Commercial Lot with Apartments

Ref # : 8-580

Location : Santa Teresa

Price : $ 650,000 Sold

Land Size : 600 m2 or 0.14 acres

Bedrooms : 4

Bathrooms : 4


Types : Commercial   House   walking distance to the beach  

Features : Income Producing   Swimming Pool   Walking Distance to the Beach  


Water : Public Water

Power : Yes

Access : Public Road

Title : Titled


Status : Sold

Date Sold : 05/10/2022


Real Estate Description

One of the last small, commercial lots available in Central Santa Teresa! Located in a booming area with several shopping centers and restaurants where you can be in the middle of the action and just few steps from the sand. Currently, the property has 4 existing apartments built in 2005 and a shared pool and is being used as a successful short term rental. There are 2 separate, 2 story structures , each one with 2 apartments and an outdoor area that looks unto the pool. The land is zoned both residential and commercial, therefore the future owner can keep it as is and continue to use as a rental income, convert to condos and build additional buildings (up to 450m2 and up tp 3 stories) , build a single family home or a commercial plaza. The property has 20 m of public road front and is 30 meters deep, all flat and has all public services including AYA water

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