Under Contract $500,000 USD - Commercial and Business, Homes
If you’re looking for a solid return on investment close to the center of San Pedro Town then this property could be perfect for you. Consisting of three floors this mixed commercial/residential space is comprised of an established restaurant on the ground floor and two identical 1 bedroom, 1 bathroom apartments on the second and third floors. This solid concrete building is strategically located just 1/2 mile south of San Pedro Town center, right on the main street of Coconut Drive and 300 feet from the beach.
The ground level, which has recently been renovated, houses the current owner’s restaurant. This space can easily be leased out as a restaurant or other commercial venture or it can be converted into a third apartment.
The second floor is the owner’s apartment. Salmon colored tile floors throughout, bamboo molding around solid mahogany doors, unique bamboo kitchen and bathroom features, Telavera tiled counter tops and shower walls. The third floor apartment is a carbon copy of the second floor apartment with it’s own electric meter. Both apartments come complete with all furniture and appliances and can rent out for $850-$950 USD per month.
The roof top terrace has been engineered for another apartment. Water and electric are in place and the space is completely tiled with security rails all the way around.
PRICE REDUCED – $500,000 USD
- Property Tax: US$225 per year
- Year Built: 2001
- Lot Size: 50' x 75'