Previously set up as a Bed and Breakfast , Bar and Grille. Could be used as a large vacation home or permanent residence. Fully set up commercial kitchen with large prep tables (2), 60 inch commercial range with double ovens, salamander broiler and 24 inch griddle. Commercial brick lined pizza oven.
Owner´s suite approx 1200 square feet; includes a large living room, bedroom with large private bath and many built in closets. Storage loft and extra 1/2 bath as well. Beautiful two story champa on the beach with fantastic views of the Caribbean Islands of Cayos Cochinos, great sunset views as well. Several mature fruit trees and coconut palms. Lot property has 75 feet of beach frontage and it's about 300 feet deep.
4 hotel rooms on the 1st floor, each w/ A/C and private full baths. A separate one story , 2 bedroom stone house is included in the sale, as is a large block outbuilding used as a workshop or garage.
This property was originally purchased for $260,000 and the owner has put another 200K+ into it with improvements and additional units. You could not buy this location and rebuild this property for under 450K. Owner is motivated but NOT desperate! Owner will finance with $100K down for 7 years!
I have personally stayed here for the past 10 years on a regular basis. This is a once in a lifetime buy for a couple ready to retire to the Caribbean!! B&B, Yoga Retreat, limitless possibilities!
This property has supported the husband and wife team for 10 years AND they have put over $200K back into the property with expansions, caretakers quarters, a large bar/champa, which is the cool focal point of the property, etc. There are no formal "books" to offer for you number crunchers or to compute your ROI. This property is being sold as a lifestyle that has worked for the past 10 years for them and allowed them to expand and improve...do the math (they paid off a $160K mortgage and put another $200K back into it with income made from the property over 8 years....so about $40K net per year?). At the present, it is not 'open for business', the website is down, and they are simply living there. What you are buying is a property that is set up to get back into business, the name and website to bring back to life and a property that would cost well over 400K to reproduce. So with a little TLC, marketing abilities, and some hands-on owners, this place could shine once again! They had awesome reviews in Trip Adviser for years! Check it for yourself: Paradise Found Bar and Grille, Honduras
Due to the owner's wife's health reasons, they need to move to a single level home that is wheelchair accessible, which is the main reason for selling. I am happy to elaborate with a phone call.
do NOT contact me with unsolicited services or offers