Caribbean MLSReal Estate

Hostel Business For Sale in Monte Cristi

Available on request

The brief

The reason to consider it.

Reduced Price! From $440,000 to $396,000

Nestled in the scenic beauty of the northwest, Monte Cristi stands out as a captivating border province, offering an untamed landscape that beckons to those seeking off-the-grid escapades. Located less than a mile from both the beach and a half mile from the center of town, the Salomon Jorge Center is centrally located. With over 8,300 square feet of block and cement construction including 20 bedrooms, in addition to 2,600 square feet of outdoor multi-use space for dining, there is plenty of room for hostel guests. Used as an international language school for more than 10 years by an American non-profit organization, the facility regularly housed more than 60 guests. Also perfect as a language school or mission center.

The people of the Dominican Republic are very internationally connected, with many having family living in the United States, Canada, and Europe. Passionate about music and dancing, baseball, good food, family and friends, Dominicans are vibrant and energetic neighbors. Home to some of the world’s most beautiful beaches and with a pleasant tropical climate, the Dominican Republic makes the perfect location for a hostel.

Last confirmed

Type
Guesthouse
Use
Hospitality
Lettable area
8,288 ft²
Occupancy
100%
Land
Available on request
Year built
Available on request

What this listing includes

  • Parking
  • Restaurant or bar
  • Conference room

What people say about Dominican Republic

Sources agree on the core of buying in the Dominican Republic: foreigners, including non-residents, can generally own registered property on the same terms as Dominicans, but the buyer's own checks do the protecting.

  • Mixed Hire your own independent Dominican lawyer and check the title (and deslinde) yourself
  • Concern Pre-construction projects can stall or lapse; deposits and CONFOTUR claims need verifying
  • Mixed Closing costs and annual tax: 3% transfer tax, legal fees, IPI above a threshold, CONFOTUR exemptions
  • Concern Property managers: fees vary widely and owner experiences are uneven

Read what people say, based on 15 sources

Cost of entry

The asking price is not what it costs.

What completing costs

US dollars

Who bears the transfer cost is market practice, not law