This property is priced at $29,000,000 Mexican pesos calculated at 13 * 1. Exchange rate is variable.
This succesfull hotel in a prime commercial location on Camaron Sabalo near the Marina Mazatlan is a unique opportunity. Across the street, the old Camino Real hotel will soon be remodelled under new ownership, which will cause a surge in property values all around, with a very positive impact on this one.
– 9 Two bedroom, one bath, living, dinning and kitchen units.
– 8 One bedroom one bath, living, dinning and kitchen units.
– 3 Hotel type rooms
– 3 Commercial locals
– 1 Suite with three bedrooms, Two bathrooms, living, dinning, kitchen and service room (Perfect for an owner operator).
Highlights
▪With minimal investment, this property can be returned to its turnkey operation with daily, weekly, and monthly rentals with very attractive margins, or
▪The owners regretably must sell this property, and an opportunity like this, in this prime area, will be hard to come by again; a savy investor will not pass this up!
▪It can be developed into a B&B type operation in the PRIME tourist and snowbird location in Mazatlan.
Features
▪ Ocean View
Extra Features
▪ Controlled Access
▪ Lobby
▪ Storage
Lot Features
▪ Corner Lot
▪ Courtyard
▪ Swimming Pool
▪ Trees / Shrubs
Type: Commercial
Garage: 8-Stalls
Size: 1,946 sq. m.
Lot Type: Rectangular
Lot Size: 1079sq. m.
Has Suite: YesYear
Built: 1998
Price: $2,230,770 USD
