Property for sale in Garabito, Puntarenas

Centro Comercial El Barco is a landmark mixed-use commercial property located right in the center of Jacó, in the sought-after Paso Díaz area. The complex features 15 commercial units, 7 residential apartments, and a three-bedroom house, combining stable rental income with strong growth potential.

Operating at 80 percent occupancy, the property currently generates a net operating profit of 25,000 dollars per month, with a clear path to achieve over 40,000 dollars per month (490,000 dollars per year) through full occupancy, moderate rent adjustments, and optimized apartment rentals. This positions the asset to reach a 10 percent cap rate at the asking price.

Highlights:

• 15 commercial units with established tenants
• 7 residential apartments with short- or long-term rental potential
• 3-bedroom house on-site (rents up to 3,500 dollars per month)
• Current NOI: 25,000 dollars per month | Projected NOI: 40,000 dollars per month
• 80 percent occupancy with upside to full capacity
• Prime central location in Jacó, Paso Díaz area
• Excellent visibility, parking, and pedestrian access
• Expansion potential for additional commercial or residential units
• Asking price: 4,900,000 dollars – negotiable

Investor insight:

Centro Comercial El Barco already delivers consistent income and strong fundamentals, but its true potential lies in the upside. With modest lease optimization, full occupancy, and light expansion, investors can elevate returns toward a 10 percent cap rate or higher. This makes it an excellent first step into Costa Rica’s commercial market, offering both stability and room for growth.

Peter’s Reflection

Centro Comercial El Barco represents the kind of property that defines opportunity in today’s Costa Rican market. Located right in the center of Jacó’s Paso Díaz area, it combines visibility, accessibility, and diverse income sources in one asset. It already performs well, with a solid tenant mix and predictable cash flow, yet it still has room to grow.

With a bit of management focus and strategic upgrades, El Barco can evolve from a steady performer into a high-yield mixed-use investment. For an investor entering or expanding in Jacó’s commercial scene, this is a great first step — a proven income generator with clear upside and long-term appreciation potential.