About Turnkey Income With Development Upside
Located in the heart of Santa Teresa, this property offers a rare combination of established rental income, development potential, and prime location. Just a short walk from the beach and with public street-frontage, this property offers both immediate income and long-term development posibilities.
There is a fully operational bar/restaurant currently under lease at the front of the property along the main road in Santa Teresa. This business provides immediate returns for a new owner. Behind the restaurant, the property features a two-bedroom home that is suitable for long- or short-term rentals. The rear portion of the property remains largely undeveloped, offering quite a bit of space for future development. Its mixed use zoning allows for both residential and commercial use, making it well-suited for a private residence, boutique accommodation, or a mixed-use project. The property is connected to electricity and the public AyA water infrastructure.
This property is ideal for investors seeking a balanced mix of already existing passive income and future development opportunities in a growing coastal market. Contact me today for more information!
