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Own the Land, Building and Business of a Korean Cafe Near CMU
A one-storey Korean cafe and restaurant with a garden and parking for 16 cars stands on 450 sq wah in Suthep, close to Chiang Mai University, offered with its land, building and business.
A garden, a car park for 16 cars and a 415 sqm one-storey building sit a short drive from the Chiang Mai University campus. For a restaurateur, the setting suits a business that already trades, provided the vendor's figures hold up.
Korean cafe and restaurant for sale in Suthep, Chiang Mai: 35,000,000 THB for the land, 415 sqm building and business, about 84,337 THB per built sqm. Chiang Mai University is 2.7 km away, Maya 3.4 km. No verified 2026 district average is available for comparison.
Can a foreigner buy a restaurant business and its property in Suthep?
Not the land: Thai law does not let a foreigner hold land in their own name, and this property includes 450 sq wah of it. In our experience buyers use a registered long lease reviewed by a Thai attorney, and our foreign ownership guide explains why we caution against a company set up only to hold the land.
Running the restaurant as a foreign owner has its own rules on top of land ownership, so please take advice on both. This is general information, not legal advice. The Thai Land Department can confirm what can be registered.
What does the sale include?
The vendor offers the land, the building and the operating business for 35,000,000 THB. The land is 450 sq wah (1,800 sqm). The building is a one-storey reinforced concrete structure of 415 sqm with 10 bathrooms, and the vendor lists a garden area with potential for outdoor seating.
Parking is listed for 16 cars on 594 sqm, and the vendor lists 3-phase electricity with a private transformer. We have not been given a breakdown of the dining area, kitchen and back-of-house space inside the 415 sqm, so please ask for a floor plan before you plan any change of layout.
Is a profitable Korean cafe in Suthep a good investment?
It can be, but the vendor states 7 years of profit and we have not seen the accounts. We would value it on the land and building first and treat the trading record as a bonus until the numbers are verified.
Please ask for the accounts, the tax filings and the licences before you weigh an offer. Our commercial property for sale in Chiang Mai page shows how other commercial listings compare.
How far is Suthep from Chiang Mai University, Maya and the airport?
The property is 2.7 km and about 7 minutes by car from Chiang Mai University, 3.4 km and about 5 minutes from Maya Lifestyle Shopping Center on Nimmanhaemin Road, and 4.6 km and about 13 minutes from Chiang Mai International Airport. The Mueang Chiang Mai district guide covers the wider area.
Goen notes: “At 415 sqm built, the price works out at about 84,337 baht per built sqm, but that figure covers land, building and business together, so it is not a like-for-like building rate. In 2026 I would ask for the licences, three years of accounts and a floor plan before comparing this with any other commercial listing.”
Ask to see the restaurant and liquor licences in the operating name, the last three years of tax filings and a staff list with contract types. A business that trades profitably should produce all three quickly. Then sit through a lunch and a dinner service and count the covers yourself before you negotiate.
| Metric | Advisory context and data |
|---|---|
| Listing price vs 2026 district average | 35,000,000 THB, or about 84,337 THB per built sqm (415 sqm), covering land, building and business together. We hold no 2026 district average for Suthep that we can cite, so no comparison is made.Per-sqm figures use built area only, never land. |
| Investment alpha | The vendor states 7 years of profit; we have not seen accounts, tax filings or sales records, so we quote no yield. Any return should rest on figures you can verify. |
| Size and layout | One-storey reinforced concrete building of 415 sqm, 10 bathrooms. Land: 450 sq wah (1,800 sqm). Parking for 16 cars (594 sqm). Garden area. Floor count is not recorded in our file. |
| Contextual logistics | Chiang Mai University: 2.7 km, about 7 minutes by car. Maya Lifestyle Shopping Center: 3.4 km, about 5 minutes. Chiang Mai International Airport: 4.6 km, about 13 minutes. Wat Phra That Doi Suthep: 15.6 km, about 26 minutes.Source: OpenStreetMap road routing (OSRM), off-peak, September 2026, from the listing coordinates. University, temple and airport coordinates from Wikipedia; Maya from OpenStreetMap. |
| Ownership status | Title deed type not yet confirmed. Transfer fee 2% of the appraised value, with the split negotiated and confirmed in the contract. The 0.01% scheme, running to 30 June 2027, applies only to Thai individual buyers and to prices and appraisals of 7,000,000 THB or less, so it does not apply here. Foreign buyers cannot hold land in their own name.Source: Thai Land Department. |
| Zoning and licence | The vendor states restaurant and liquor licences are held; we have seen no copies, and land-use zoning is not confirmed. We ask for the documents before any offer.Confirm each licence, and the name it is held in, with the issuing office. |
Does Suthep flood in the rainy season?
We do not have a verified wet-season record for this site, and we would rather say so than give you a guarantee. Ask the neighbours and the sub-district office about heavy-rain history, and check the ground levels around the building and car park on your visit.
Who pays the transfer fee on a 35 million baht property?
The transfer fee is 2% of the official appraised value, and the listing does not fix who pays it, so the split is negotiated and confirmed in the contract. The 0.01% rate applies only to Thai individual buyers where both the price and the appraisal are 7,000,000 baht or less, so it does not apply here.
Do the restaurant and liquor licences pass to a new owner?
The vendor states the business holds both licences, but we have not seen copies and cannot say whether they transfer. Please ask the vendor for the documents and check with the issuing office whether they move to a new owner or must be applied for again.
Does the 35 million baht price include the business?
The vendor states that the price covers the land, the building and the ongoing operations. We would ask for this to be written into the sale agreement, together with an inventory of equipment and stock.
Ready to see it in person?
This is a Korean cafe and restaurant on 450 sq wah in Suthep, offered with its land, building and business. It suits an operator or investor who can verify the vendor's figures and wants a going concern close to Chiang Mai University.
Contact Goen at Chiangmai Properties on +66 64 338 9597 or LINE chiangmai-properties to arrange a viewing.
We are real estate professionals sharing local market observations based on our experience in Chiang Mai. This is not legal or financial advice. Consult Thai Land Office, licensed attorney, or financial advisor for title deed, tax, and investment suitability.
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