The Iplik Pazari Mosque was built in the 18th or 19th century. It was named after a cotton bazaar formerly occupying the spot. Records document the mosque's restoration in 1826, and, again, in 1899 by Mehmet Sadik, the then director of the Evkav Office (trust fund for Islamic estates).

The Iplik Pazari Mosque is a fine example of an especially simple architectural style unique to Cyprus, featuring an essentially rectangular shape, an arch-supported wooden ceiling, and a portico on one side of the builing.

A stone built hexagonal well dominates the Iplik Pazari Mosque's yard. The minaret is substantially older than the mosque proper, and supposedly a remnant of the earlier Haci Ahmet Aga Mosque. Its single balcony and conical stone top make the minaret one of only two in Cyprus of this design.