Unique property ID: 009759 Location: San Juan del Sur
Square Meters: 409 Lot Size: 409 Status: Active
Price: US $360,000
Full Description: REDUCED TO $360,000 USD FROM $390,000 USD!!!
Commercial property in town is becoming more coveted and harder to find as the once sleepy fishing village of San Juan del Sur continues to grow into the most vibrant and trafficked tourist destination in Nicaragua. This commercial property in town offers endless options for an investor looking to take advantage of the growing influx of visitors and residents in town. With new restaurants, bars, shops and activities coming on to the scene, this property provides an excellent opportunity to join the evolving residential and commercial community in town.
This 400 square meter commercial property in town is perfectly situated on the burgeoning south-side of town away from the noisier, party focused, north-side of town. Located less than a half block from the Central Park, a block & a half from the beach, and neighboring some local landmarks – this property has great mixed-use potential. The property stretches the width of a full block and has 10 meters of frontage on two different streets. The southern frontage is directly across the street from the very popular Zen Yoga Studio & eatery Buddah’s Garden. Mauricio’s Pizzeria, a local staple in town, is directly east of the property. In addition to the Central Park which is less than a half block away, there are two new hotels being built on the same street as this commercial property. The northern frontage of the property is one block from the central market, a half block from the famous Casa Oro Hostel, and the ocean is right down the block!
This commercial property in town has an existing colonial home that occupies approximately 50% of the land with 5 bedrooms and 6 bathrooms and is currently being operated as a hostel. There is also an additional large room with a bathroom and AC behind the house.
A mixed-use commercial-residential property would be an ideal project for this property. Build out commercial store fronts on both the northern and southern frontages to obtain a steady rental income from commercial tenants. Build condos / apartments above the commercial store fronts to sell or rent for both long and short term. A boutique hotel with a restaurant concept would also fit perfectly.
Imagination is your only obstacle, transform this commercial property in town to the mixed-use money maker of your dreams!