Downtown Dominical is rapidly evolving into a prime tourist destination and a large amount of foreign investment is on the rise. The last of the commercial beachfront properties sold last year and new construction in the area is booming. Located in the heart of Dominical, directly off the coastal highway that runs all the way to the Panamanian border, the property is perfectly positioned at the gateway to Costa Rica’s entire southern zone. In a matter of minutes, guests can take an easy walk to the beach, walk to the local grocery store next door, walk to downtown bars and restaurants, or even walk to the bus stop to continue their adventures. You couldn’t ask for better visibility for a business catering to tourists exploring Costa Rica’s Pacific Coast.
Not only does the property have a premier location, it also has everything people seek out when coming to Costa Rica in the first place. Highlights include a private waterfall, freshwater creeks, nature trails and an abundant array of wildlife that absolutely thrives in the tropical rainforest environment. Properties like this are normally found higher in the mountains and accessed via dirt roads with 4 wheel drive vehicles. In comparison, this property can be accessed by the public bus! Simply put, there is absolutely nothing else in the area that can boast this set of natural features while also being located directly off the main coastal highway.
Land With Incredible Commercial Value That Includes Multiple Opportunities For Expansion
The total construction on the property includes 4 rental suites, a reception area with separate laundry room, a tropical pool area with a waterfall shower, an outdoor grill, covered parking and walking bridges that span the freshwater creeks flowing throughout the property. Each suite includes a large bedroom, bathrooms with oversized showers, fully-equipped kitchens, spacious living/dining rooms and covered outdoor seating areas. Amenities include satellite TV, high-speed internet, daily maid service and professional management. The units usually rent on a weekly basis and are also available for long-term stays. Side Note: With the amount of growth occurring in Dominical, there is a serious shortage of long-term rental inventory in the area.
Even though the business is selling turnkey ready, we believe that it has not even scratched the surface as to what is possible. The 8.73-acre property has multiple opportunities for expansion. Each of the buildings was designed to support a second story, which could immediately double the income stream without expanding the structural footprint on the property. The northern end of the property includes the waterfall, which will remain untouched. However, the southern portion of the property can accommodate additional rental units plus a restaurant if desired.
There is serious potential to transform this business into a one of a kind, upscale eco-resort with beautiful rainforest areas, a private waterfall and incredibly easy access right next to the beach. With new developments being constructed in the area, none of the projects will have these assets to highlight. The property comes with full, clear title and includes over 200 meters of highway frontage. The property is ideal for an investor with vision and has the resources to take this business to the next level. The current owners are motivated as they inherited the property and never intended on running a business in Costa Rica. Opportunity is knocking and there is no limit to what can be accomplished on this prime piece of real estate.