Commercial property for sale in Escazú, San José

Price: $1,700,000
Location: San Antonio de Escazú, San José.

General Description: This 6,940 m² property represents a strategic opportunity for investors seeking a luxury real estate asset with immediate cash flow and high expansion potential. Located in the mountains of San Antonio de Escazú, the complex offers unparalleled panoramic views of the Central Valley and a rustic-colonial design that stands out for its warmth and elegance.

Luxury Infrastructure and Finishes: The complex is distributed across three independent properties housing 14 rentable units (villas and studios), each with premium finishes:

Interiors: Solid wood floors, coffered ceilings with exposed beams, and built-in fireplaces.

Exteriors: Spacious terraces with handcrafted mosaics, antique Nicaraguan tile roofs, and social areas that include a lounge with a bar and billiards.

Self-sufficiency: The property has its own pure water well and storage system, completely eliminating water consumption costs.

Security: Controlled access via electric gate and on-site residence for security guard/maintenance personnel.

Investment Analysis:

Net Operating Income (NOI): $73,538 annually.

Current Cap Rate: 4.33% (based on current rents that retain post-pandemic discounts).

Growth Potential: The 6,000 m² main property allows for the construction of additional units. Furthermore, it has a valid hotel license, facilitating conversion to a short-term rental model (Airbnb) or a boutique hotel to maximize returns.

Premier Investment Estate in Escazú: 14 Units, Hotel License & Prime Development Land
Price: $1,700,000
Location: San Antonio de Escazú, San José.

Property Overview:
This 6940 m² estate is a rare find in the prestigious heights of San Antonio de Escazú. Offering a blend of immediate operational income and massive development upside, the property consists of three independent land titles and a total of 14 rental units. The architecture is a masterpiece of rustic-colonial design, blending natural materials with breathtaking panoramic views of the city and mountains.

High-End Finishes & Infrastructure:
Each villa and studio is designed with a focus on luxury and comfort:

Premium Interiors: Polished solid hardwood floors, vaulted ceilings with exposed beams, and integrated fireplaces.

Outdoor Living: Expansive terraces with handcrafted tiles and social areas featuring a private bar and billiard lounge.

Operational Advantage: A private deep-water well provides pure water to the entire estate, resulting in zero water utility costs.

Security: Gated entrance with electric access and on-site quarters for security and maintenance staff.

Investment Highlights:

Net Operating Income (NOI): $73,538 per year.

Current Yield (Cap Rate): 4.33% (Calculated using current rental rates, many of which still reflect pandemic-era discounts).

Strategic Upside: With an active hotel license and over 6000 m² of buildable land on the primary lot, there is significant room to increase density or transition into a high-end Boutique Hotel or short-term rental operation to boost the ROI.