Commercial Building for Sale in Oroklini Area

Ref No:
€650.000
  • Status: For Sale
  • Property type: Commercial Building
  • Ref. ID: 5460
  • City: Larnaca
  • Area: Voroklini
  • Condition: Resale
  • Plot / Land Area: 728 m2
  • Covered Area: 360 m2
  • Energy Efficiency Rating: B

Details

This mixed-use property in a prime location on Oroklini’s main road, just past Zorbas Bakery, offers an excellent renovation and investment opportunity. With high visibility and easy access, it’s perfect for investors, business owners, or those wanting to live on-site while generating rental income.

The building features two ground-floor shops (approx. 40 sqm each) suitable for retail or office use, a spacious 2-bedroom ground-floor apartment (approx. 90 sqm) that can be upgraded for rental or personal use, and a large 3-bedroom apartment (approx. 190 sqm) on the first floor with multiple balconies. The 740 sqm plot provides ample outdoor space for parking, landscaping, or potential expansion.

The solid structure of the property allows for the addition of a second floor, with stairs already in place. There’s also potential to add a third commercial shop on the plot, boosting its business appeal. Located in a high-traffic area near shops, restaurants, schools, and amenities, this property offers multiple income streams and great value-add potential through modernization.

With the right upgrades, this property can be transformed into a highly profitable investment. The price is negotiable and VAT-free, making it a rare and flexible opportunity in a rapidly developing area.