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Description: Commercial And Other Central Functions Area (Ζωνη Εμπορικων Και Αλλων Κεντρικων Λειτουργειων)
Coverage: 0.5
Density: 1.6
Height: 24 meters
Allowed stories: 6
Development description: Local Plan Of Nicosia (Τοπικο Σχεδιο Λευκωσιας)
Residential: 0.29 Km
Tourist: 32.71 Km
Industrial: 2.65 Km
Agricultural: 3.82 Km
Farm: 8.25 Km
This commercial plot of 5,764 m² is located on Limassol Avenue within Strovolos Municipality, one of the busiest and most established commercial corridors in Nicosia. Limassol Avenue is known for its constant traffic flow and strong visibility, with the surrounding area comprising shops, restaurants, schools, banks, gyms, supermarkets, and a wide variety of services.
The property enjoys a corner position with triple road frontage, providing excellent accessibility and exposure:
Eastern boundary – 130 m frontage on Limassol Avenue
Northern boundary – 45 m frontage on Chrysanthou Mylonas Street
Western boundary – 120 m frontage on Charalambou Michael Street
Currently, the site hosts a complex of showrooms, offices, and a garage; however, the existing structures are considered economically obsolete when compared to the significant commercial development potential of the land. Enhanced planning incentives further increase the allowable building density, making it ideal for large-scale development.
Key Highlights
Prime Location: Limassol Avenue, a top commercial hub with constant traffic and visibility
Triple Frontage: Access and exposure from three major streets
Development Potential: Large land parcel with increased building density rights
Note: Images marked as “Digital Design” are computer-generated visualizations provided to illustrate the property’s potential and do not represent current conditions.
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