14 Beds
14 Baths
10,000 SqFt
14 Beds
14 Baths
10,000 SqFt
Key Details
Property Type Commercial
Listing Status Contingent
Purchase Type For Sale
Square Footage 10,000 sqft
Price per Sqft $72
Bedrooms 14
Full Baths 14
Year Built 2020
Lot Size 0.920 Acres
Property Description
This superb lot of 0.92 Acre has a prime location and features a massive 2 story, full concrete, edifice with 10,000 sq. ft. of marketable space. The building is on half of the lot leaving the other half clear for future expansion and development. With Spectacular views of the town this property offers a great business opportunity for the right person willing to inject capital and vision. A business venture like a hotel & restaurant, gas station, supermarket, call center or a mall makes easy sense here. The property is easily accessible. The income possibilities here are enormous!
The ground floor features three sections which includes two large storage spaces of 1200 sq. ft and 3040 sq. ft. each and a 2500 sq. ft. section that consists of 8 bedrooms and baths. The 8 bedrooms are ready to be rented out. The storage spaces can serve as warehouses or commercial space.
The top floor which has about 3250 sq. ft. of living space has 5 sections that are unfinished apartments. There is also a compact 2 bed/1 bath area currently used as a residence. The remaining unoccupied space can be converted to more apartments.
There is also a concrete stairway leading to a third floor which isn't developed yet but has even greater views of the surrounding town and greenery of Corozal Town.
The Corozal Community hospital is one lot off and all amenities are in proximity including: shops, the fruits & vegetables market, banks, bars, restaurants, churches, parks, the hospital, the police station, clinics, sporting facilities, gyms, and a recently opened water park. Walk down to the shore and take a swim in the emerald green waters or delight in the awesome view.
Market Capitalization:
13 apartments @ $250 USD/month = $3,250 USD x 12 months = $39,000 USD/year
2 business spaces @ $750 per month = $9,000 USD/year
$1,000 per month = $12,000 USD/year
Others
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Named for our son. Built for your family. The Brandon Drew Group is a family-run mortgage firm in Rancho Cucamonga, California, named in memory of Robert and Colleen Olivas's son Brandon Drew. What started as a way to honor him became a calling — to make sure every family who walks through our door is treated with the same patience, honesty, and care we wish for our own. The story behind the name →
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