If you have many rows that satisfy the equality predicates on Name, Size, and PType columns then you may want to include range predicates on the Area column in your query. If the Area column is indexed this could allow efficient index-based access.
The following query (written using Oracle syntax) uses one branch of a UNION ALL to find the record with minimal Area >= your target, while the other branch finds the record with maximal Area < your target. One of these two records will be the record that you are looking for. Then you can ORDER BY ABS(Area - ?input) to pick the winner out of those two candidates. Unfortunately the query is complex due to nested SELECTS that are needed to enforce the desired ROWNUM / ORDER BY precedence.
SELECT *
FROM
(SELECT * FROM
(SELECT * FROM
(SELECT * FROM [myTable]
WHERE Name = 'Test' AND Size = 2 AND PType = 'p' AND Area >= ?target
ORDER BY Area)
WHERE ROWNUM < 2
UNION ALL
SELECT * FROM
(SELECT * FROM [myTable]
WHERE Name = 'Test' AND Size = 2 AND PType = 'p' AND Area < ?target
ORDER BY Area DESC)
WHERE ROWNUM < 2)
ORDER BY ABS(Area - ?target))
WHERE rownum < 2
A good index for this query would be (Name, Size, PType, Area), in which case the expected query execution plan would be based on two index range scans that each returned a single row.