HOTEL + RESTAURANT ON 5TH AVENUE $3,600,000

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    HOTEL + RESTAURANT ON 5TH AVENUE PLAYA DEL CARMEN, QR

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    $3,600,000

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    • 18 Beds
    • 20 Baths
    • 6,781 sq. ft.
    • Business
    • MLS# 140280003
    • EVID# AM-196408
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    Property Details

    INVESTMENT OPPORTUNITY! Become the owner of this iconic building in the heart of the famous 5th avenue of Playa del Carmen. The building has a restaurant with capacity of about 50 tables or 200 patrons on the ground floor and an 18 room boutique hotel on the next two floors . It has a total construction of 630 m2 and is built on a lot of 390 m2. Upward expansion is allowed. It’s situated in the true hart of the 5th avenue, the area known for most pleasant strolling and dining. Being situated on a corner, the building has 2 fronts and therefore extra visibility. The building is leased by a company that operates the restaurant and hotel and have done so for the last 12 years. The current lease is up in December of 2021 with an option to extend for 6 months or rescind. Whether you decide to continue with the restaurant and hotel or to change the purpose of the building, it's location makes it a solid investment. During the pandemic Mexico was one of the only countries in the world to not close its borders and therefore received a lot of publicity. Before the pandemic Mexico was already one of the most popular holiday destinations worldwide, now it will only become even more so. As soon as international travel opens up again we are going to have a tidal wave of tourists with money to spend heading our way. there will be no low season or high season for a long time to come, there will just be FULL. SO YES, NOW IS THE TIME TO INVEST if you want to ride the wave that's coming and see huge returns on your investment.

    Contact

    Roel Mertens

    Roel Mertens

    Real Estate Advisor

    Engel & Völkers Playa del Carmen

    Mobile Phone: 984-146-6471

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    Property History

    Date Event Price Percent Change
    -- Current Price Source: Multiple Listing Service New Value: $3,600,000
    4/8/2021 4:02:00 PM New in Database Source: Multiple Listing Service New Value: $3,600,000
    Information is provided in part by the IDX program of the Playa Del Carmen MLS. All information provided is deemed reliable but is not guaranteed and should be independently verified.

    Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.