Commercial property for sale in San José, Upala

Key facts

About this property

This unique investment opportunity is located in Los Yoses, Montes de Oca. The property is a corner lot with high strategic value, situated in one of the most dynamic commercial areas with potential for appreciation in the eastern part of San José. It spans 1,010 m² and has mixed-use zoning, making it suitable for vertical real estate development or as a heritage investment with immediate cash flow. The property allows for a height of up to five levels, making it an exceptional option for residential, corporate, commercial, or hotel projects. Currently, there are two two-level buildings, fully rented, operating as a hostel and restaurant, ensuring immediate profitability from day one. The property includes existing parking spaces, a key added value in this high-demand urban area, enhancing its appeal for current tenants and future developments. It has a bank appraisal conducted in 2021 for USD $2,250,000 and is now offered below its market value, representing a real purchasing opportunity with potential for profit and appreciation.

Description rewritten by costaricarealtor.com from the public listing. See the original source for full details and photos.

Location

San José, Upala, Alajuela · approximate location