Commercial in Sotiros, Larnaca

Reference ID: #SA38487 Price details: €990,000 Prime Commercial Property with Development Potential in Central Larnaca An excellent investment opportunity comprising a 490 m² commercial plot with an existing mixed-use building consisting of two retail shops and one residence, each with a separate title deed. The property offers a total internal covered area of 295 m², together with underground parking for seven vehicles. The plot falls within the Εβ2 Commercial Zone, allowing 180% building density, 50% coverage, and development of up to 6 floors (24 m). With approximately 882 m² of permitted buildable area and only 295 m² currently developed, the site offers significant scope for expansion or complete redevelopment. The existing building also provides immediate rental income potential. It includes two shops with mezzanines (73 m² + 27 m² and 66 m² + 34 m²) and a two-storey residence of 95 m². Occupying a prominent corner position in the heart of Larnaca, the property enjoys excellent visibility and easy access to the city centre, major roads, public transport, and a wide range of amenities, making it an ideal choice for both investment and future development.