Property 53254 Nicosia, Nicosia / 45223

A rare opportunity to acquire a Diadiritéo (Listed) building in the most vibrant and historic part of Nicosia’s walled city. Built in 1955, this timeless property carries the architectural character and charm of a bygone era, while offering outstanding potential for a modern redevelopment project.
Location
Situated right in the centre of Nicosia, within the ΕΖ-εν (100%) Commercial Development Zone, this property enjoys prime positioning in one of the city’s most dynamic commercial and cultural districts.
Property Details
• Plot size: 108 sq.m
• Internal area: 393 sq.m (usable space)
• Building density: 160%
• Coverage: 70%
• Maximum height: 3 floors
Key Features & Potential
• Recognised as a Diadiritéo Oikodomi (Listed Building), ensuring both historical value and potential incentives for restoration.
• Generous 393 sq.m of internal space across multiple levels, offering flexibility for a wide range of uses—commercial, hospitality, cultural, or mixed-use development.
• Positioned within the Walled City, a unique and growing hub for investment, tourism, and lifestyle projects.
• Excellent development prospects under the Commercial Development Zone regulations, making it ideal for boutique hotels, cultural centres, office spaces, or stylish residential units.
Why Invest
This property combines heritage charm with prime commercial zoning—a perfect match for visionary investors seeking to bring new life into one of Nicosia’s most historic areas. Whether restored to its former glory or transformed into a landmark business or hospitality space, it offers significant value and potential returns.