Commercial Plot 521 m²

Prime Development Plot for Sale – Nicosia, Cyprus

We are pleased to present an exceptional investment opportunity: a centrally located development plot on Armenias Street in Nicosia, within the Strovolos Municipality. This rare offering combines an outstanding location, generous building coefficients, and flexible development potential, making it ideal for commercial, residential, or hospitality projects.

Property Highlights

Plot Size: 521 m², Building Density: 160%,

Coverage: 50%, Maximum Floors: 6, maximum Building Height: 24 meters, Total Buildable Area: approx. 833.6 m² of covered spaces, Per Floor: approx. 139 m² plus verandas.

Land Registry Reference: District Nicosia | Municipality Strovolos | Parish Agios Dimitrios | Plot No. 1598 | Sheet 21 | Plan 63W1 | Section 13

Development Potential

This property is uniquely versatile and can accommodate a wide range of development projects, including:

Commercial Premises: Ideal for retail, showrooms, or professional services.

Modern Office Building: Perfect for multinational headquarters, financial services, or tech companies seeking a central location in the capital.

Residential Apartments: Attractive option for developers targeting the growing urban housing demand in Nicosia.

Hospitality Project: Most notably, the site is highly suitable for a boutique or business hotel, benefiting from proximity to the city center, government offices, universities, and main access roads.

Location Advantages

The plot enjoys an outstanding location on Armenias Street, one of Nicosia’s well-known avenues that connects quickly to both commercial and residential districts.

City Center: Minutes away from Nicosia’s core business and shopping areas.

Highway Access: Direct access to the Nicosia–Larnaca highway, ensuring easy regional connectivity.

Airport: Only 35 minutes by car from Larnaca International Airport, which offers direct flights to Europe, the Middle East, and beyond.

Visibility: Excellent frontage and accessibility by car, making it attractive for corporate or hospitality branding.

Why Invest in Cyprus and Nicosia

Cyprus is a well-established investment hub in the Eastern Mediterranean, combining EU membership, strategic geographical positioning, and a favorable tax framework. Nicosia, the island’s capital, is the administrative, financial, and cultural center, with consistent demand for high-quality commercial, residential, and hospitality developments.

Investors from the EU, Middle East, and beyond have increasingly recognized Cyprus as an attractive gateway to Europe due to:

Strong legal system aligned with UK common law.

Transparent land registry and property ownership rights.

Growing demand for modern office space and residential apartments in urban centers.

Rising tourism sector, creating demand for hotels, serviced apartments, and mixed-use developments.

Unique Selling Points of the Property

Strategic Location: Nicosia, close to both business and residential zones.

High Building Coefficients: 160% density and 50% coverage provide significant flexibility in project design.

Multiple Development Uses: Suitable for commercial, residential, office, or hotel development.

Accessibility: Excellent road frontage and easy car access.

Proximity to Airport & Highway: Only 35 minutes from Larnaca Airport with direct access to the highway.

Strong Investment Case: A rare opportunity to secure a plot in one of Nicosia’s most desirable urban areas.

This is premium investment opportunity to acquire development land in Nicosia with excellent building potential, flexible usage options, and exceptional connectivity. Whether for commercial, residential, or hospitality development, this plot provides a strong foundation for a landmark project in Cyprus.