J.A. Pengelstraat 63-65

Located on Wanicastraat, one of Paramaribo’s most dynamic and commercially relevant arteries, this substantial multifunctional real estate property is being offered with a distinct focus on redevelopment, optimization, and scaling up. It concerns an existing building with a built-up area of ​​approximately 600 m², situated on a spacious plot of 1,500 m², where both current operations and future development potential are central.

The ground floor features a double commercial space that is ideally suited for repositioning and upgrading. Through targeted renovation and modernization, this plinth can be transformed into a high-quality retail or service concept tailored to contemporary market needs. This could involve combining units into one large unit or, conversely, further segmenting them into smaller units to accommodate a broader tenant mix. The visibility and location make the property particularly suitable for concept development with a strong commercial appeal.

Located on the upper floor are two self-contained apartments, each featuring three bedrooms and double bathrooms. The added value lies primarily in the potential for renovation, reconfiguration, and upgrading to a higher segment. Examples include optimization into short-stay apartments, expat housing, or the creation of multiple smaller units to generate a higher rental yield per square meter. The existing structure offers sufficient flexibility to realize various residential concepts.

The true strategic value of this property lies in the substantial plot of 1,500 m². This offers concrete and scalable development opportunities, ranging from additional construction to the complete redevelopment of the site. The plot is suitable for, among other things:

Densification with additional residential units or an apartment complex;
the addition of commercial units or office spaces;
and the realization of parking facilities to support more intensive use.

From an investment perspective, this property offers a hybrid model: income from existing rentals combined with substantial value-add opportunities through renovation and development. This makes it highly suitable for investors and developers aiming for return growth, portfolio strengthening, and long-term value appreciation.

The combination of location, plot size, and development space positions this property as a promising investment within the Surinamese real estate market.

Curious about the possibilities? Please feel free to contact us for a comprehensive viewing and to discuss the options.

Specification:

• Full ownership
• Plot ID available