Property for Sale: Building in Playas de Tijuana

Description:

Property for Sale: Building in Playas de Tijuana

Price: $35,700,000 USD ($17.78 Exchange Rate)

Location and Accessibility

Location: Playas de Tijuana, near the U.S. border.
Accessibility: Just 25 minutes from the international border. Access is via the scenic highway, offering ocean views and proximity to one of the best beaches in the region.
Building Features

Construction Status: The building is 60% complete (shell construction), with areas such as the lobby and some rooms further advanced due to the sales start in 2009.
Building Type: Designed as a condo-hotel.
Structure:
Number of Floors: 10 (including 2 underground parking levels).
Condominiums: 226 planned units.
Hotel Rooms: 124 planned rooms.
Villas: 35 planned villas.
Total Built Area: 74,666.40 m² on a 12,346.44 m² plot of beachfront land.
Specialized Services: Luis Bustamante, the real estate agent, has a list of offices specializing in engineering assessments to ensure the construction's safety.
Potential Use

Main Proposal: Condo-hotel, as originally conceived.
Alternative Options:
Mixed-use, including offices, clinics, assisted living, or partial use for AirBnb.
Adaptation to current trends, which differ from those of 2009.
Legal Status and Documentation

Available Documentation: Legal documents are available at the office of real estate agent Luis Bustamante.
Title of Ownership: Currently held by a financial company.
Permits and Feasibility: Access to permits and feasibility reports issued at the time construction began.
Market Conditions

Investment Opportunity: 2024 is considered an excellent time to invest in hospitality and residential properties on the Tijuana coast.
Demand: The market for both Mexican and American consumers is very strong. 90% of consumers are within a 30-minute drive.
Income Potential: High, in U.S. dollars.
Credit Facilities: Excellent mortgage credit options enhance sales potential.
Hotel Supply: There is a lack of hotel offerings in the region, increasing the investment appeal.
Nearby Services and Amenities

Rosarito: Only 15 minutes away, with shopping centers like Walmart and Home Depot.
Tijuana: Also 15 minutes away, with world-class shopping centers and restaurants.
Services: All services connected to the city network and public transportation available.
This building presents a great investment opportunity, especially considering its potential for use diversification and favorable market conditions. For more details, you can contact Luis Bustamante to review the documentation and discuss possible uses and adaptations for the project.
The price in dollars is for informational purposes only for the foreign market. The final cost in Mexican pesos will be subject to the exchange rate on the day of the deed signing before a Public Notary, according to the Official Federal Gazette.