Iconic Caddy's Calypso Bar & Restaurant Carr 413 6,900 SF Retail Building Rincon, PR 006772108 $3,995,000 ($579.01/SF) 12.02% Cap Rate

FOR SALE – ICONIC OCEANFRONT RESTAURANT, REAL ESTATE & INCOME PROPERTY
Caddy’s Calypso Café | Maria’s Beach | Rincón, Puerto Rico
PR-413 Km 2.5, Rincón, PR 00677
Asking Price: $3,995,000 (Turn-Key Business + Real Estate)
Property Overview
An extraordinary opportunity to acquire one of Puerto Rico’s most recognizable beachfront hospitality assets. Caddy’s Calypso Café is a landmark oceanfront property located directly on Maria’s Beach in Rincón—one of the Caribbean’s most celebrated surf destinations and one of Puerto Rico’s highest-grossing tourism municipalities.
This offering includes:
Fee simple ownership of the real estate
The established Calypso Bar & Restaurant business (35+ year operating history)
Multiple income-producing commercial spaces
Two oceanview short-term rental apartments
Furniture, fixtures, equipment (FFE), branding, and operational infrastructure
This is a rare opportunity to own a fully integrated hospitality asset combining restaurant/bar operations, retail leasing, short-term rental income, and expansion potential — all positioned on a premier beachfront corridor.
Location Highlights – Maria’s Beach, Rincón
Directly fronting Maria’s Beach, host site of the historic 1968 World Surfing Championship (the first televised surf competition in history)
Prime frontage along PR-413, Rincón’s primary coastal tourism corridor
High visibility and year-round traffic from surfers, vacationers, and locals
Rincón consistently ranks among Puerto Rico’s top tourism-driven municipalities
Active municipal road widening underway due to increased tourism traffic
Proximity to Aguadilla (BQN) International Airport
Rincón is widely regarded as “The Surf Capital of the Caribbean,” attracting international tourism, seasonal residents, and lifestyle investors seeking coastal commercial assets.
Site & Building Summary
Lot Size: ±4,042 SF (375.564 SM | 0.0928 acres)
Caddys Calypso Cafe Info Sheet2…

Total Improvements: Three-level mixed-use commercial structure
Below Street Level
Leased Coffee & Surf Shop
±417 SF retail
±180 SF front porch
Two storage areas
Janitor room
±145 SF liquor storage cage
First Level (Street Level – Main Revenue Driver)
Calypso Café Bar & Restaurant
±2,895 SF including terraces and porches
Caddys Calypso Cafe Info Sheet2…
Additional retail space (±441 SF – currently vacant; former bikini shop)
Common hallway with two customer restrooms (±361 SF)
The restaurant features expansive open-air terraces with panoramic sunset views over the Atlantic — a defining feature of the venue and major revenue driver for food, beverage, and events.
Second Level (Upper Level)
±613 SF covered Sunset Deck (event-capable space)
Two short-term rental apartments:
Unit 1: 1BR/1BA with kitchenette & laundry (±386 SF)
Unit 2: 2BR/1BA with kitchen, laundry & private balcony (±766 SF)
±120 SF administrative office
Infrastructure & Resiliency
Recent capital improvements (within last three years) include
Caddys Calypso Cafe Info Sheet2…
:
New fully automated 60KW Perkins diesel generator (300-gallon capacity)
Power upgrades (250-amp service)
Two 500-gallon water cisterns
Starlink internet installation
Upgraded kitchen systems
Updated electrical and plumbing systems
Roof and patio enhancements for tropical durability
Interior and exterior renovations
Potential expansion of second-floor patio for additional seating
The property is built and equipped for operational continuity in a hurricane-prone market, a significant value-add for hospitality investors.
Business & Brand Value
Caddy’s Calypso Café is an established 35+ year oceanfront restaurant and entertainment venue
Caddys Calypso Cafe Info Sheet2…
known for:
Signature Caribbean-American cuisine
Full bar program
Live music and entertainment
Weekly Open Mic nights
Sunset events and private parties
Strong local and tourist following
Robust social media presence
Destination recognition within the surf community
The venue has hosted nationally recognized artists including Daryl Worley and popular Puerto Rican acts such as VivaNativa
Caddys Calypso Cafe Info Sheet2…
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This is not simply a real estate acquisition — it is the purchase of a recognized hospitality brand embedded in Puerto Rico’s surf and tourism culture.
Income Streams
The asset offers diversified revenue sources:
Restaurant & bar operations (primary revenue)
Event hosting & sunset deck rentals
Short-term rental income (two furnished oceanview apartments)
Leased coffee/surf retail tenant
Vacant retail space (lease-up or owner-operated expansion opportunity)
The vacant ±441 SF retail space provides upside through:
Pizza or quick-service concept
Surf apparel or lifestyle retail
Branded merchandise expansion
Additional bar/lounge concept
Financials available to qualified buyers with proof of funds
Caddys Calypso Cafe Info Sheet2…
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Investment Positioning
This offering appeals to:
Hospitality operators seeking Caribbean expansion
Restaurant groups pursuing destination-driven assets
Lifestyle investors seeking mixed-use oceanfront property
1031 exchange buyers
Investors leveraging Puerto Rico tax incentive programs (Act 60 and related incentives, subject to eligibility)
Beachfront commercial real estate in Rincón is extremely limited in supply. Few properties combine fee simple oceanfront ownership with an established, cash-flowing hospitality operation and residential income components.
Offering Price
$3,995,000 – Turn-Key (Real Estate + Business + FFE)
Caddys Calypso Cafe Info Sheet2…
Financials available upon NDA and proof of funds.
Summary
Caddy’s Calypso Café represents a rare, legacy beachfront acquisition opportunity in one of the Caribbean’s most recognizable surf destinations. With over three decades of operating history, diversified income streams, recent capital improvements, and expansion potential, this asset offers both lifestyle appeal and institutional-grade tourism exposure.
For buyers seeking an iconic, income-producing oceanfront hospitality property in Puerto Rico, this is a generational opportunity.
Marketing Website: https://caddycalypso-pjv48fyv.manus.space/