Beachfront Tourist Complex for Sale – Hotel, Condominiums, and Villas

Description:

Beachfront Tourist Complex for Sale – Hotel, Condominiums, and Villas
Property for Sale: Building in Playas de Tijuana

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

Location & Accessibility
Location: Playas de Tijuana, near the U.S. border.
Accessibility: Only 25 minutes from the international border. Access via the scenic highway, offering ocean views and proximity to one of the best beaches in the region.
Building Features
Construction Status: 60% completed (unfinished structure), with areas like the lobby and some rooms more advanced due to initial sales in 2009.
Building Type: Designed as a condo-hotel.
Structure:
Floors: 10 (including 2 underground parking levels).
Projected Units:
Condominiums: 226
Hotel Rooms: 124
Villas: 35
Total Built Area: 74,666.40 m² on a 12,346.44 m² beachfront lot.
Specialized Services: Real estate agent Luis Bustamante has a list of engineering firms specializing in structural assessments to ensure the building's safety.
Potential Uses
Primary Proposal: Condo-hotel, as originally designed.
Alternative Options:
Mixed-use development, including offices, clinics, assisted living, or partial Airbnb rental.
Adaptation to current market trends, which have evolved since 2009.
Legal Status & Documentation
Available Documentation: Legal documents can be reviewed at real estate agent Luis Bustamante’s office.
Property Title: Currently under a financial institution's name.
Permits & Feasibility: Access to permits and feasibility studies issued at the start of construction.
Market Conditions
Investment Opportunity: 2024 is considered an excellent time to invest in hotels and residential developments along Tijuana’s coast.
Demand: Strong market among both Mexican and American buyers. 90% of potential customers are within a 30-minute drive.
High Income Potential: Profitable investment with revenue in USD.
Financing Options: Mortgage credit availability increases the potential for unit sales.
Hotel Market: Limited hotel supply in the area, enhancing the project’s attractiveness.
Nearby Services & Amenities
Rosarito: Just 15 minutes away, with shopping centers like Walmart and Home Depot.
Tijuana: Also 15 minutes away, featuring world-class malls and restaurants.
Utilities & Transportation: Fully connected to city infrastructure with public transport access.
This building presents a unique investment opportunity, offering multiple possibilities for development in a market with strong demand. For more details, contact Luis Bustamante to review the documentation and discuss potential uses and project adaptations.

Price: The price in USD 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 signing the deed before a Notary Public, in accordance with the Official Gazette of the Federation.