activities.
International Film Festival every November is a significant cultural event about cinema worldwide. The city hosts a variety of cultural events throughout the year.
Gastronomy of the city combines influences from both Eastern and Western cuisine creating a unique variation known for many local delicacies.
Nightlife in Thessaloniki is known for its youthful character due to the largest university campus in the country, offering a variety of entertainment options.
Local transportation
- Bus station | 0,7km
- Subway | 0,7km
National transportation
- Port | 2,1km
- Station MAKEDONIA | 2,4km
- Railway | 0,7km
- Airport MAKEDONIA | 18km
White Tower | 4,5km
Aristotelous Squαre | 2,5km
Agia Sofia | 3,1km
Rotonda | 3,1km
Roman Forum | 3,1km
Eptapyrgio | 3,8km
Vyzantine, Archeological | 3,7km
- Agora Modiano | 2,5km
- D. Gounari Str | 3,1km
- Ladadika | 2,5km
- Olympou Str | 2,3km
- Nikis Str | 3km
- One Salonica mall | 1,2km
- Tsimiski Str | 3km
- Cineplexx Cinema | 1,2km
- Odeon Cinema | 3km
- HELEXPO Center | 4,1km
- Coastline activities | 4,5km
A multi-purpose building in a strategic location, available for sale or lease
Why Invest in This Property?
Prime Location in Thessaloniki’s Growth Hub
Situated near major transport hubs, including the railway station, metro station, port, and airport, this property offers unbeatable connectivity and accessibility. Thessaloniki’s west side is rapidly developing, making it a high-potential area for future investments.
Multi-Purpose Development Potential
With a spacious layout and solid structural foundation, this building can be transformed into a hotel or airbnb, office space, educational space, health clinic, retail hub, logistics center, or residential complex. Its adaptability makes it a valuable asset for different investment strategies.
Strong Market Demand & High ROI Potential
Thessaloniki is experiencing growing demand for modern commercial and residential spaces. With increasing tourism, business expansion, and infrastructure projects, this property offers long-term appreciation and strong returns on investment.
High-Visibility & Unique Architectural Features
With a dual-sided facade and excellent natural lighting, the building ensures high visibility and an attractive urban presence. Its reinforced concrete structure makes it suitable for various upgrades, ensuring a cost-effective redevelopment.
Positioned for Thessaloniki’s Future Growth
Ongoing projects such as the new business district, waterfront development, and infrastructure expansions position this property at the center of one of Greece’s most promising urban transformations. Investing now secures early entry into a booming market.
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