This is a pretty exciting listing in Costa Rica that we got a short time ago. It's exciting because of its great location, and the potential that this property holds!
The Hotel Rio Mar is a 52-room hotel with room for additional rooms to be constructed. Located in a large lot bordered on one side by the beach, and on the other side by the Barranca river, this property boasts ample natural vegetation. It is located just 200 m from a world renowned surf spot, Boca Barranca, and 500 m from the popular tourist destination, Ana Dona Beach.
A restaurant is on site, providing cervezas to the thirsty surfers and beach-goers! 2 minutes away are shops, supermarkets, pharmacies, banks, restaurants, and more. Another 3 minutes and you'll find Monsenor Sanabria Hospital and the major trade port, Puerto Caldera.
The beauty of this property is its potential. With a little more money, the savvy investor-buyer can spruce up the hotel, build 50 more rooms, and acommodate the thousands of tourists that come to the area each year. The world renowned surf spot of Boca Barranca draws surfers from all over the world, and they are looking for some comfortable, inexpensive rooms to lay their head, and a restaurant to fill their belly to power them through the next surf day!
In addition, the current sellers - who also manage the hotel - are willing to continue managing the hotel for the buyer.
If the investor-buyer is not interested in running a hotel, then they can tear down the hotel and replace it with a casino, shopping mall, or other tourist attraction. Its prime location and large lot size makes affords the savvy buyer a wealth of options
This property is priced at $1.5M. WE PAY REFERRAL FEES. We have lenders that can fund this foreign purchase.
Questions? Interested? Contact Tiffany Wilson at 1-310-503-0557, or at twilson@compasscostarica.net
See pictures of this property on Facebook.com.
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