Listing ID: 100011445055

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