Land for sale in Geri, Nicosia, by Keller Williams: 2044m2 No. 39823

2044m2 Land in Geri, Nicosia, No. 39823

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ID39823 € 545 000

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39823

Property description

A unique development opportunity situated on the main Dimitri Christofia Avenue (formerly Geriou Avenue). Located at the very heart of the newly unified municipalities of Latsia-Geri, this plot sits in a prime location that is rapidly evolving into the area's new commercial hub.

Key Features:

Area: 2,044 sq.m. (under division).

Frontage: Extensive 57-meter road frontage on the avenue.

Zoning: Mixed-Use (23% Commercial / 77% Residential).
23% ΕΒ6 100% Density, 50% Coverage

77% KA8 60% Density, 35% Coverage

Usage: Ideal for a mixed-use development (Retail shops/Showrooms on the ground floor and apartments on the upper levels).

The Investment Advantage:

Market Gap: There is high demand for retail spaces/shops in the surrounding area, yet very limited supply.

Strategic Location: Positioned at the geographic center of the two unified municipalities, ensuring high future appreciation (capital gain) as development shifts towards this point.

Extra Parking Option: Potential to acquire the adjacent Plot 3 for exclusive use as a parking area.