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390 SQM Commercial Plot
Mesa Gitonia, Limassol

€750,000  ($870,440)

Property Masters

Property Masters

Reg. No. 1140, Lic. No. 580

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In high demand!
Compared currency flag Pay in USD and save up to $30,465

Average Bank Rate (€750,000)
1 USD = 0.8325 EUR
$900,906

Mid-market rate (€750,000)
1 USD = 0.8616 EUR
$870,440

All figures are live mid-market rates, which are not available to consumers and are for informational purposes only. To see the rates we quote for money transfer, please request a free quote.

Planning Zone

Commercial (ΕΒ4)

Description: Commercial And Other Activities. (Εμπορικες Και Αλλες Δραστ. Εκτος Πυκν. Περ. Πολης)

Coverage: 0.5

Density: 1.4

Height: 17 meters

Allowed stories: 4

Development description: Local Plan Of Limassol (Τοπικο Σχεδιο Λεμεσου)


Nearby planning zones

Residential: 0.41 Km

Commercial: 0.49 Km

Tourist: 2.55 Km

Industrial: 1.58 Km

Agricultural: 3.59 Km

Farm: 8.14 Km

Key features

  • Listing ID: 8758771 (2382)
  • Plot: 390 sqm

Description

🏗️ Development Opportunity – Commercial Plot with Active Building Permits in Mesa Geitonia, Limassol

📍 Location
Located in the highly sought-after Chalkoutsa area of Mesa Geitonia, Limassol
• Fronting Archiepiskopou Makariou III Avenue
• Approx. 540m west of 10th Primary School of Limassol
• Approx. 370m south of Spyrou Kyprianou Avenue

📐 Property Details
• Plot Area: 390 m²
• Corner Plot
• Total Road Frontage: Approx. 38m
• 19m on Archiepiskopou Makariou III Avenue
• 19m on Andrea Zakou Street
• Flat terrain
• Fully serviced with water, electricity, and telecommunications

📊 Planning Zone
• Zone: Εβ4 (Commercial)
• Building Density: 140%
• Coverage Ratio: 50%
• Max Floors: 4
• Max Height: 17m
✅ Permits Already Issued
• Demolition permit for the existing building
• Planning permit and plot division approval
• Building permit for a 4-storey mixed-use development

🏢 Approved Development
Ground Floor
• 1 Shop
• 37 m² internal area
• 1 covered parking space
1st – 3rd Floors
• 3 Whole-floor apartments
• 119 m² internal area each
• 15 m² covered veranda each
• 3 Bedrooms each
• 1 covered parking space per apartment
Top Floor
• 1 One-bedroom apartment
• 68 m² internal area
• 28 m² covered veranda
• 27 m² uncovered veranda
• 1 covered parking space

📋 Pending Permit
• Horizontal Division Permit

🌟 Property Highlights
• Prime commercial avenue location
• Corner plot with exceptional visibility
• Active permits significantly reduce development time
• Mixed-use project ready for implementation
• High-demand residential and commercial area
• Strong resale and rental potential

💡 Investment Potential
Ideal for:
• Developer seeking a shovel-ready project
• Mixed-use residential and commercial investment
• Build-to-sell development
• Build-to-rent strategy in central Limassol

ℹ️ Additional Info
• Separate title deed available
• Vacant property
• Development study and permit package included
• Development works to be undertaken by the purchaser

Reference: O40535AL

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