Commercial property for sale in San José, Upala

Key facts

About this property

This property is a 900 SqM studio shophouse featuring 11 bathrooms, available for sale in San José. Completed in January 2009, it is listed at a base price of $1,150,000 ($1,278/SqM). This mixed-use building combines commercial and residential spaces, offering immediate profitability and long-term appreciation potential. It is suitable for those seeking a property that generates consistent and diversified income. The total area of 900 m² is distributed across three levels. The first level includes three strategically located commercial spaces, designed to attract a steady flow of customers. The second and third levels contain eight newly constructed one-bedroom, one-bathroom apartments, ideal for traditional rentals or platforms like Airbnb. Each floor has a laundry area for the convenience of residents, and natural light patios fill the spaces with energy. The rooftop provides panoramic views of the city and can be developed into a recreational area. This property is already generating income and is currently operational, allowing for immediate revenue generation upon purchase. Its prime location in the historic center ensures high pedestrian, commercial, and tourist traffic, while ongoing urban development in the area promises future property value increases. Key financial details include a cap rate of 8%, offering exceptional returns for an urban investment. This property is more than just a building; it serves as an income-generating machine and a key asset for diversifying your real estate portfolio. Don't miss the chance to own a strategic asset in one of the most dynamic areas of San José.

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

Property details

Location

San José, Upala, Alajuela · approximate location