STRATEGIC INCOME - PRODUCING COMMERCIALPROPORTY IN CENTRAL ALAJUELA WITH MAJOR REDEVELOPMENT POTENTIAL.
For Sale

$ 1,593,000.00

Property information, availability, prices, measurements, photos, and status may change without notice. Please confirm all details with the office before making decisions.

This property has been viewed 18 times.

listing details
  • Listing ID: 400384595002
  • Property type: Lot/Land
  • Contract type: For Sale
  • Price: $ 1,593,000.00
  • Listed by: RE/MAX FORTALEZA METROPOLI
  • Lot size: 3,381.43 Sq. Mt. - 36,397.37 Sq Ft.
Description

This property represents an excellent opportunity for investors, developers, and companies seeking a large property with excellent visibility and multiple development possibilities in Downtown Alajuela.

The property offers 3,381.43 m² (36,397 sq. ft. / 0.84 acres) of land, approximately 1,010 m² (10,872 sq. ft.) of existing structures, and an important 14.60-meter (47.90-ft.) frontage along the public road. It is located directly across from National Primary Route 3 (Calle Ancha de Alajuela), providing excellent vehicular visibility and strategic access within an established urban area.

One of its main advantages is its mixed residential and commercial zoning. The property is located within the Mixed Commercial-Residential Sub-Zone (SZMCR), which permits commercial activities, public and private services, single-family housing, and multifamily housing.

The property currently retains the structures that previously housed a two-story supermarket and two workshops, as well as loading and unloading areas, a freezer room, storage area, restrooms, and additional spaces. These areas are currently vacant. In addition, there is a small restaurant/soda at the front of the property, which is currently leased and therefore generates rental income from the moment of purchase.

TWO PURCHASE OPTIONS


Option 1: Purchase the property with the existing structures, allowing the buyer to remodel, repurpose, or integrate the current buildings into a new development ($1,195,000).

Option 2: Purchase the property without the existing structures. Under this option, the current owners will be responsible for the demolition, allowing the buyer to receive the property as a cleared site and begin their project completely from scratch ($1,593,000).

The sale price varies depending on the selected option, whether purchased with the existing structures or with demolition included.

The property has municipal water, three-phase electricity, sanitary sewer service, and other utilities, providing valuable infrastructure for larger-scale development projects.

Its size, mixed zoning, and location make it suitable for considering projects such as apartments, multifamily housing, commercial spaces, offices, service businesses, income-producing spaces, or mixed residential-commercial developments.

A property offering 3,381.43 m² of land, 14.60 meters of frontage, mixed residential and commercial zoning, and two acquisition options, allowing the investor to choose between maximizing the existing structures or starting completely from scratch.

Transparency Note


The property has an irregular and elongated shape, with approximately 14.60 meters (47.90 ft.) of frontage. The existing structures are in fair condition, allowing the buyer to evaluate remodeling or repurposing them, or alternatively purchasing the property with the buildings removed, depending on the development project they wish to undertake.

Map
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