Ak'Bol Resort San Pedro Belize 300 Feet of Caribbean Oceanfront

San Pedro, Belize

$3,990,000

Price

10,000 sqft

Building Size

175,500 sqft

Lot Area

Overview
Building Size
10,000 sqft
Lot Area
175,500 sqft
Keys
37
Star Rating
3
Management
Unencumbered
Investment Strategy
Value Add
Description

Ak'Bol Resort is in a top tourist destination, the Tres Coco neighborhood, just 2 miles north of downtown San Pedro. This rapidly developing area has some of the best restaurants and entertainment options in Belize.
The beachfront bar and restaurant is a favorite of for locals, expats, and travelers providing a substantial percent of the annual revenue. The upstairs deck could be converted into a rooftop bar offers stunning views of the Caribbean Sea and the Barrier Reef.
The resort occupies 40% of the usable land on site. There is 300 feet of beachfront and 600 feet of commercial road frontage on the main road heading north. This property is the premier Yoga destination in Belize and is positioned to easily expand to a full-service health and wellness resort. Ocean front property values on the island are determined by many of the same considerations as other international retail properties such as population density, traffic, and infrastructure. In the Caribbean, values are also impacted by water color, clarity, and views.
The views of the Barrier Reef and shades of blue water combine to make this one of the most beautiful and serene locations in the Caribbean. Continued government commitment to infrastructure and the awareness of increasing tourism to Belize is having a positive impact on the ability for travelers to choose this Caribbean gem as a vacation destination.
The resort boasts 7 ocean front and ocean view cabanas. One of the last resorts on the island offering the natural island lifestyle that made this the best kept secret of the Caribbean for so many years. A true marvel of a destination, where the jungle meets the sea.
The Hostel on the west side of the property has 30 rooms. The communal bath & showers with 10 showers, 8 toilets, 12 sinks, lockers, are designed to provide a maximum of privacy and security for guests. The building is 248’ in length. Each room is 10’x12’. The corner units are connected, a great feature for the family. The dormitory on the west side of the road and could easily be converted to a separate business from the main resort. Currently there is no property on the north side of the island catering to the backpacker and hostel traveler markets. Plenty of space to add a roadside restaurant and bar for guests.

Highlights
  • 300 Feet Oceanfront Caribbean Sea
  • Expansion Opportunity 60% of available land is undeveloped
  • Over the water Yoga Studio and Events
  • 600 Feet of Road Frontage for Commercial Development
  • High Growth Area for Tourism
Documents
Title
Revised_Island_Resort_flyer_1.22.22.pdf
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Location
Gallery