What's MLS Mario saying...?
By address and size alone, a once in a generation property with timeless value. As is, the property features 1278 m2 (one-third acre) of land, 13 bedrooms with private bathrooms, a caretakers house, garage, and a restaurant.
All of that aside, the true value is in the land. From the back of the property, walk two blocks to parque central, three blocks to the central market, and be within walking distance to the stores and services of town.
From the front door, step out to the Riviera of San Juan del Sur beach and bay, benefit from the forthcoming Malecon (boardwalk) improvements, and enjoy the free exposure to thousands of tourists annually. The highly rated hostel is ready to assume, but the highest and best use would be a mixed commercial development.
This property is so large, the options are limitless.
Imagine what San Juan del Sur needs * a retail plaza anchored by a fashionable restaurant or caf©, with retail and commercial on the interior, condo or townhomes in back and an upscale ocean view hotel.
Take advantage of the prime real estate exposure to provide services and retail at the front, and professional services at back.
Although it is at one of the busiest locations in San Juan del Sur, the interior is beautifully shaded by large trees, and the backside is a quiet residential street. Without comparison, this is clearly below value, a tremendously large parcel, a very rare opportunity, and the most desirable location. Note that the furnishings and finishes of the hostel business are available separately. One must see in person to understand the extraordinarily large size of the parcel.
Once this property is sold, it is unlikely there will be anything similar for years to come.
Please contact us today to beginyour next successful venture! Contact us for more information.
(Tim Sullivan)
