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Three-storey mixed-use building in panagia, nicosia

Nicosia, Nicosia - Panagia
Posted: 21.02.2026 11:33 Ad ID: 6219736
Three-storey mixed-use building in panagia, nicosia-1 Three-storey mixed-use building in panagia, nicosia-2 Three-storey mixed-use building in panagia, nicosia-3 Three-storey mixed-use building in panagia, nicosia-4
  • Reference number: 14660
  • Area: 1194 m²
  • Type: Mixed use
  • Condition: Resale
  • Plot area: 1397 m²
  • Included: Balcony
  • Construction year: Older
  • Energy Efficiency: N/A
  • Square meter price: €963 /m²
Location: Nicosia — Nicosia - Panagia
Approximate location
Approximate location

This three-storey mixed-use building presents an investment opportunity in the heart of the Panagia Quarter, Nicosia. Perfectly positioned for both commercial and residential demand, the property offers a versatile layout with significant income potential. Property Configuration: Ground Floor & Mezzanine: Features 11 commercial retail units with mezzanines (including two unified units). Currently, three units are occupied, providing immediate rental income. Residential Conversion: A former large two-storey apartment has been expertly divided into four independent units: two ground-floor apartments and two mezzanine-level apartments. Upper Floor: Comprises four spacious apartments, all currently vacant and ready for immediate renovation or leasing. Location & Connectivity: Situated in the area of Nicosia Municipality, the building is strategically located: 100m East of the Pallouriotissa high school. 820m Northwest of John Kennedy Avenue, ensuring easy access to major commercial hubs and public transport. Investment Potential: With a mix of active retail leases and vacant residential units, this property is ideal for investors looking to capitalize on the 2026 Nicosia rental market through a multi-stream income strategy. Energy Performance Certificate is pending.

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€1.150.000
€963/m²
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Landbank Property Consultants Ltd Landbank Property Consultants Ltd
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Posting since jun, 2021

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