Land Plot for Sale

For sale: a standalone, even and buildable corner plot with a total area of 1,021 sq.m., located within the New Town Plan of Ierapetra, in a developing area with increasing demand and very limited availability of similar large plots. With a building coefficient of 0.8, the property offers an indicative buildable area of up to approx. 817 sq.m., making it an excellent option for residential or investment development with strong returns. Its corner position ensures excellent access, increased visibility, and optimal building layout potential. Property Features: • Plot size: 1,021 sq.m. • Location: New Town Plan of Ierapetra • Building coefficient: 0.8 • Corner plot • Distance from Ierapetra city center: 500 m • Distance from the sea: 800 m • Asking price: €380,000 Advantages: • Building potential of approximately 817 sq.m., an ideal size for an apartment building or residential complex. • Within the city plan – immediate buildability and fast permitting process. • Corner plot offering enhanced visibility, optimal land utilization, increased commercial appeal, and improved architectural layout. • Its location, within the city plan and at a short distance from the center of Ierapetra, ideally meets the needs of anyone seeking a permanent residence with easy access to schools, services, and local amenities, combining quality of life, safety, and long-term capital appreciation. Indicative Development Options: • Construction of an apartment building for sale or rental. • Development of a residential complex or maisonettes. • Investment property for long-term or tourist-oriented use. • Suitable for the development of a high-spec private residence, ideal for owner-occupation or for a combination of residential use and future investment development, in a prime location within the urban plan of the city. Key Investment Advantages: • Rare plot size within the city plan. • Corner plot with a high building coefficient (FAR), in a commercially attractive location. • Suitable for immediate development. • Long-term capital appreciation with strong profit margins and high return on investment. • Allows for multiple business models and development scenarios • Advantage of rapid market absorption due to increasing housing demand and limited supply of new properties in Ierapetra, offering immediate and flexible exit strategies, either through resale or long-term income generation. An ideal opportunity for developers and private investors seeking a plot with clear urban planning parameters and high development potential in Ierapetra.