Two unique properties listed for sale in the Southern Pacific Zone include a famous beachfront hotel/restaurant and a 153-acre development with 24 residential lots.
It’s not every day that a new owner can step into an established, ongoing enterprise and enjoy a healthy cash flow, with minimal effort, but Tortilla Flats is that business.
Tortilla Flats Hotel, Restaurant and Bar has been a top attraction for years in the growing beach town of Playa Dominical. Some say it put Dominical on the map!
Location, location and location are the main reasons for Tortilla Flats’ amazing popularity. “As the only beachfront bar and restaurant in town, Tortilla Flats is the gathering place for both locals and tourists. It is usually full of customers, and the hotel rooms are booked during high season,” says Sales Associate Matthew Paul of Coldwell Banker Vesta Group, Dominical.
“Beachgoers and surfers cannot resist stopping off for drinks before heading home,” says Paul.
Tortilla Flats’ beachfront tables offer a window to world-class surfing, dazzling sunsets and people-watching. Guests rave about the delicious breakfasts, lunches and candle-lit dinners in the open-air restaurant. The small, unique hotel offers 18 rooms adjacent to the restaurant, tucked in and nicely shaded by the mango, almond and palm trees.
“The hotel and restaurant-bar are consistent, reliable revenue-earners,” says Paul. “Cash flow has increased each year since the current owner took over in the year 2000.”
This property has all required permits and zoning in the Dominical Plan Regulador. A 26-year government concession to operate within the Maritime Zone is in final approval stages. It is listed for $1,850,000.
For buyers interested in large development properties, there are excellent investment opportunities available in the Southern Pacific Zone. South of Dominical, a 153-acre farm fronts the Coronado River.
“The farm is already segregated into 24 lots, with infrastructure, ready for development. Roads and building sites are in place for 80% of the lots. Each lot has its own individual corporation,” says Daveed M. Hollander, president of Coldwell Banker Vesta Group.
“Coronado is an up-and-coming area with unlimited opportunities. These lots are considered first-ridge properties with unique views overlooking the Terraba River Delta and beyond to the Osa Peninsula,” Hollander says.
The owner is willing to sell individual lots, or package the lots together for $2,200,000. He will consider financing options, Hollander says.
South Pacific Real Estate For Sale.
If you have ever dreamed of living in a place that’s as close to a tropical paradise as you can find … Please contact our Recommended Costa Rica Realtors James Drews, Daveed Hollander and John Wieland in the Southern Pacific area, by using the simple form below:
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