Hotel Property for Sale in Playa Blanca, Tijuana, B.C.

Description:

Hotel Property for Sale in Playa Blanca, Tijuana, B.C.

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

Location & Accessibility
Location: Playa Blanca, Playas de Tijuana, close to the U.S. border.

Access: Just 25 minutes from the international border crossing, via the scenic highway with stunning ocean views and proximity to one of the best beaches in the region.

Building Characteristics
Construction Status: 60% completed (grey work). Lobby and several rooms are more advanced due to initial sales launch in 2009.

Concept: Originally designed as a condo-hotel.

Structure Overview:

Floors: 10 (including 2 underground parking levels)

Projected Units:

226 Condominiums

124 Hotel Rooms

35 Villas

Total Built Area: 74,666.40 m²

Land Size: 12,346.44 m² oceanfront property

Engineering Oversight: Engineering evaluations available from specialized offices for safety assessments (contact Luis Bustamante).

Potential Uses
Primary Use: Condo-hotel, as originally envisioned.

Alternative Uses: Mixed-use for offices, clinics, assisted living, or partial Airbnb operation, adapted to current market trends.

Legal & Documentation
Ownership: Currently held by a financial company.

Documentation: Available for review at the office of real estate agent Luis Bustamante.

Permits & Feasibility: Original construction permits and feasibility studies available.

Market Conditions
Investment Opportunity: 2024 is considered an optimal time to invest in coastal hospitality and residential real estate in Tijuana.

Strong Market Demand: 90% of the target market is within a 30-minute drive.

High Income Potential: In USD, with favorable credit facilities increasing sales potential.

Undersupplied Hotel Market: Low local hotel inventory enhances investment appeal.

Nearby Amenities
Rosarito: 15 minutes away, with access to major retailers like Walmart and Home Depot.

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

Utilities: Fully connected to the city’s service networks with public transport available.

This oceanfront building presents an exceptional opportunity for developers or investors looking to establish a hotel, residential, or mixed-use project with a high potential ROI.

The price in USD is for reference 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 Notary Public, according to the Official Gazette of the Federation.