Retail space for sale in Carmen, San José · 1,634 m²

Code 2.5PCU9935655 Exceptional commercial investment opportunity located in the heart of the historic Barrio Amun. The Hotel is a unique establishment located in a magnificently renovated 1929 mansion, combining historic architectural charm with significant refurbishment potential. The property consists of five consolidated plots totalling 1,634 m², with mixed residential and commercial zoning (ZMRC). Although currently operating as a successful 28-room boutique hotel renovated in 2022, the site offers significant untapped development potential. With a height coefficient of 2.50, there is the possibility of developing a total of 10,437 m² distributed over seven floors. The current layout offers enormous potential for a refurbishment and the reopening of the bar and restaurant, which has a direct street façade, to take advantage not only of hotel guests, but also of the bustling neighbourhood of Barrio Amón. In addition, a coveted casino license, almost impossible to obtain today, makes this hotel investment opportunity even more unique, allowing a hotel and casino operator to truly tap into the revenue potential. One of the five plots currently houses a car park, but it is connected to one of the hotel's rear plots, so the difficulty of finding parking in this central location is not a problem for this property. For pure developers, the opportunity here lies in the location and value of the land. This highly coveted corner is located just a few minutes from the heart of downtown San Jose, as well as two blocks from the entrance to one of the main connecting arteries that distributes traffic to Highway 32 to sections of Heredia, as well as to Barrio Tournon, Barrio Mexico, Paseo Colón, Uruca, the airport and the western suburbs. The site offers a unique opportunity to build studio apartments for the working middle class who yearn to enjoy the proximity, and the zoning of this property allows for the construction of a seven-storey building. Since the seller has priced the property well below the replacement value – and in fact only the value of the land – this property deserves to be carefully considered. Key aspects of the investment include: - Development flexibility: Options range from vertical expansion and mixed-use residential development to preservation of the historic façade with interior modernization. - Privileged location: Located in a very walkable neighborhood, close to the National Theater, museums and galleries, which guarantees its long-term value. - Turnkey operation: The hotel has a tropical cuisine restaurant, a bar, a business center, and private parking, and is backed by a loyal clientele and experienced staff. This property represents a rare balance between immediate cash flow and long-term appreciation potential in one of San Jose's most storied neighborhoods. English version Code 2.5PCU9935655 Exceptional commercial investment opportunity located in the heart of historic Barrio Amón. The hotel, a unique property housed in a beautifully converted 1929 mansion that combines historic architectural charm with significant redevelopment potential. The property consists of five consolidated lots totaling 1,634 m², with Mixed Residential Commercial (ZMRC) zoning. While it currently operates as a successful 28 room boutique hotel renovated in 2022, the site offers substantial unused development. With a height coefficient of 2.50, there is potential to develop a total of 10,437 m² across seven stories. The current layout offers tremendous potential for a remodel, and the re-opening of the bar and restaurant which boasts direct street frontage, to take advantage not only of the hotel guests, but the bustling neighborhood of Barrio Amón. Furthermore, a coveted casino license, nearly impossible to obtain today, makes this hotel investment opportunity even more unique, allowing a hotel and casino operator to truly leverage the income potential. One of the five lots is currently host to a parking lot yet connects to one fo the rear lots of the hotel, therefore, hard to find parking in this downtown location is not an issue for this property. For pure developers, the opportunity here is the location, and the land value. This highly sought after street corner is situated just minutes to the heart of downtown San José, as well as two blocks from the entrance of one of the main connecting arteries that distributes traffic to Highway 32 to sections of Heredia, as well as Barrio Tournon, Barrio México, Paseo Colón, Uruca, the airport and the western suburbs. The site screams opportunity for studio apartments for the middle-class work force that yearns to enjoy proximity, and the zoning of this property offers the ability to build a seven story mid rise. With the seller pricing the property at well below replacement value and truly at land only replacement, this property deserves a hard look. Key investment highlights include: - Development Flexibility: Options range from vertical expansion and mixed use residential development to preserving the historic façade while modernizing the interior. - Prime Location: Situated in a highly walkable district near the National Theater, museums, and galleries, ensuring long term value. - Turn key Operation: The hotel features a tropical restaurant, bar, business center, and private parking, supported by a loyal clientele and experienced staff. This property represents a rare balance of immediate cash flow and long term upside in one of San José's most storied neighborhoods.