La Palmeira “great comercial opportunity”

THE MOST DESIRABLE COMERCIAL PROPERTY IN JACO.

Jaco is Costa Rica’s largest beachfront and most exciting beach front community, with more than 10,000 full time residents and retirees and growing all the time. Jaco contains all the municipal and national government services, making life so much easier as you get settled in your new move. There are many options, from modern grocery stores to emergency medical services, and a Jaco cinema and a national beach destination the first beach destination from San Jose.

This closed hotel is a great commercial opportunity and located on the Pastor and to be considered prime real estate in Jaco. This small Hotel was designed for big groups and for short and long term stay tourism. This small hotel has been closed since December 2019 and must be renovated as such. I calculate minimum a $200.000 investment to furnish the rooms and front desk lobby, and swimming pool. Permits have to be re ordered.

The hotel was designed for:
• 15 Bedrooms equipped with cable TV, AC, and a safe box.
• Owners to bedroom apartment with private access.
• 2 small tourist guides rooms
• 3000-meter lot and 2000 meter of construction.
• Empty lot of about 1000 meters for expansion of the hotel or apartments.
• Close walk or taxi to the Beach.
• Less than 3 minutes to Center of Town
• Total 16 Full Bathrooms + 2 Half Bathrooms
• Large private pool.
• Rancho area
• Non-Equipped Kitchen
• Potential commercial space on the front side of the Pastor Dias
• Corporate business could be extracted and small restaurant for lunch and dinner business.
• Segment of the virtual nomads since fiber optic internet access.
• Parking space for 16 cars.

Peter’s take on this property.
Great location on the Pastor Diaz south side with additional side street also. I would say a great opportunity as a small mixed business, between business with hotel with tourism and corporate market segment. Apartments could be added or retrofitted. Small restaurant could be added for breakfast and lunch business from the judicial branch and local business, dinner volume from the hotel guests and local business. Maybe a retrofit of a small conference area. Building can be retrofitted for digital nomads. Commercial business could be added for lease for stores. Retrofitted to host private groups.

Price reduction from $950.000 to $795.000