Tourist Complex for Sale Facing the Ocean, Playa Blanca, Tijuana

Description:

Tourist Complex for Sale Facing the Ocean, Playa Blanca, Tijuana
Property for Sale: Building in Playas de Tijuana
Price: $35,700,000 USD (Exchange Rate $17.78)

Location and Accessibility

Location: Playas de Tijuana, near the U.S. border.

Accessibility: Only 25 minutes from the international border crossing. Direct access via the scenic highway, offering stunning ocean views and proximity to one of the region’s top beaches.

Building Features

Construction Status: The building is 60% complete (gray work). Areas like the lobby and some rooms are more advanced due to early sales activity starting in 2009.

Building Type: Initially designed as a condo-hotel.

Structure:

Floors: 10 levels (including 2 underground parking levels)

Projected Units: 226 condominiums

Hotel Rooms: 124 projected

Villas: 35 projected

Total Built Area: 74,666.40 m² on a 12,346.44 m² beachfront lot

Specialized Services: Real estate agent Luis Bustamante has access to engineering firms specializing in construction safety certifications.

Potential Uses

Primary Proposal: Condo-hotel as originally planned.

Alternative Options:

Mixed-use development including offices, clinics, assisted living facilities, or partial conversion for Airbnb use

Adaptable to current market trends that have shifted since 2009

Legal Status and Documentation

Available Documentation: Legal documentation is available at the office of the real estate agent, Luis Bustamante.

Ownership: Currently owned by a financial entity.

Permits and Feasibility Reports: Available from when construction began.

Market Conditions

Investment Opportunity: 2024 is seen as an excellent year to invest in coastal hospitality and residential projects in Tijuana.

Demand: Strong demand from both Mexican and American markets; 90% of potential customers live within a 30-minute drive.

Revenue Potential: High, in U.S. dollars.

Financing: Great mortgage lending options available to facilitate sales.

Hotel Market: Limited hotel supply in the area enhances the property's investment appeal.

Nearby Services and Amenities

Rosarito: Only 15 minutes away with major retailers like Walmart and Home Depot.

Tijuana: Also 15 minutes away, offering world-class shopping and dining.

Utilities: Fully connected to city services and public transportation.

This property presents an exceptional investment opportunity, especially considering the flexibility for diversified use and the current favorable market conditions. Contact Luis Bustamante for further details, documentation, or to explore development options.

The price in US dollars is merely informative for the foreign market. The final cost in Mexican pesos will be subject to the exchange rate on the day the deed is signed before a Notary Public, in accordance with the Diario Oficial de la Federación.