This 1,032m2 Commercial property is located in the city of Larnaca, Cyprus, in a highly prominent and strategic area at the junction of Griva Digeni Avenue and Ayias Lavras str, approximately 200 meters north of the Municipal Garden, Municipal Library, and SALINA Park. The plot has a total area of 1,032 square meters and enjoys a large, corner frontage of 63 meters along both roads, offering excellent visibility and accessibility. The property is included within the urban commercial zone Εβ1, designated for mixed-use developments, including commercial and office spaces, with the following planning parameters:
- Building Density: 200%
- Coverage Ratio: 50%
- Maximum Number of Floors: 6
- Maximum Building Height: 24 meters
According to the provisions of the Larnaca Local Plan, given the plot's area exceeds 1,000 m², there is potential for enhanced development with an additional 10% building density, provided that the ground floor is utilized for commercial use.
The avenue (Griva Digeni) is one of Larnaca's most significant mixed-use corridors, connecting key urban areas, and forming a vital link between the city's coastal front and commercial center. The area is characterized by high population density, substantial commercial activity, and significant development prospects, making the plot an exceptional investment opportunity with urban, economic, and social value.
Plot is one of a kind as it is the only available for sale in the Area.
Dont miss this great opportunity.
Please contact us to arrange for a viewing.