View of Caribbean Sea and downtown
Romario Amaya
Description
Property Highlights:
A TOP BUSINESS OPPORTUNITY IN THE HEART OF TOWN !!! ---NO OTHER SIMILAR PROPERTY AVAILABLE IN COROZAL TOWN.
This incredible commercial property sits just one block off the sea in the heart of Corozal Town. The lot measures 47ft x 110ft with 47 feet street frontage. The massive concrete 3-story has a total marketable space of 4,445 sq. ft with 875 sq.ft. open rooftop space with views of the Caribbean Sea.
The first floor consists of two commercial empty spaces measuring 16ft x 51ft and 20ft x 51ft respectively. The 2nd floor is a residential flat featuring 5 beds and 4 baths. This area is fully tiled and comes semi-furnished. Appliances include a freezer, stove, microwave and a fridge. There are three working a/c units on this floor. This area can accommodate a large family or be converted to office spaces.
The top floor has 2 apartments with ensuite bathrooms. Half of the top floor is open and serves as a balcony/relax area. This area overlooks the street and the surrounding town with splendid views of the Corozal Bay. The second and third floor are accessed by a concrete staircase. Half of the lot to the back, 2,679 sq. ft., is empty and can accommodate any future expansion and development.
A business venture like a hotel and restaurant, supermarket, apartments, call center or office spaces makes easy sense here. The property is at a prime location. The income possibilities here are enormous!
All amenities are in walking distance including: shops, the fruits & vegetables market, banks, bars, restaurants, churches, parks, the hospital, the police station, clinics, sporting facilities, gyms, and a recently opened water park. Walk down to the shore and take a swim in the emerald-green waters or delight in the awesome view.
Market Capitalization:
1st Floor
20ft x 51ft space @ $825 USD/month = $825 USD x 12 months = $9,9000 USD/year
16ft x 51ft space @ $425 USD/month = $425 USD x 12 months = $5,100 USD/year
2nd Floor
1,785 sq. ft. residential flat @ $1000 per month = $12,000 USD/year
3rd Floor
2 single bed apartments @ $350 USD each/month = $700/month = $700 USD x 12 months = $8,400 USD/year
Potential income generated per year: $35,400 USD
This a diamond mine of an estate. INVEST NOW!!!
Building Features:
- Full Concrete
- 3 Story
- Strongly built
- Built 2008
- Semi-furnished
- Seaview
- High income potential
- Ground floor: 2 commercial spaces
- Metal curtains on ground floor
- 2nd floor is a residential flat - 5 beds/4 baths
- A/C on 2nd floor
- 3rd floor has two apartments
- Rooftop terrace with chain link security barrier
- Cable TV and Internet via fiber optics line
- Flooring is fully tiled
- Great view of neighborhood
- Concrete stairways
- Tiled shower areas
- Septic system with soak away
- All utilities available
- Pet-friendly
Building Area:
- Main floor - 1,785 sq. ft.
- 2nd floor – 1,785 sq. ft.
- 3rd floor – 1,785 sq. ft.
- Total – 5,355 sq. ft.
Property Highlights:
- Area: 5,170 sq. ft.
- Rectangular-shaped
- Half area unoccupied
- Fully fenced
- In the heart of Corozal Town
- A few minutes’ drive to the Chetumal, Mexico border
- Caribbean Sea is walking distance away
Notes:
- Closing costs, including stamp duty are the responsibility of the Buyer.
- Yearly property tax: $500 USD
listing details
- Listing ID: 100011445055
- Property type: Commercial building
- Contract type: For Sale
- Price: $ 450,000.00
- Bathrooms: 6
- Bedrooms: 7
- Stories/Floor: 3
- Year built: 2008
- Construction size: 5,355.00 Sq. Ft.
- Lot size: 5,170.00 Sq. Ft. - 480.31 Sq Mt.
Features
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View notes
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Bedrooms notes
Five on 2nd floor, two in 3rd floor
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Bathrooms Notes
four on 2nd floor, two on 3rd floor
Map
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