$995,000

6 Parguera #153

LA PARGUERA PR, 00667

Description

Attention investors, own this charming hotel in La Parguera, one of the most visited touristic zones on the Southwest coast of Puerto Rico. Turtle Bay Inn is a well established business operating since 2009; endorsed by the Puerto Rico Tourism Company as a Parador and certified eco-friendly tourism facility. Recognized with multiple awards including Certificate of Excellence and Travelers Choice by Trip Advisor, and certified WellHotel by the Medical Tourism Association. Hotel has 90% tax exemptions valid until July 2019 with an additional extension of 10 years covered by Law #78 of Sept 1993, which may be transferred to a future buyer subject to compliances and a minimum of three direct or indirect employees as confirmed by Puerto Rico Tourism Company. The property is a concrete structure consisting of 12 guest rooms and one villa, each with private bathroom facilities; meeting room, breakfast room, reception, front desk area, laundromat, kitchenette, two (2) additional half bathrooms, stairs. Improvements include a beautiful pool, bar/terrace, 77 solar panels generating 17.1 KW which represent 90% of the power consumption, power generator, 3 solar water heaters, three 600 gallons water tanks with electrical pump, alarm system, security lights, fire extinguishers, PVC fences and parking facility for 10 automobiles. Each guest room is suited for future installation of kitchen facilities including a 220 volts receptacle. A bank of 12 individual meters installed for future conversion into studio units.

Details

MLS#PR8800799
StyleIndustrial
Sub-TypeResale
StatusActive
Year2008
Days On Site239

Features

SQ Feet6,918
Story(s)1
Units1
ZoningRT-2

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Area Information

StatePR
CountyLajas
CityLA PARGUERA
Zip Code00667
Area 00667 - Lajas
Listing VS Median (in 00667)
Price:
$995,000
low | high
Med:
$262,000
100% of Average
SqFt:
6,918
low | high
Med:
650
100% of Average
$ / SqFt:
$144
low | high
Med:
$40
100% of Average
On Site:
239
low | high
Med:
200
100% of Average
Listing Updated: 10/12/2019
MLS Number: PR8800799
Listing Provided By:
Laura Rosas  of  LAURA ROSAS REALTY

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