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Commercial property in Nicosia, Cyprus

Cyprus, Nicosia, Nicosia
$1,61M
;
16
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ID: 3670027
Property ID on Realting
In CRM: 240503
ID of the ad on the website or in the company’s CRM
Last update: 06/11/2025

Location

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  • Country
    Cyprus
  • Region
    Nicosia District
  • City
    Nicosia

Property characteristics

Building parameters

  • The year of construction
    The year of construction
    1964

Description

An exceptional investment opportunity is available in the prestigious Agios Andreas area of Nicosia. Built in 1965, this well-maintained building offers excellent development potential. It occupies a 1,534m² rectangular plot with an impressive 50-meter street frontage and offers a total covered area of 985m². The property consists of a 265m² ground floor, two upper-floor apartments of 265m² each, complemented by 73m² of covered verandas, and a rooftop one-bedroom apartment that includes a 24m² roof garden. Additional features include rear storage rooms and multiple parking areas, providing both convenience and functionality. Structurally, the building is located on a quiet street near the scenic Pedieos Linear Park, offering a serene yet central setting. Title deeds are available, ensuring a smooth transaction process. The property’s versatility makes it ideal for a wide range of uses, including private residence, office headquarters, embassy, boutique hotel, or mixed-use redevelopment. Moreover, the significant unused building density of over 500m² provides strong potential for future expansion, making this a truly valuable opportunity in one of Nicosia’s most distinguished neighborhoods.

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Cyprus, Nicosia, Nicosia
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Commercial property in Nicosia, Cyprus
Cyprus, Nicosia, Nicosia
$1,61M
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