Plaza Pescador, San Jose Del Cabo, ­ ­

Property Description

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 valueSurging commercial rental demand that outpaces supplyIntensifying commercial market momentum137 Underground parking spots for guests convenienceFood service industry projects growth and is resilient during recessions