Property for Sale: Building in Playas de Tijuana

Description:

Property for Sale: Building in Playas de Tijuana

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

Building Features:
Construction Status: 60% completed (unfinished). Some areas, such as the lobby and select rooms, are more advanced due to initial sales efforts in 2009.
Building Type: Originally designed as a condo-hotel.
Structure:
Floors: 10 (including 2 underground parking levels).
Projected Units:
Condos: 226 units.
Hotel Rooms: 124 rooms.
Villas: 35 units.
Built Area: 74,666.40 m² on a 12,346.44 m² oceanfront lot.
Engineering Support: A list of specialized engineering firms is available to ensure structural safety, provided by the real estate agent Luis Bustamante.
Location: Playas de Tijuana, near the U.S. border.
Accessibility: 25 minutes from the international border, accessed via the scenic highway. Offers stunning ocean views and proximity to some of the region’s best beaches.
Potential Uses:
Primary Proposal: Condo-hotel, as originally planned.
Alternative Options:
Mixed-use, including offices, clinics, assisted living facilities, or partial AirBnB rentals.
Adaptation to modern trends and market demands that have evolved since 2009.
Legal Status and Documentation:
Documentation: Available through Luis Bustamante's office.
Ownership: Currently held by a financial company.
Permits and Feasibility: Permits and feasibility studies from the initial construction phase are available.
Market Conditions:
Investment Opportunity: 2024 is a favorable time to invest in coastal hospitality and residential properties in Tijuana.
Demand: Strong demand from both Mexican and American markets. 90% of consumers are within a 30-minute drive.
Revenue Potential: High, with income primarily in USD.
Credit Accessibility: Broad access to mortgage financing increases sales potential.
Hotel Supply: A limited supply of hotels in the region enhances the project's appeal.
Nearby Amenities:
Rosarito: 15 minutes away, featuring major shopping centers like Walmart and Home Depot.
Tijuana: Also 15 minutes away, offering world-class shopping and dining.
Services: Fully connected to the city’s infrastructure, with public transportation available.
This property represents a prime investment opportunity, with flexible usage options and favorable market conditions. Contact Luis Bustamante for more details, to review documentation, and to explore potential adaptations for the project.

The price in USD is for informational purposes only for the international market. The final cost in Mexican pesos will be subject to the exchange rate on the day of the deed signing before a Notary Public, in accordance with the Official Gazette of the Federation.