Plaza Vista Verde: 10 Unit Commercial Center For Sale in Playa Potrero, Costa Rica

Playa Potrero, Tempate, Santa Cruz, Guanacaste, Costa Rica

Basic Listing Information

Price
$550,000
Listing ID
CS1400594
Property Type
Strip Center Complex
Listing Type
Commercial Sale
Status
Sold
Images
17
Beds/Baths
-/6
Location Type
Ocean-Vicinity, Oceanfront
View Type
Beach View, Greenbelt View, Mountain View, Southern View, Western View, Wooded View
Total Lot Size
469.00 m² (5,048.25 sq ft)
Total Interior Area
1,000.00 m² (10,763.87 sq ft)

Contact Information

Agency
Overseas Homes
Agent
Property Manager
Office Phone
+1 941-952-7851
Email
referrals.costarica@propertyshelf.com
Website
https://flamingocostarica.com

Tenants include a Dentist Office (33.5 M2), Hair Salon (48.5 M2), Masseuse (48.5 M2), Property Management Company (33.5 M2), Sushi Restaurant (55 M2), Grocery Store (193 M2), and Real Estate Brokerage (25 M2). Rents are currently below normal do to the ripple effect of the US housing market crash. The Pendulum is now swinging the other way and investors, retirees and second home buyers have renewed interest in the area. The Costa Rica real estate market is regaining it's strength. This in an extremely solid investment. Top floor restaurant & terrace (available) has 1959 SF of indoor space and 2150 SF of outdoor space. This space could also be converted into a private 4 bedroom luxury condo with a private elevator. Restaurant has central air conditioning installed. Current Cap rate is at 9%. Cap rate should return to 12-14% over the next 1-2 years. SELLER FINANCING AVAILABLE! 50% Down Payment 5-10 Year Balloon Amortized 25 year 5% Interest Rate Located in Playa Potrero. Vista Verde is located in the Surfside Estates community of Playa Potrero. Potrero is just north of Playa Flamingo on the road to Las Catalinas. Area is drastically changing with renewed interest from American and Canadian investors. Main road was just paved going through Potrero. This alone is going to bring new home buyers and investors to the area. Unit Sizes / Rental Rates: Unit 1: 55m2 / 592 SF (Tobico Sushi) Unit 2: 193m2 / 2077 SF (Super Plaza Verde Grocery Store) Unit 3: 25m2 / 269 SF (Krain Costa Rica) Unit 4: 25m2 / 269 SF (common area kitchen / available) Unit 5: 33.5m2 / 360 SF (Dentist) Unit 6: 48.5m2 / 522 SF (Beauty Salon) Unit 7: 48.5m2 / 522 SF (Masseuse) Unit 8: 33.5m2 / 360 SF (House of Rentals) Unit 9: 25m2 269 SF (Available) Unit 10: 382m2 / 4110 SF Total (Inside & Outside) 182m2 / 1959 SF (inside) & 200m2 / 2151 SF (outside) / R

Details

Roof Type
Stone
Number of Units
10
Number of Full Bathrooms
6
Unit Floor
1
Number of Stories
3
Total Interior Area
1,000.00 m² (10,763.87 sq ft)
Total Lot Size
469.00 m² (5,048.25 sq ft)
Floor Type
Concrete
Construction Status
New Construction
Construction Type
Concrete Block
Year Built
2009
Air Condition Type
Central, Multiple Wall Units
Furnished Type
Partially
Pool
No
Jacuzzi
No
Parking Type
Detached Carport
Number of Parking Spaces
6
Telephone
Yes
Internet Types
Cable Internet, DSL Internet
Television Types
High Def. Cable TV
BBQ
No

Geography

Location
Playa Potrero, Tempate, Santa Cruz, Guanacaste, Costa Rica
Country
Costa Rica
State
Guanacaste
County
Santa Cruz
District
Tempate
City/Town
Playa Potrero
Location Type
Ocean-Vicinity, Oceanfront
Geographic Type
Dry Forest
View Type
Beach View, Greenbelt View, Mountain View, Southern View, Western View, Wooded View

Features

Interior Features Included
Bar, Elevator, Fully Equiped Kitchen, High Ceilings, Recessed Lighting
Exterior Features Included
Balcony, Elevator

Infrastructure

Street Access Type
Paved Road
Type of Water
City Water
Sewer Available
No
Type of Internet
Cable Internet, DSL Internet
Type of Television
Cable Television
Type of Electricity
Public
Telephone Available
Yes

Financial/Legal

Price per Air-Conditionable Living Area
$550.00/m2 ($51.10/sqft)
Price per Square Meter
$1,172.71/m2 ($108.95/sqft)
List Price
$550,000
Ownership Type
Fee Simple

More about this property

Seller is offering a fixed 5% Interest rate over a 20 year term with a $150K down payment. You will not get better terms anywhere! Tenants include a Dentist Office (33.5 M2), Hair Salon (48.5 M2), Masseuse (48.5 M2), Property Management Company (33.5 M2), Sushi Restaurant (55 M2), Grocery Store (193 M2), and Real Estate Brokerage (25 M2). Rents are currently below normal do to the ripple effect of the US housing market crash. The Pendulum is now swinging the other way and investors, retirees and second home buyers have renewed interest in the area. The Costa Rica real estate market is regaining it's strength. This in an extremely solid investment. Top floor restaurant & terrace (available) has 1959 SF of indoor space and 2150 SF of outdoor space. This space could also be converted into a private 4 bedroom luxury condo with a private elevator. Restaurant has central air conditioning installed. Current Cap rate is at 9%. Cap rate should return to 12-14% over the next 1-2 years. SELLER FINANCING AVAILABLE! As little as 18% Down Payment(100K), 20 Year term, and 5% Interest Rate! Located in Playa Potrero. Vista Verde is located in the Surfside Estates community of Playa Potrero. Potrero is just north of Playa Flamingo on the road to Las Catalinas. Area is drastically changing with renewed interest from American and Canadian investors. Main road was just paved going through Potrero. This alone is going to bring new home buyers and investors to the area. Unit Sizes / Rental Rates: Unit 1: 55m2 / 592 SF (Tobico Sushi) Unit 2: 193m2 / 2077 SF (Super Plaza Verde Grocery Store) Unit 3: 25m2 / 269 SF (Krain Costa Rica) Unit 4: 25m2 / 269 SF (common area kitchen / available) Unit 5: 33.5m2 / 360 SF (Dentist) Unit 6: 48.5m2 / 522 SF (Beauty Salon) Unit 7: 48.5m2 / 522 SF (Masseuse) Unit 8: 33.5m2 / 360 SF (House of Rentals) Unit 9: 25m2 269 SF (Available) Unit 10: 382m2 / 4110 SF Total (Inside & Outside) 182m2 / 1959 SF (inside) & 200m2 / 2151 SF (outside) / R

Listing Images