Incredible Investment Potential

  • $400,000
Nuevo Arenal
Incredible Investment Potential Incredible Investment Potential Incredible Investment Potential Incredible Investment Potential Incredible Investment Potential Incredible Investment Potential Incredible Investment Potential Incredible Investment Potential Incredible Investment Potential Incredible Investment Potential Incredible Investment Potential Incredible Investment Potential Incredible Investment Potential Incredible Investment Potential Incredible Investment Potential Incredible Investment Potential Incredible Investment Potential
  • Commercial & Businesses, Land
  • Property Type
  • 24+
  • Bedrooms
  • 35
  • Bathrooms
  • 18111.63
  • Lot m²

Overview

Property ID: NA5015
  • Commercial & Businesses, Land
  • Property Type
  • 24+
  • Bedrooms
  • 35
  • Bathrooms
  • 18111.63
  • Lot m²

Details

  • Property ID: NA5015
  • Price: $400,000
  • Land Area: 18111.63 m²
  • Bedrooms: 24+
  • Rooms: 35
  • Bathrooms: 35
  • Property Type: Commercial & Businesses, Land
  • Property Status: For Sale
  • Land Size (m2): 4,000m2 to 12,000m2

Description

This is truly an incredible opportunity! On this large 4.5 acre (18,111.63 m2) parcel exists a hotel, 24 unit apartment complex and a lovely 2 bedroom 2 bath home at the entrance of the property.

The original hotel was built in the mid-90’s but after it was sold in the early 2000’s, the owner at that time let it go into foreclosure, and it became dilapidated. The hotel was luxurious and had many highly desired amenities, such as a huge grotto pool with rock waterfall, open air restaurant, bars, large wine room or possible library, kitchen, kiddie pool with fountain, outdoor BBQ station, pool house/changing room or small gym, an interior sauna, reception room, housekeeping/laundry facilities with shower and bathroom, and lobby area. The hotel is three stories tall, with a grand staircase going up to the top two levels. The opening from the first to third floor is ideal for constructing an elevator if desired. The roofing on the hotel needs to be completely restored (this was in process a few months ago). There is a very large, beautiful open air room on the third floor that would be ideal for an Owner’s or Honeymoon Suite with outstanding views of the Lake and the grounds. In today’s world, the Wine Room/Library could also serve as a game room or business center. The pool house could easily be utilized as a gym, or yoga studio. The hotel would be extremely ideal for a medical facility with offices and, with a large pool, the two other rooms (library and gym) would be ideal for physical therapy treatment rooms. There is also a great need for such a facility in our area. Although the hotel no longer reflects those ‘glory days’, there are numerous quality features remaining. Each of the structures are of solid cement, and are still in very good condition. Views of the grounds and of Lake Arenal are some of the best along our local road known as “Matta de Cana”, just a short distance from Arenal’s village center.

The apartment/resident building has 24 rooms, but could easily be converted to 10 lovely apartments or rehab center. Research has shown that the demand in our area is high for short and long term apartment rentals. Should the idea of apartments not be appealing, these rooms could be an extension of the hotel, and made into 5 or 6 hotel rooms instead. There is also a great interest in a medical facility to accommodate our citizens, who currently have to travel to other cities hours away, for more complicated medical issues. This two-story building boasts some of the most unobstructed views of Lake Arenal, providing tranquility and beauty.

As you can envision, the numerous possibilities are up to your creativity and desires. Oh, and did you read that there is ALSO a beautiful two bedroom, two bath home on the property? This is a lovely home that is currently being rented, but would be the perfect home to live in while restoring the remaining property. All of the property is surrounded by lush jungle foliage which provides privacy and cool days.

The very low asking price for this amazing property truly reflects the land value and the renovated residence at the entrance of the property (lots alone are typically $100k/acre in this area). This is an incredible opportunity for those with vision and a desire to be part of our local community.

*Total sq. ft./mtrs. of land and/or dwellings to be verified by buyer*

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