IMMEDIATE INCOME! LOCATION! LOCATION! LOCATION! IN THE HEART OF TOWN.
This incredible commercial property sits just one block off the sea in the heart of Corozal Town. The lot measures 4423.32 sq. ft. and is 335 ft from the shore. The massive concrete 3-story has a total marketable space of about 6,000 sq. ft. with open rooftop space with views of the Caribbean Sea.
The first floor consists of three commercial spaces: two of which are occupied - one is a grocery shop and the other a vegetable shop. The 2nd floor is a residential flat featuring 4 beds and 3 baths with a back and front porch. This area is fully tiled and comes fully furnished. Appliances include stove, oven and a fridge. Two of the rooms have a/c units. This area can accommodate a large family or be converted to office spaces.
The third floor has 2 apartments. Half of this floor is open and serves as a balcony/relax area. This area overlooks the street and the surrounding town with fabulous views of the Corozal Bay. The second and third floor are accessed by a concrete staircase. There is also a stairway leading to an open fourth level. The lot is fully fenced with parking space at the back.
A business venture like a hotel and restaurant, supermarket, apartments, call center or office spaces makes easy sense here. Being a corner lot with views of the Caribbean Sea, this property has a prime location offering enormous income possibilities!
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
Space #1 $250 USD/month = $3,000 USD/year
Space #2 $250 USD/month = $3,000 USD/year
Space #3 $500 USD/month = $6,000 USD/year
2nd Floor
Residential flat @ $1000 USD/month = $12,000 USD/year
3rd Floor
2 single bed apartments @ $200 USD each/month = $4,800 USD/year
Potential income generated per year: $28,800 USD
IMMEDIATE CASH FLOW…INVEST NOW!!!
Building Features:
Full Concrete 3 Story Strongly built Fully furnished Seaview High income potential Ground floor: 3 commercial spaces Metal curtains on ground floor 2nd floor is a residential flat - 4 beds/3 baths A/C on 2nd floor Plenty cabinet space in kitchen Hot & cold water on entire building 3rd floor has two apartments Rooftop terrace Cable TV and Internet via fiber optics line Flooring is fully tiled Front and back porch Great view of neighborhood Concrete stairways Tiled shower areas Septic system All utilities available Pet-friendly
Building Area:
Main floor – 2,482 sq. ft. 2nd floor – 2,034 sq. ft. 3rd floor – 1,500 sq. ft. Total – 6,016 sq. ft.
Property Highlights:
Area: 4,423.32 sq. ft. L-shaped Corner lot Fully fenced Parking at back In the heart of Corozal Town A few minutes’ drive to the Chetumal, Mexico border Caribbean Sea is 335 ft. away
Notes:
Yearly property tax: $325 USD