Strategic Commercial Investment in Panagia
Experience an exceptional and highly practical investment opportunity with this expansive commercial corner plot, strategically located in the high-potential area of Panagia (Pallouriotissa), Nicosia. This property represents a top-tier commercial proposal, offering a solid and highly functional asset for large-scale retail developments, corporate headquarters, or high-density commercial complexes. Designed for investors who demand the perfect balance of central urban proximity and strategic location, the plot is situated in a high-demand development zone in the historic locality of Paliachora. Its strategic position ensures daily visibility and high accessibility for corporate and commercial routines, making it a secure choice in one of the capital's most established and well-connected commercial districts.
Development Potential & High-Value Commercial Features
The property features a substantial land area of 1,041 square meters, providing a grand layout for a high-standard commercial development. Falling within the elite ΕΖ-α planning zone, the land is governed by a significant building density of 200% and a cover factor of 60%, allowing for an incredibly efficient, high-density, and multi-storey structural project. As a prime corner plot (γωνιακό), the property benefits from extensive street frontage and dual visibility, maximizing its architectural versatility and commercial exposure. Boasting a clean status with full ownership (όλο), this asset meets all the essential requirements for a flagship commercial project in a community known for its central location and robust business infrastructure.
Land Use: Ideal for commercial blocks, office buildings, or corporate showrooms
Nearby Landmarks & Amenities
In a convenient location for a vibrant commercial routine in the Panagia and Pallouriotissa area, the property is surrounded by important infrastructure.
The University of Cyprus (UCY Old Campus) is a primary academic and historical landmark situated close to the district.
The Walled City of Nicosia (Famagusta Gate) is a world-renowned cultural and historical landmark located within a short drive.
Pallouriotissa Park is a major green landmark for community recreation and natural scenery nearby.
The BMH Area is a prominent local administrative and historical destination situated within the wider district.
Larnacos Avenue is a primary commercial artery offering an array of business retail outlets, banks, and corporate offices nearby.
John Kennedy Avenue is a major navigational artery providing immediate access to the central business district.
Nicosia General Hospital (Old) is a significant historical and healthcare landmark accessible in the wider municipal area.
Nicosia City Center is a primary professional and civic destination situated just minutes away.
Contact G&P Lazarou Estate Agents today at +357 22024949 or email sales@gplazarou.com to arrange your private viewing!
