Own the most coveted corner in a thriving commercial district. (Outdoor is ideal for a bar. Indoor has current retail tenant)
Capture the attention of visitors from every direction with the exposure of this location. As one of the few commercial corners in the tourist corridor, L1-A and L1-AT are seen by thousands of people via car and foot traffic on a daily basis. It is on the only four lane avenue with a designated bike lane, wide pedestrian crossroads, and well maintained public areas for both locals and tourists to enjoy. This corner commercial space offers versatility, natural light, and wonderful curb appeal. A unique opportunity to purchase the corner of Plaza Pescador, an established mall since 2012. Prime location ideal for a high-profit bar. This space offers immense potential with renderings and a floor plan included to visualize its capacity. The asking price accounts for the construction of a bathroom, storage area, and bar frame, allowing new owners to customize finishes and create their establishment.
L1-A, the indoor space, has a current lease agreement set in place until October 2024. As the new owner, decide on the opportunity to renew, open a business, or find a new tenant upon lease expiration. The terrace is available for lease or a business venture by the new owner. The space covers 1,779.7 sq ft (165.34 M2) on the left corner when facing the mall. If the new owner prefers setting up tenants in both spaces, an annual projected lease cash flow is $59k USD allowing a 8.43% ROI.
The space has 28.34 M2 indoor space (L-1A) with a double entrance from the 137 M2 covered terrace (L1-AT). The space faces the entrance to Royal Solaris and the Hilton Cabo Azul hotels, as well as the driveway to the Club la Costa condos. The hotels nearby total over 1850 rooms, at an average of 72% occupancy rate, the area has an estimated 66,590 monthly visitors. A statistic that will keep any tenants’ interest.
The location caters not only to the tourism industry, but also to over 400 nearby residences among the Club la Costa phases I-III, Misiones, Las Mañanitas, and Tortuga Bay housing developments all less than 5 min away. Plaza del Pescador is complemented by an array of attractions including cafes, banks, restaurants, retail, offices, and fitness centers that service a broad range of ages from Gen Z to Boomers.
Other Highlights:
Walking distance to the ocean safeguarding property value
Surging commercial rental demand that outpaces supply
Intensifying commercial market momentum
137 Underground parking spots for guests convenience
Food service industry projects growth and is resilient during recessions
Capture the attention of visitors from every direction with the exposure of this location. As one of the few commercial corners in the tourist corridor, L1-A and L1-AT are seen by thousands of people via car and foot traffic on a daily basis. It is on the only four lane avenue with a designated bike lane, wide pedestrian crossroads, and well maintained public areas for both locals and tourists to enjoy. This corner commercial space offers versatility, natural light, and wonderful curb appeal. A unique opportunity to purchase the corner of Plaza Pescador, an established mall since 2012. Prime location ideal for a high-profit bar. This space offers immense potential with renderings and a floor plan included to visualize its capacity. The asking price accounts for the construction of a bathroom, storage area, and bar frame, allowing new owners to customize finishes and create their establishment.
L1-A, the indoor space, has a current lease agreement set in place until October 2024. As the new owner, decide on the opportunity to renew, open a business, or find a new tenant upon lease expiration. The terrace is available for lease or a business venture by the new owner. The space covers 1,779.7 sq ft (165.34 M2) on the left corner when facing the mall. If the new owner prefers setting up tenants in both spaces, an annual projected lease cash flow is $59k USD allowing a 8.43% ROI.
The space has 28.34 M2 indoor space (L-1A) with a double entrance from the 137 M2 covered terrace (L1-AT). The space faces the entrance to Royal Solaris and the Hilton Cabo Azul hotels, as well as the driveway to the Club la Costa condos. The hotels nearby total over 1850 rooms, at an average of 72% occupancy rate, the area has an estimated 66,590 monthly visitors. A statistic that will keep any tenants’ interest.
The location caters not only to the tourism industry, but also to over 400 nearby residences among the Club la Costa phases I-III, Misiones, Las Mañanitas, and Tortuga Bay housing developments all less than 5 min away. Plaza del Pescador is complemented by an array of attractions including cafes, banks, restaurants, retail, offices, and fitness centers that service a broad range of ages from Gen Z to Boomers.
Other Highlights:
Walking distance to the ocean safeguarding property value
Surging commercial rental demand that outpaces supply
Intensifying commercial market momentum
137 Underground parking spots for guests convenience
Food service industry projects growth and is resilient during recessions
Property Details
Price:
$700,000
MLS #:
24-3363
Status:
Active
Beds:
0
Baths:
0.5
Address:
Corner Commercial Space Plaza Pescador
Type:
Single Family
Subdivision:
SJD D/town:General
Neighborhood:
SJD-Centro
City:
San Jose del Cabo
Listed Date:
Jul 24, 2024
State:
BCS
Finished Sq Ft:
1,779
Total Sq Ft:
1,779
ZIP:
Year Built:
2012
Schools
Interior
Bathrooms
1 Half Bathroom
Exterior
Financial
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NOM 247: *Conversion to PESOS subject to change. The offered price is in DOLLARS (US Currency) and in accordance with article 8 of the monetary law, the final price for recordation purposes will be converted into PESOS resulting from the official exchange rate on the date payment is due. In accordance with NOM 247, prices shown in DOLLARS can be converted into PESOS by accessing the following link and performing the corresponding arithmetic multiplication per the current exchange rate. https://www.banxico.org.mx/tipcamb/main.do?page=tip&idioma=en
*Conversión a PESOS sujeta a cambios. El precio de oferta es en DÓLARES (moneda de los EUA) y de conformidad con el artículo 8 de la ley monetaria en vigor, el precio oficial a registrar en la escritura será el de PESOS que resulte del tipo de cambio oficial en la fecha que el pago sea obligatorio. De conformidad con la NOM 247, los precios en DÓLARES se pueden consultar en PESOS mediante la multiplicación aritmética del precio mostrado en DÓLARES por el tipo de cambio en vigor para solventar operaciones en dólares moneda de Los EUA. https://www.banxico.org.mx/tipcamb/main.do?page=tip&idioma=sp
*Conversión a PESOS sujeta a cambios. El precio de oferta es en DÓLARES (moneda de los EUA) y de conformidad con el artículo 8 de la ley monetaria en vigor, el precio oficial a registrar en la escritura será el de PESOS que resulte del tipo de cambio oficial en la fecha que el pago sea obligatorio. De conformidad con la NOM 247, los precios en DÓLARES se pueden consultar en PESOS mediante la multiplicación aritmética del precio mostrado en DÓLARES por el tipo de cambio en vigor para solventar operaciones en dólares moneda de Los EUA. https://www.banxico.org.mx/tipcamb/main.do?page=tip&idioma=sp
Corner Commercial Space Plaza Pescador
San Jose del Cabo, BCS
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