295 PALMAS INN WAY

HUMACAO, PR 00791

For Sale $995,000

Listed 231 days ago for $1,200,000
  • Retail
  • SqFt: 3,440
  • Built: 1998
  • Cooling: Mini-Split Unit(s)
We are pleased to present for sale a renowned restaurant with a successful 12 year business history located at Palmanova Plaza. Palmanova Plaza is the main commercial area inside the Beach Resort community of Palmas del Mar. The facilty is comprised of three commercial spaces totaling 3,400 square feet, it is a corner location featuring an expansive store front facing the main plaza. The space also features a large terrace with beautiful ocean and resort views. The restaurant is being sold including all three commercial spaces, kitchen and bar equipment, power generator as well as tables and chairs. Palmas del Mar has experienced a drastic demand for housing, with housing and long term rental inventory at record lows. High net worth families are choosing to make Palmas their permanent home and Airbnb rentals are soaring at this time. New developments are in the works, including new hotel and hospital. Palmanova Plaza is currently being remodeled adding to the charm of this wonderful place. Financials are available upon request. NDA will be required. Seller open to lease to own or lease. Palmas Del Mar Resort Palmanova Plaza is located inside the master planned community of Palmas Del Mar resort in Humacao, Puerto Rico. Palmas Del Mar is the most complete resort destination in the Caribbean boasting a range of world-class amenities that are just a golf-cart drive away, such as: - A 60 acre tropical forest reserve - Grocery store, bank, retail stores, restaurants, professional services - Two championship golf courses designed by Gary Player and Reese Jones - World class marina and Yacht Club - The largest Private Tennis Club in the Caribbean with all new pickleball courts. - First-class Equestrian center with private stables and guided trail rides. - 5 miles of coast of which 2 miles are beach. - 8 miles of Golf cart paths - Beach club with pools, waterslides, and hot tub Families will have access to The Palmas Academy, one of the finest private schools on the island, which offers English language instruction from Pre-k to 12th grade.

Construction Materials
Concrete
MLSID
PR9095071
Buyer Agency Compensation
4%
Transaction Broker Compensation
0%
Non-Rep Compensation
2%
The listing broker’s offer of compensation is made only to participants of the MLS

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Location


ENTER PALMAS DEL MAR VI PALMAS DRIVE, MAKE A LEFT AT PALMAS INN WAY, PALMANOVA PLAZA IS ON THE LEFT HAND SIDE AND THE COMMERIAL SPACES ARE AT THE PLAZA LEVEL.

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