อาคารพาณิชย์ ถนนคชสาร, Chiang Mai

URGENT | Rare Prime Commercial Building for Sale
Chiang Mai Old City – High-Demand Tourist Location

A rare opportunity to acquire a prime commercial property directly on the Chiang Mai Old City moat road, one of the most popular areas for international tourists.

Ideal for investment and redevelopment as:
Hostel / Boutique Hotel / Mixed-use / Café / Restaurant / Clinic / Office / Co-working Space

Location
- Located on Kotchasan Road, Chiang Mai Old City
- Approx. 150 meters before Jaeng Katam intersection
- Close to Tha Phae Road and major tourist attractions
- Prime Old City zone with strong pedestrian and vehicle traffic
- Rare Old City location with limited comparable supply

Property Details
- 2 connected shophouses
- Land area: 86 sq.wah
- Width: 8 m. | Depth: approx. 35 m.
- 4 storeys + rooftop
- Total usable area: approx. 1,100 sq.m.
- Original condition – ideal for value-added renovation

Investment Potential
- Suitable for large-scale Hostel / Boutique Hostel / Mixed-use development
- Alternative uses: Co-working space, café, restaurant, serviced apartment, or office
- Hostel concept capacity: approx. 60–70 beds
- Estimated investment yield: 8–9% per annum
- Strong potential for cash flow with long-term capital appreciation

Key Highlights
- Prime Old City location on the moat road
- Large usable area – very rare in this zone
- High-demand area with long-term growth potential
- Multiple exit strategies: operate, lease, refinance, or resell

Ideal For
- Real estate investors
- Hostel / hotel operators
- Investors seeking rare commercial assets in Chiang Mai Old City
- Buyers looking for cash flow plus land value appreciation

Investor Price :
THB 27.9 million

Ideal for investors seeking a high-potential income-generating asset
in one of Chiang Mai’s most established and desirable locations.