Commercial property right in the middle of Santa Marta’s city center bordering the main road ‘Avenida de los Estudiantes’ and within a well-known commercial area only one block from Avenida Ferrocarril, both highly commercial main roads. The price of this property includes the prestigious 22-year-old restaurant GRAN CHAPARRAL occupying most of the land plot operated by the property’s owner and in an excellent state of conservation built with high quality materials and a high palm roof assuring a cool indoor climate. The restaurant is open 7 days a week and profitable, a turn-key operation. Additionally the property includes one rented commercial space, one-stop automobile shop.

The property is connected to the public sewage system, gas distribution lines, power grid, internet and TV.

The land use allows for residential, commercial, and public or private service projects.

According to current regulations, a maximum construction height of 6 floors is allowed on the property, currently only 1 floor is built on the 412.50 m² total land area. For a project of any building higher than two floors the construction work should to be started from scratch.

This corner property has a very commercial address next to the renowned LICEO CELEDON college and in front of the FRANCISCO DE PAULA SANTANDER college.

In the same neighbourhood you will find schools, shopping malls, medical centers, a GYM, a gasoline service station, a police station, parks and in general a variety of small to medium businesses. The property is only a 10-minute walk from the Historic Center and 5 minutes from the public market. Public transportation on site provides easy access to banks, notaries, the Marina, the new beach walk, the restaurant area ‘Parque de los Novios’ and nearby beaches such as the downtown beach, los Cocos and Taganga.