Investment Property with Residential Development Potential in Sotira
EUR 280,000
- 243 sq m
Property for
Sale
Country
Cyprus
State/Region/Province
Ammochostos
City
Famagusta
Posted
Aug 19, 2026
Description
Located in Famagusta.
An excellent investment opportunity in a convenient and well-connected location in Sotira, on Foti Pitta Street, approximately 600 metres from the town centre. The property comprises two existing buildings with a combined enclosed area of approximately 243 m², plus approximately 8 m² of covered verandas. The buildings are currently configured as a former restaurant and benefit from an existing restaurant licence. However, the property offers significant potential for alternative uses, renovation, adaptation or redevelopment, subject to the necessary planning permissions and approvals. The property presents an interesting opportunity for residential redevelopment and could potentially be suitable for the creation of a private residence, a small residential apartment development or another suitable investment project. Located close to the center of Sotira, the property benefits from convenient access to local amenities, services and the surrounding area. With its combination of location, existing structures and development potential, this property represents an attractive opportunity for a buyer seeking to create a new home, undertake a residential investment or explore a small-scale development project.
An excellent investment opportunity in a convenient and well-connected location in Sotira, on Foti Pitta Street, approximately 600 metres from the town centre. The property comprises two existing buildings with a combined enclosed area of approximately 243 m², plus approximately 8 m² of covered verandas. The buildings are currently configured as a former restaurant and benefit from an existing restaurant licence. However, the property offers significant potential for alternative uses, renovation, adaptation or redevelopment, subject to the necessary planning permissions and approvals. The property presents an interesting opportunity for residential redevelopment and could potentially be suitable for the creation of a private residence, a small residential apartment development or another suitable investment project. Located close to the center of Sotira, the property benefits from convenient access to local amenities, services and the surrounding area. With its combination of location, existing structures and development potential, this property represents an attractive opportunity for a buyer seeking to create a new home, undertake a residential investment or explore a small-scale development project.
Built
1978
Finished sq. ft.
243 sq m
Lot Size
1044 sq m
Number of Floors
1
Website URL
IMLIX ID
6862
- 86 Views