An extremely rare find! This listing is one of the only beach front properties remaining with an approved concession. This makes it ready to build without having to wait or encounter any approval risks.
Directly in front of one of the best surf breaks in Santa Teresa lies this beautiful, spacious, and flat beachfront property measuring just over 10,386.20 square meters. Currently the space holds 3 partially built bungalows, each one with their own private bathroom and the opportunity for expansion to build additional units on a second level. Uniquely, this property offers 65 meters of prime beachfront land. With an approved mixed-use concession, this lot is impeccably suitable for individuals to develop their dream project and invest in the area.
The property's current concession is approved until 2035. The approval permits up to a 50% development in the appropriate zoning, with a maximum height of 7 meters, to include the following; Zona de Alojamiento Turística which allows for hotels, motels, cabins, restaurants, bars, nightclubs, sports areas, passive recreation areas, swimming pools, souvenir shops, gyms, travel agencies, car rentals, sodas, cafeterias, show rooms and other services related to the lodging activity. As well as, Zona de Protección de Quebrada which is the development of communal reforestation projects with forest and ornamental species and infrastructure works that conserve and improve their natural channels is allowed. Additionally, the property dedicates itself to a 40% of green area and a 10% of minimal internal pathways. This listing has all public services available onsite at the property, including: public water, electricity and fiber optic internet.
This space has been iconic to the town of Santa Teresa, having held a successful bar, restaurant, and event space over the years. Its prime location allows for any investor to create a business that will quickly, and successfully flourish. Extremely centrally located within the town’s entrance. It is the perfect place for any business, attracting all those who enter the Santa Teresa limits. With endless views of gorgeous sunsets from the property line, it simply doesn’t get any better than this!