for Sale in Pegeia, Paphos District

Located on the ground floor of a well-maintained complex in the very heart of Coral Bay, this commercial unit offers a rare and highly flexible opportunity in one of Pafos’s most sought-after coastal locations. The property is currently designated for commercial use and includes a mezzanine level, kitchenette, and WC, while also offering the legal possibility of conversion into a residential apartment.
This versatility makes the property equally attractive for retail, office, or service-oriented use, as well as for future transformation into a holiday residence or short-term rental unit. Coral Bay is renowned for its sandy beaches, crystal-clear waters, and relaxed Mediterranean atmosphere. Unlike many other areas, apartment buildings here are limited, with the neighborhood dominated by villas and holiday resorts — a factor that significantly enhances both demand and long-term value.
The shop benefits from strong visibility, convenient access, and close proximity to restaurants, cafés, and everyday amenities, ensuring consistent interest from both customers and potential tenants. Whether retained as a commercial space or reimagined as a residential unit, this property represents a well-balanced asset combining location, flexibility, and enduring investment appeal in one of Cyprus’s most desirable seaside areas.