Alisha Daswani
Description
HIGH POTENTIAL HOSPITALITY INVESTMENT | FORMER HOTEL & RESTAURANT | PUNTA DUARTE, MORRILLO, MARIATO, VERAGUAS
PRICE: US$695,000
A substantial former hotel and restaurant property in Punta Duarte, Morrillo, Mariato, Veraguas, offering an exceptional value-add opportunity in a beautiful Pacific setting.
Set on 4,706 m² of land with approximately 1,079 m² of total built surface, the property includes 9 guest rooms, restaurant and hospitality infrastructure, a 15-metre swimming pool, poolside bohío, large parking area and an established permaculture food forest.
PROPERTY HIGHLIGHTS
* 4,706 m² of land
* Approximately 1,079 m² total built surface
* 9 guest rooms with en-suite shower/bathroom facilities
* Restaurant, bar, commercial kitchen and bakery preparation area
* Former spa facilities
* 15-metre swimming pool with poolside bohío
* Large on-site parking area
* Established permaculture food forest with mature fruit trees
* Property arranged across three levels with private internal road
* Panoramic views of the Pacific Ocean, Cerro Hoya, Mata Oscura, Los Islotes and surrounding mountains
* Private approximately 220-foot well with pressure-tank system and reserve water storage
* Three separate septic systems
* Private 48 kW electrical transformer
* Generator changeover switch already installed
* Existing air-conditioning units included
* Pool equipment, water pumps and two water heaters included
* Skynet internet currently available
* Tigo and Más Móvil mobile coverage
* Approximately 200 m from the paved road
* Approximately 6 km from Torio
* No HOA
VALUE-ADD OPPORTUNITY
The property requires remodeling and furnishing, making it ideal for an investor or operator looking to create a boutique hotel, eco-lodge, wellness retreat or nature-based hospitality destination.
With substantial existing infrastructure, extensive land and a prime natural setting, this property offers a strong foundation for redevelopment and will be worth substantially more than its current acquisition price once properly renovated and repositioned.
PRICE: US$695,000
listing details
- Listing ID: 003364759016
- Property type: Building
- Contract type: For Sale
- Price: $ 695,000.00
- Bathrooms: 9
- Bedrooms: 9
- Stories/Floor: 3
- Garage capacity: 4
- Construction size: 1,079.00 Sq. Mt. - 11,614.25 Sq Ft.
- Lot size: 4,706.00 Sq. Mt. - 50,654.91 Sq Ft.