Investment Property Near Chiang Mai Old City

A rare investment opportunity in one of central Chiang Mai’s established tourist areas, approximately 50 metres from the Old City moat.

The property consists of two houses on a 56 sq.wah (224 sq.m.) plot and offers excellent potential for investors looking to operate or develop accommodation, rental, restaurant, café, or other tourism-related businesses.

Its key advantage is the highly walkable location. Guests can easily explore Chiang Mai Old City, Tha Phae Gate, markets, cafés, restaurants and other major tourist areas on foot.

Property Details

Land size: 56 sq.wah (224 sq.m.)
Buildings: 2 houses on one plot

House 1

• 2 Bedrooms

• 2 Bathrooms

• Living hall

• Kitchen

House 2

• Two-storey house

• Teak wood upper floor

• 2 Bedrooms

• 1 Bathroom

• Ground floor arranged as rental units

• Part of the property is currently used for rental and short-term accommodation

Why This Location Appeals to Investors

The property is located in Chang Moi, central Chiang Mai, immediately adjacent to the Old City tourist zone.

This area attracts both Thai and international visitors throughout the year and is surrounded by hotels, hostels, guesthouses, cafés, restaurants and tourism-related businesses.

The property has potential for a variety of concepts, including:

• Boutique Guesthouse

• Short-term Accommodation

• Hostel

• Café & Accommodation

• Restaurant

• Long-term Rental

• Tourism-related Business

Any future short-term accommodation, hotel, restaurant or other commercial use is subject to applicable Thai laws, zoning requirements and licensing.

Prime Walkable Tourist Location

• Approximately 50 metres from Chiang Mai Old City moat

• Convenient access to Tha Phae Gate

• Near the Sunday Walking Street

• Near Sompet Market

• Near Warorot Market

• Near Muang Mai Market

• Surrounded by cafés, restaurants, hotels, hostels and guesthouses

• Easy access on foot to many attractions and lifestyle destinations around Chiang Mai Old City

Location: Chang Moi Subdistrict, Mueang Chiang Mai District, Chiang Mai

Selling Price: THB 17,500,000

This property is particularly suitable for an investor who is not simply looking for a house, but for a well-located property with potential to generate income from Chiang Mai's tourism and accommodation market.