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Plaza de la Inmaculada is a neighborhood commercial plaza in central Alajuela, Costa Rica, covering about 4,000 sqm of leasable space across single-level retail units. Positioned in a densely populated residential zone, it serves as a convenience hub for daily shopping needs rather than destination retail. The tenant mix prioritizes essentials: 45% groceries and pharmacy (anchored by a local supermarket), 25% food services (cafes and quick-service eateries), 20% personal care and services (salon, bank ATM), and 10% apparel and miscellaneous.
With occupancy at 88%, it maintains stable performance amid Alajuela's growing population of over 300,000 in the province.
Rent levels range from $12-18 per sqm monthly, lower than regional averages of $25 in larger malls, offering cost-effective entry for small retailers.
Accessibility via Avenida 2 and local buses is straightforward, though limited to 40 parking spots; footfall averages 1,500 daily, driven by proximity to schools and offices. Demographics feature middle-income households ($800-1,200 monthly) aged 30-50, with families comprising 60% of visitors.
Operational quality includes basic maintenance, with updates to electrical systems in 2022.
Leasing advantages encompass flexible terms (1-3 years) and low competition for category-specific spaces. Drawbacks involve indirect competition from City Mall (5km away, 95% occupancy) drawing premium shoppers, potential access congestion during peak hours, and vulnerability to economic slowdowns affecting local spending. Market saturation in general merchandise persists, but opportunities exist in underserved health and wellness niches.
Overall, it suits operators targeting steady, localized traffic over high-volume sales.
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Hours of Operation
Hours
| Monday | 10:00 AM — 09:00 PM |
| Tuesday | 10:00 AM — 09:00 PM |
| Wednesday | 10:00 AM — 09:00 PM |
| Thursday | 10:00 AM — 09:00 PM |
| Friday | 10:00 AM — 10:00 PM |
| Saturday | 10:00 AM — 10:00 PM |
| Sunday | 11:00 AM — 06:00 PM |
Hours may vary on public holidays. Check with individual stores for specific holiday schedules.
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Building Details
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City Snapshot
Alajuela
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Alajuela
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