Tourist Complex for Sale: 12,346 m² in Playa Blanca, Tijuana

Description:

Property for Sale: Building in Playas de Tijuana

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

Location and Accessibility
Location: Playas de Tijuana, near the U.S. border.
Accessibility: Just 25 minutes from the international border. Accessible via the scenic highway, offering ocean views and proximity to one of the region's best beaches.
Building Features
Construction Status: The building is 60% completed (in gray shell condition), with areas such as the lobby and some rooms more advanced due to sales efforts initiated in 2009.
Type of Building: Designed as a condo-hotel.
Structure:
Floors: 10 (including 2 underground parking levels).
Condominiums: 226 planned.
Hotel Rooms: 124 planned.
Villas: 35 planned.
Total Built Area: 74,666.40 m² on a 12,346.44 m² beachfront lot.
Specialized Services: Luis Bustamante, the real estate agent, has a list of engineering firms available to provide structural assessments and ensure construction safety.
Potential Uses
Primary Proposal: Condo-hotel, as originally conceived.
Alternative Options:
Mixed-use development, including offices, clinics, assisted living facilities, or partial AirBnB usage.
Adaptation to current market trends, which differ from those in 2009.
Legal and Documentation Status
Available Documentation: Legal documents can be reviewed at Luis Bustamante's real estate office.
Ownership Title: Currently held by a financial company.
Permits and Feasibility: Access to original construction permits and feasibility studies from the project’s inception.
Market Conditions
Investment Opportunity: 2024 is considered an excellent time to invest in coastal hospitality and residential properties in Tijuana.
Demand: Strong market demand from both Mexican and U.S. consumers, with 90% of potential customers located within a 30-minute drive.
Revenue Potential: High, in USD.
Credit Facilities: Significant availability of mortgage credit increases sales potential.
Hotel Supply: A shortage of hotel options in the region enhances investment appeal.
Nearby Services and Amenities
Rosarito: Just 15 minutes away, featuring shopping centers like Walmart and Home Depot.
Tijuana: Also 15 minutes away, offering world-class shopping malls and restaurants.
Utilities: Fully connected to the city’s network and accessible via public transportation.
This property represents an outstanding investment opportunity, particularly given the potential for diversified use and favorable market conditions. For more details, contact Luis Bustamante to review documentation and discuss possible uses and adaptations for the project.

The price in USD is provided for reference for the international market. The final cost in Mexican pesos will be subject to the exchange rate on the day of signing the deed with a Notary Public, as per the official government exchange rate.