Commercial for sale, Nicosia, Palouriotissa

Location • Situated in the Panagia Quarter, within Nicosia Municipality, the building enjoys a strategic urban position. • It is located approximately 850m of John Kennedy Avenue, offering excellent access to commercial areas and public transport. External Features • Three-storey mixed-use building with retail frontage on the ground floor and residential units on the upper levels, suitable for both commercial visibility and residential use. Internal Characteristics • The ground floor and mezzanine comprise 11 retail units with mezzanines (including two unified units), five of which are currently rented. • The residential section includes eight apartments in total: four converted units (two ground-floor and two mezzanine-level) and four spacious upper-floor apartments, currently vacant. Advantages & Special Features • An ideal investment opportunity combining immediate rental income with strong upside potential. • The vacant residential units allow for renovation and repositioning, making the property well-suited for a multi-stream income strategy ahead of the 2026 Nicosia rental market.