3 Story Commercial Building with Seaview in Corozal Town. For Sale -

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$ 615,000.00

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: $ 615,000.00
  • Bathrooms: 6
  • Bedrooms: 7
  • Stories/Floor: 3
  • Year built: 2008
  • Construction size: 5,355.00 Sq. Ft. - 497.50 Sq Mt.
  • Lot size: 5,170.00 Sq. Ft. - 480.31 Sq Mt.
Features
  • Furnished
  • New
  • Air conditioning
  • View
  • Garage open
  • View notes

    View of Caribbean Sea and downtown

  • Bedrooms notes

    Five on 2nd floor, two in 3rd floor

  • Bathrooms Notes

    four on 2nd floor, two on 3rd floor

Map
Properties for sale in Corozal District