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
