Looking for a lucrative investment opportunity in Costa Rica? Look no further than this mini hotel with a pizza restaurant located in a prime location, only 12 minutes drive from La Fortuna in El Tanque, San Carlos.
This unique property is fully fenced-in with a river (Rio Fortuna) right next to the property, allowing guests to swim and bathe in the water that came all the way from the Fortuna Waterfall. The location alone guarantees high booking rates, making it a great investment for anyone looking to make good money from a small hotel/restaurant.
The property is detailed in high quality wood material – Cedar and Laurel, with many custom-made rustic furniture/tables using high quality Guanacaste wood.
Property includes a massive 2-story house with a rustic upstairs 3-bedroom, 1-bathroom apartment complete with a kitchen, living room, and laundry room.
Downstairs, there are 3 additional spacious hotel-like rooms with private large bathrooms and kitchenettes that can be rented out to tourists.
This property is currently not being rented out on AirBnB, so there is a huge opportunity for a new owner to step in and capitalize on the high demand for lodging in the area.
In addition to the lodging options, the restaurant boasts a giant kitchen with a fire oven, massive gas oven, freezer, large sinks, fryers, gas stove, fridge, and storage room. The restaurant even has a room for the chef/worker to live in with an en-suite bathroom.
Currently the pizza restaurant is open only evenings (from 4pm) with a day off every week, and it is making 5 million colones revenue per month, bringing in 60 million colones ($120,000 USD) in revenue per year. However restaurant costs (food, front-line workers, chefs) add up to around $85,000 USD (40 million per year). Profit is around $30,000 per year (roughly).
The current owner has not put any effort into renting out the upstairs apartment or the hotel-rooms, but a little more attention and effort, this property can become a massive income generator as an Airbnb.
Property Size: 1,160 (Quarter Acre)
House Size: 480 m 2 / 5,167 ft2
- Upstairs 3 bedrooms, 1 bathroom, living room, kitchen, laundry room; no air conditioner, wooden shutter windows
- Downstairs 3 hotel rooms with glass windows, kitchenette and en-suite large full bathrooms. All downstairs rooms have their own air-conditioner.
- Large restaurant with massive kitchen with a storage room and a bedroom with en-suite bathroom for worker. Kitchen has all your needs to run a successful restaurant business!
- 2 small separate storage houses / bodega
- Several gazebos with tables and chairs
Asking Price: $265,000 USD, all furniture and kitchen cooking appliances included – asking price can be lowered if buyer wants to exclude restaurant furniture and appliances.
Owner is willing to finance 40% with 60% down payment.
Property also has a natural pool (Rio Fortuna) right next to it where guests can go swimming and cool off from the heat in mineral-filled natural water. Entry to the property is completely gated with metal gates, so your pets would be safe!
Property is located in El Tanque, exactly 12 minutes drive from La Fortuna downtown and hot springs on a paved road – this is prime location and will generate high income with a good hotel/restaurant manager.