HOT NEW LISTING! Commercial Center, Boutique Hotel and Art Gallery for sale in Costa Rica
- Land size: 2,600 m2 (0.65 acres)
- Construction size: 1,700 (18,000 sq feet)
Making US$370,000 gross sales
Owner financing available with 50% deposit
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This is an excellent income producer property in the Central Pacific providing a steady cash flow from 3 different sources: an upscale commercial center with 11 stores, a boutique hotel with 11 large suites and an art gallery. It is now for sale in a superb destination of Costa Rica: Manuel Antonio.
Our valuation of the Real Estate physical assets, all the furniture, equipment, decorations and the art gallery inventory that comes with it, already exceeds the asking price.
The key to this Costa Rican business for sale: the ho12tel, the art gallery and the commercial center is included in the price at no cost for the buyer. The key to the business itself is worth a substantial amount of money considering that altogether it is generating US$270,000 NET PER YEAR and there is a lot of room to increase this number. The business is already entering it's 5th year of operation...
EXPANSION: There are also approved permits in the Municipality for an additional 250 m2 of construction in 3 stories (another 3-4 hotel rooms). All accessible and connected to the rest.
In a snapshot:
11 commercial stores all rented out to stable tenants (most of them since the beginning of the operation and some have already renewed for a second term) generating close to US$8,000 a month.
11 large beautifully decorated hotel suites generating an average of US$19,000 month. The hotel has an occupancy rate of 70%-80% year around with Peaks of 100% occupancy in January, February and March.
Art Gallery producing sales of approximately US$4,500 month average
Additional features:
- 100 meters of frontage to the street.
- 95 meters of frontage sidewalk
- Parking (27 vehicles)
- Handicap accessible.
- 2 public sets of women, men and handicapped restrooms.
- Pool immerse in the jungle with large deck in teak (newly constructed)
VERY LOW Fixed operation cost: US$5,500 average per month. Stable staff and manager of 4 years...
Sales tax on Hotel and Art Gallery: averages US$3,000 per month
Buy it today with 50% down! SELLER FINANCING AVAILABLE: Interest only payments for 5-years at 8% and a balloon at the end of the term.
CONTACT TODAY!
