🏢 Commercial Plot for Sale in Panagia, Nicosia
Prime Development Opportunity on Larnakos Avenue | High-Density Commercial Zone
A strategically located 524 sq.m. commercial plot in Panagia, Nicosia, positioned along Larnakos Avenue and offering excellent development potential in a central and highly accessible location.
The property falls within the Εβ2 Commercial & Other Central Functions Zone, with a 180% building density, 50% coverage, and potential for development of up to 8 floors and 31m height, subject to the applicable planning regulations and approvals.
An existing 135 sq.m. residence, built in 1955, is situated on the plot and is currently in moderate condition, offering potential for redevelopment.
📍 Property Details
Plot Size: 524 sq.m.
Planning Zone: Εβ2 – Commercial & Other Central Functions
Building Density: 180%
Coverage: 50%
Maximum Floors: 8
Maximum Height: 31m
Planning Scheme: Nicosia Local Plan
Location: Panagia, Nicosia – Larnakos Avenue
🏚️ Existing Residence
Built: 1955
Covered Area: 135 sq.m.
Condition: Moderate
Ground Floor
1 Parking Space
Currently used as a residence
💼 Ideal for Developers & Investors
The combination of prime location, commercial zoning and high development density makes this an attractive opportunity for investors and developers seeking a centrally located site.
The property could be considered for a future commercial, office, mixed-use or other permitted development, subject to planning and building approvals.
⭐ Key Highlights
✔️ Prime central Nicosia location
✔️ Excellent frontage and accessibility from Larnakos Avenue
✔️ Εβ2 Commercial Zone
✔️ 180% Building Density
✔️ 50% Coverage
✔️ Up to 8 floors
✔️ Maximum height of 31m
✔️ 524 sq.m. plot
✔️ Existing building suitable for potential redevelopment
📞 Contact us today for further information, planning details, or to arrange a viewing.
