This unique beachfront property is the perfect property for a hotel development or the construction of several luxury vacation rentals. Sizeable, gorgeous, and centrally located, this property is a must-see for any developers looking to invest in the Santa Teresa area.
This property is a beachfront property with its concession granted. The concession zoning for this property is tourism accommodation area (ZAT). This is very special as this zoning is the maximum allowance for concession properties in this area. The concession has been approved to build up to 40 rooms across buildings that have a maximum height of 7m. The concession allows for a hotel, motel, cabins, restaurants, bars, discotheques, sports/entertainment centers, swimming pools, retail stores and much more. This property has so much potential!
The concession property is 10,026m2. In addition to this large beach front concession property, the owners are also including a 2,504m2 parcel of IDA property in this purchase. The current owners have applied for title of this IDA parcel and new owners would take over this process. This is fantastic because once titled, this IDA parcel will increase significantly in value. The total land size of these two parcels is 12,530m2.
The location of this property is amazing and the property runs all the way from the beach to the main road in Santa Teresa. It is absolutely gorgeous, entirely flat, and ready to build. There is also electricity and the public AyA water to the property.
If you are looking to build your dream hotel today, contact me today for more information about this property or to schedule a private viewing. This property is a one-of-a-kind property in Santa Teresa that is very valuable.