Commercial Building - Main street, Oranjestad

I N V E S T   I N   A R U B A
Commercial Building - Main street, downtown Oranjestad - UNDER CONTRACT

Strategically positioned on the main shopping street, Caya G.F. Croes, this corner lot property with Waterweg street frontage spans the entire block of Waterweg street. As a corner property, it offers direct access to traffic connections and convenient loading facilities. With a rich history spanning over 60 years, this landmark building was formerly known to be a hotel. Comprising of two property land lots totaling 550m² (5,920 sq ft.) and a two-story build-up size totaling 750m² (8,073 sq ft.), this property presents a multitude of opportunities.

Ground Floor Features: 

• Front unit opening onto Caya G.F. Croes offers a spacious retail open space layout.
• Additional retail area and office space.
• Equipped with a kitchenette, toilets, and storage space with a private entrance.
• Total area of 280m² (3,014 sq ft.)

Second Building Features:

• Ground floor space suitable for retail or office use.
• Includes toilets and storage space.

Third Building Features:

• Ground floor area adaptable for retail or office purposes.
• Includes toilet facilities.

Upper-floor Features:

• Consists of two units accessible via a central staircase.
• Each unit features separate office spaces, toilets, and a reception area.
  
  

Investment Potential: From an investor's perspective, the upper units can be easily converted into apartments or condo-style units, offering lucrative rental opportunities.

Recommendation: I strongly advise considering the addition of a parking lot to further elevate the property's attractiveness. Currently, governments are collaborating with investors and showing flexibility in granting building permits and permissions for the conversion of commercial buildings into apartment complexes, either partially or entirely.

Moreover, it's crucial to acknowledge that the property's design is optimized for a maximum of two floors. I recommend engaging with an architect for consultation before contemplating any vertical expansion or adding additional floors. This proactive approach ensures adherence to regulatory guidelines and optimal utilization of the property's potential.

For further details on your new investment, contact Edslyn Jimenez, The Aruba Realtor, today:
Call/WhatsApp: +297 5658831
Email: edslyn.jimenez@kw-aruba.com