Tropical Garden Restaurant & Property For Sale

Business description

This beautiful 'Old Playa' restaurant formerly a home for a long-standing family of Playa Del Carmen has been turned into a gorgeous tropical garden restaurant in 2008.
Currently in its first year, the restaurant is showing great signs of being one of the most outstanding 'must-see' restaurants very close to the downtown core and pedestrian promenade which is one block from the beautiful Caribbean Sea.
The restaurant currently has seating for 50, but seating for 95 is the potential. Renting potential is $5000 US per month.
The property itself is multi-levelled; unusual for Quintana Roo.
A small cave makes the property extraordinary in itself.
The property is zoned residential/commercial.
Even with the current lull in the condominium market, this property is well-sought after due to its proximity to the center of town, famous Fifth Avenue, Mamitas Beach, Constituyentes and Twelth Street.
A great investment now or for the future, as the property will carry itself until you are ready to build, or just enjoy a good rate of return in this market.

Property information

Real Estate:

Real Property Included

Location:

See Google Map for more details on location - very close to all the action, yet on a pleasant, tree-lined side street.
One block from busy Fifth Avenue and two blocks to the most gorgeous beaches along the Riveria Maya coast!

Premises details:

The property is 15 meters frontage and 30 meters back, making it 450 square meters or 4500 square feet. There is a palapa of ferro-cemento construction of 160 square meters housing the restaurant kitchen, a storage room, an upper living bedroom loft, a beautiful tropical bathroom with large bathtub and shower.
There is a large bodega of stone construction, with a bar and hostess area at the entrance of the property.
Building restrictions currently in affect in Playa state buildings first floor must be 3 meters back from road, however the wall along the property front grandfathers in even property to build on!
Write me for more details.

Size in square feet:

4500 square feet

Other information

Competition / Market:

There is one monopoly restaurant with tropical garden that is busy ALL OF THE TIME! It has been in Playa under ten years. Properties for building potential are fast disappearing in the area..... there are a few very large parcels left, but the smaller to medium size developer would find this lot perfect! Take advantage of buying now, having a steady lease income until you are ready to build!

Reasons for selling:

Retirement

Owner financing:

Owner financing is available. Please contact the seller for more information.

Video:

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