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Pay in USD and save up to $21,920Unleash the full potential of this high-visibility commercial building located in the heart of Omonoia, Limassol. Situated directly on a bustling main commercial road, this property offers unparalleled exposure and accessibility. You are steps away from major banks, retail shops, popular restaurants, and schools, making it a strategic hub for business or high-density residential rental.
Falling within the Εβ4 commercial zone according to local town planning regulations, this building is a versatile "blank canvas" for investors and developers looking to capitalize on Limassol’s growing real estate market.
Property Overview & Layout
The property currently comprises two completed floors and a third unfinished level, offering a strategic mix of retail and residential spaces:
- Ground Floor: Features two commercial shops, each equipped with its own private toilet and dedicated parking area.
- Mezzanine Level: One section has been converted into a separate one-bedroom apartment featuring a living room, kitchen, and bathroom. This level includes a legal extension bringing the total mezzanine area to 64m², plus an additional eastern mezzanine area of 57m².
- First Floor: A spacious 117m² layout (plus an 8m² covered veranda) currently configured as one separate one-bedroom apartment and two studio units, each with its own living area, kitchen, and bathroom.
- Second Floor: An unfinished shell of 117m² (plus an 8m² veranda), ready to be completed to your specific standards.
Investment Vision & Potential
This property is ideal for the forward-thinking investor. Whether you choose to modernize the existing shopfronts for premium commercial rent or complete the upper floors into modern urban apartments, the Εβ4 zoning provides the flexibility to maximize your ROI.
The top floor and roof boast amazing city views, perfect for a premium penthouse unit or a rooftop garden project.
Important Note: The property and all units are in need of renovation, and the second floor requires completion. All current tenants will vacate the property by the end of April 2026, offering a clean slate for redevelopment.
With strong redevelopment potential and the possibility of generating substantial rental income, this building presents an excellent investment opportunity for developers and business owners alike.
Contact us today for detailed information or to arrange a viewing.
For registering a resale property in the buyer’s name, transfer fees are required. These fees are determined by the property’s market value as assessed by the Land Registry on the purchase date.
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