Land in Alajuela, Alajuela[CR]

400384595002 - STRATEGIC INCOME - PRODUCING COMMERCIALPROPORTY IN CENTRAL ALAJUELA WITH MAJOR REDEVELOPMENT POTENTIAL - This property represents an excellent opportunity forinvestors, developers, and companies seeking a large property with excellent visibility and multiple development possibilities in Downtown Alajuela.The property offers3,381.43 m² (36,397 sq. ft. / 0.84 acres) of land, approximately1,010 m² (10,872 sq. ft.) of existing structures, and an important14.60-meter (47.90-ft.) frontagealong the public road. It is located directly across fromNational Primary Route 3 (Calle Ancha de Alajuela), providing excellent vehicular visibility and strategic access within an established urban area.One of its main advantages is itsmixed residential and commercial zoning. The property is located within theMixed Commercial-Residential Sub-Zone (SZMCR), which permits commercial activities, public and private services, single-family housing, and multifamily housing.The property currently retains the structures that previously housed atwo-story supermarket and two workshops, as well as loading and unloading areas, a freezer room, storage area, restrooms, and additional spaces. These areas are currently vacant. In addition, there is asmall restaurant/soda at the front of the property, which is currently leased and therefore generates rental income from the moment of purchase.TWO PURCHASE OPTIONSOption 1:Purchase the property with the existing structures, allowing the buyer to remodel, repurpose, or integrate the current buildings into a new development($1,195,000).Option 2:Purchase the property without the existing structures. Under this option, the current owners will be responsible for the demolition, allowing the buyer to receive the property as a cleared site and begin their project completely from scratch($1,593,000).The sale price varies depending on the selected option, whether purchased with the existing structures or with demolition included.The property hasmunicipal water, three-phase electricity, sanitary sewer service, and other utilities, providing valuable infrastructure for larger-scale development projects.Its size, mixed zoning, and location make it suitable for considering projects such asapartments, multifamily housing, commercial spaces, offices, service businesses, income-producing spaces, or mixed residential-commercial developments.A property offering3,381.43 m² of land, 14.60 meters of frontage, mixed residential and commercial zoning, and two acquisition options, allowing the investor to choose between maximizing the existing structures or starting completely from scratch.Transparency NoteThe property has anirregular and elongated shape, with approximately14.60 meters (47.90 ft.) of frontage. The existing structures are infair condition, allowing the buyer to evaluate remodeling or repurposing them, or alternatively purchasing the property with the buildings removed, depending on the development project they wish to undertake.