The Largest Buildable Development Site in Peraia

A rare opportunity to acquire the largest fully buildable development site within the urban area of Peraia, offering a total land area of 5,283 sq.m.

The property is strategically located in the heart of Peraia, within a fully developed residential district, surrounded by all essential amenities including schools, supermarkets, public transportation, healthcare services, retail stores, and the beachfront. The site also benefits from frontage on two major roads, providing excellent accessibility, visibility, and long-term commercial value.

Planning & Development Data

Land Area: 5,283 sq.m.

Status: Fully Buildable

Building Coefficient (FAR): 0.60

Site Coverage Ratio: 20%–30%

The size and planning characteristics of the property provide an exceptional opportunity for the development of one of the largest residential or mixed-use projects in the Peraia area, making it a unique asset for developers and institutional investors.

Existing Buildings

The site currently includes approximately 2,200 sq.m. of existing buildings.

These structures may either:

be renovated and incorporated into a redevelopment strategy, or

be demolished to allow for the construction of a completely new development, depending on the investor's vision and project requirements.

Estimated Demolition Cost

Following an extensive market assessment conducted by our office, the estimated cost for:

demolition of the existing buildings,

removal and transportation of demolition materials,

recycling and lawful disposal of construction waste,

is approximately €200,000.

This estimate provides investors with a realistic understanding of the initial site preparation costs before commencing development.

Investment Highlights

Opportunities of this scale are exceptionally rare within the Peraia market.

The combination of a substantial land area, central location, dual road frontage, and favorable urban planning regulations creates the ideal conditions for a landmark development project with significant long-term value.

Whether envisioned as a premium residential complex, a mixed-use development, senior living, hospitality, or another large-scale investment, this property offers outstanding flexibility and considerable development potential in one of the fastest-growing coastal areas of the Thessaloniki metropolitan region.

This is a strategic acquisition opportunity for developers, investment funds, and institutional investors seeking a flagship project in Northern Greece.