Santa Teresa Prime Oceanfront Property Hotel and Beach Restaurant on Playa Carmen

 

Price: $ 2,250,000
Location: Santa Teresa
Type: Hotel / Ocean Front
Built area: 880 sqm
Land area: 7,496 sqm

 

Great opportunity to acquire centrally located ocean front property for medium density hotel/commercial development or private enjoyment. The property is located in front of the area's most popular surf breaks, Playa Carmen, and is currently operated as a hotel. The large commercial beachfront property in Santa Teresa offers lots of expansion potential as well for the investor with imagination.
This is one of the rare 100% legal beachfront restaurants and has a very avid following. The owner has meticulously and doggedly negotiated the interstices of the Costa Rican Maritime system and is fully compliant with the laws, unlike the vast majority of maritime operations.
The entrance driveway passes through well-groomed flowering gardens to reveal the current structures:
•   7,496 m² of registered ocean front concession land; concession renewable in June 2027
•   2,228 m² of adjacent titled land with 49 meters of valuable Santa Teresa commercial road frontage
•   Zoned ZAT-1 for hotel/commercial development, allowing for 50% ground coverage and up to two floors (i.e. 24 units in addition to existing structures)
•   Operational licenses (Hotel License and operational permit from the Health Ministry)
•   5 bedroom villa on two levels with roof terrace
•   1 private casita
•   Brand new Beachfront Restaurant
•   Beachfront yoga deck
•   15 x 6m swimming pool
•   Up to code Tanque-10 Waste Treatment Plant
•   Access to property from main road as well as beach access road
•   Private beach access
•   Extensive irrigation and drainage systems
•   Ample parking is well illuminated
•   Municipal water supply and two wells, one on the titled parcel and one on the concession piece.
Concession parcel with road frontage on Santa Teresa's main drag may be acquired independently for $1,200,000. Seller financing is possible.

Great opportunity to acquire a centrally located ocean front property for medium density hotel/commercial development or private enjoyment. The property is located in front of the area's most popular surf breaks, Playa Carmen, and is currently operated as a hotel.

The large commercial beachfront property in Santa Teresa offers lots of expansion potential as well for the investor with imagination.

This is one of the rare 100% legal beachfront restaurants and has a very avid following. The owner has meticulously and doggedly negotiated the interstices of the Costa Rican Maritime system and is fully compliant with the laws, unlike the vast majority of maritime operations.

The entrance driveway passes through well-groomed flowering gardens to reveal the current structures:

•   7,496 m² of registered ocean front concession land; concession renewable in June 2027
•   Zoned ZAT-1 for hotel/commercial development, allowing for 50% ground coverage and up to two floors (i.e. 24 units in addition to existing structures)
•   5 bedroom villa on two levels with roof terrace
•   2 private 90 sqm bungalows 
•   Beachfront restaurant with restaurant and bar licence (Class E)
•   70sqm covered beachfront yoga deck
•   120sqm beachfront swimming pool
•   Two Tanque-10 Waste Treatment Plants
•   Access to property from public road as well as beach access road
•   Private beach access
•   Extensive irrigation and drainage systems
•   Municipal water supply and an own well

A contiguous, titled 2224 sqm corner lot can be purchased additionally. The flat land is zoned for commercial use and has 100m of public road frontage next to Santa Teresa's main commercial center.

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