Residential / Commercial Investment Opportunity

Cotacachi, Cotacachi, Imbabura, Ecuador

Basic Listing Information

Price
$375,000
Listing ID
RS2400299
Property Type
Multiplex
Listing Type
Residential Sale
Status
Active
Images
26
Beds/Baths
5/4
Location Type
Mountain
View Type
City View, Garden View, Mountain View
Total Lot Size
790.23 m² (8,505.93 sq ft)
Total Living Area
380.82 m² (4,099.10 sq ft)

Contact Information

Amy Prisco
Amy Prisco
Agency
Amy Prisco Agency ~ Real Estate Services in Ecuador
Agent
Amy Prisco
Phone
+1 646-396-1026
Cell Phone
+593-9-67-043-050
Office Phone
+593-96-704-3050
Email
amy@amyprisco.com
Website
http://AmyPrisco.com

In the heart of Cotacachi this prime location is a golden ticket to a solid income ready investment opportunity. . Two sets of double doors open out to the street to welcome guests directly into the sprawling two story restaurant with exotic decorations. . The entire establishment is tastefully decorated with bamboo, natural wood, and hanging plants providing a relaxed indoor - outdoor atmosphere. . Many an event has been held at this establishment with capacity for 150 +. It has been a popular live music events venue complete with an elevated center stage set up to accommodate the band. . Along with the purchase would come some already pre existing regular clients that host an array of events. Both expats and locals are familiar with this go-to location for their preferred choice to hire out. The restaurant is open most days and over the 35 years in business will be handed over to the new owner - now that's a gift !! . Behind the music stage, restaurant, and bar we discover the commercial size food prep kitchen - NOTE - All utensils, appliances , and restaurant furniture are to be included in the sale. . Beyond the kitchen a little set back is the 2-story residential living space consisting of 5 bedrooms and 4 bathrooms, sauna, and exercise room. This could definitely serve as a hostel or air BnB rental opportunity. . As we wrap around the side of the event center's restaurant we come to the parking space that extends the full length of the property and permits parking for 4 vehicles, street parking is also permitted. . On the opposite side of the restaurant a decorative arch way leads the way out to a pleasantly romantic garden area. So perfect and popular with the regulars to take lunch out here and enjoy the sunshine and humming bird visitors. Also the preferred place to take photos to cherish the event with the memory. . So there you have it! Multipurpose investment opportunity in the heart of Cotacachi we sell you the property and hand over the keys to 35 years of pre established clientele.

Details

Number of Bedrooms
5
Number of Full Bathrooms
4
Number of 1/2 Bathrooms
4
Total Living Area
380.82 m² (4,099.10 sq ft)
Total Lot Size
790.23 m² (8,505.93 sq ft)
Unit Floor
2
Number of Stories
2
Roof Type
Clay Tile
Floor Covering
Tile
Construction Type
Brick
Construction Type Comment
Anti - seismic structure
Construction Status
Completed
Year Built
2004
Appliances Included
Freezer, Oven, Refrigerator, Stove
Air Condition & Heating
No
Furnished Type
Fully
Pool
No
Jacuzzi
No
Parking Type
Carport, Street
Number of Parking Spaces
4

Geography

Location
Cotacachi, Cotacachi, Imbabura, Ecuador
Country
Ecuador
State
Imbabura
County
Cotacachi
City/Town
Cotacachi
Location Type
Mountain
Geographic Type
Highlands
View Type
City View, Garden View, Mountain View

Features

Interior Features Included
Gourmet Kitchen, Great Room, High Ceilings, Natural Wood Finishing, Storage Room
Exterior Features Included
Balcony, Covered Patio, Detached Guest House, Garden, Outside Seating-Area, Paved Driveway, Storage Closet, Washer/Dryer Hookup, Water Faucets, Workshop
Security Features
Perimeter Fencing, Security Lighting

Infrastructure

Street Access Type
Paved Road
Type of Water
City Water
Type of Electricity
Public
Type of Sewer
Public
Type of Internet
Other
Type of Television
Cable Television

Financial/Legal

Price per Air-Conditionable Living Area
$984.72/m2 ($91.48/sqft)
Price per Square Meter
$474.55/m2 ($44.09/sqft)
List Price
$375,000
Ownership Type
Escritura Public

Listing Images