Business Property for Sale in Calle Quito Y Miguel Egas, Otavalo, Imbabura, Ecuador

Commercial Property with Living Space(S )

The building was designed and constructed by ourselves (and 30 fine Indigenous builders) 17 years ago as a small Tourist Hotel and Restaurant, as well as living quarters. However, due to the prime location of the property, the property lends itself to many business opportunities, as well as multi-family living space. The property would be ideal for a Hotel, Restaurant, Shopping Mall, Export Business, Clinic, Spa, School, Yoga/Spiritual Center, as well as a living/rental space.

The property consists of approximately 3,000 square meters of land, with trees, gardens, and many types of exotic birds. There is approximately 1,200 square meters of solid brick and cement construction. On the property, there is plenty of room for expansion and development, especially in a town where there is absolutely no land left to develop. The building is built in the Spanish colonial style with finely crafted hardwood arched windows and doors, Spanish floor tile and traditional clay-tiled roof. The building was constructed according to U.S. anti-seismic standards. The building boasts excellent water pressure on all three floors and the roof. The building has a powerful, propane gas-fueled boiler system capable of producing 1000s of gallons of hot water a day, as well as an efficient solar hot water system! With access to the land/building from two streets, the property has frontage on 3 streets, which have been newly paved by the City of Otavalo and in a residential neighborhood.

There are 16 rooms, large social area (restaurant), large working kitchen, two medium-sized apartments (each about 110 square meters in size), each with kitchen and balcony, one large penthouse apartment (approximately 225 square meters in size), with balcony and access to the roof. There is a small building in back that serves as a laundry room and storage facility, which also has a full bathroom and a working fireplace. This could easily be converted into a small rental property. Adjacent to the main property, is a working area and parking garage which can accommodate approximately 6 cars, with clothes lines and a general storage area consisting of 330 square meters of the total property. On the roof, we have two 5,000 gallon reserve tanks for storing water (if needed). We have Direct TV Satellite dish for Television as well as High speed internet connections. We plan on selling the property semi-furnished. For more information, see our website. The asking price is $750,000.00 (negotiable).