Property for Sale: Building in Playas de Tijuana

Price: $27,621,621.60 USD

Location and Accessibility

* Location: Playas de Tijuana, near the United States border.
* Accessibility: Only 25 minutes from the international border crossing. Access is via the Scenic Highway, offering ocean views and proximity to one of the best beaches in the region.

Building Features

* Construction Status: The building is 60% complete (shell construction), with areas such as the lobby and some rooms more advanced due to the beginning of sales in 2009.

* Building Type: Originally designed as a condo hotel.

* Structure:

* Number of Floors: 10 (including 2 underground parking levels).
* Condominiums: 226 planned units.
* Hotel Rooms: 124 planned rooms.
* Villas: 35 planned units.
* Total Built Area: 74,666.40 m² on a 12,346.44 m² oceanfront lot.

* Specialized Services: Luis Bustamante, the real estate agent, has a network of specialized engineering firms that provide construction assessments to ensure the safety and integrity of the building.

Potential Uses

* Main Proposal: Condo hotel, as originally conceived.
* Alternative Options:

* Mixed-use development, including offices, clinics, assisted living residences, or partial conversion for Airbnb.
* Adaptation to current market trends, which differ from those of 2009.

Legal Status and Documentation

* Available Documentation: Legal documents are available at the office of real estate agent Luis Bustamante.
* Property Title: Currently registered under a financial company.
* Permits and Feasibility Studies: Access to permits and feasibility approvals issued when construction began.

Market Conditions

* Investment Opportunity: 2024 is considered an excellent time to invest in hospitality and residential developments along the Tijuana coast.
* Demand: The Mexican and U.S. markets remain strong. Approximately 90% of potential consumers are within a 30-minute drive.
* Revenue Potential: High, with income potential in U.S. dollars.
* Financing Opportunities: Broad mortgage financing options increase sales potential.
* Hotel Supply: Limited hotel availability in the region increases the attractiveness of this investment.

Nearby Services and Amenities

* Rosarito: Only 15 minutes away, with shopping centers such as Walmart and Home Depot.
* Tijuana: Also 15 minutes away, featuring shopping centers and world-class restaurants.
* Services: All utilities connected to the city network, with public transportation available.

This building represents a significant investment opportunity, especially considering its potential for diversified uses and favorable market conditions. For more details, contact Luis Bustamante to review documentation and discuss possible uses and project adaptations.

Location: https://drive.google.com/file/d/1lP0Dud5TgSXw_ExdFjzRwtWNPw2rFFPl/view?usp=sharing