Kino Bay 30K + M2
 

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Excellent Investment Opportunity

We have for immediate sale, an excellent combination of properties.

These properties are to be sold as a package deal.

Please look at the map below for a better explanation.

 

We have right on the beach a motel business with 7 duplex bungalows and 14 RV spots. (section 7)

A total of 4,169 m2, approx. 44,875 sq. ft.

Immediately across the street in sections 5 and 6, we have 2,750 m2, approx. 29,600 sq. ft.

In the upper section with #1, we have 6,150 m2 lot, approx. 66, 198 sq. ft.

In section # 2 adjacent, we have 6,783 m2 lot, approx. 73,010 sq. ft

In section # 3, we have 7,850 m2 lot, approx. 84,500 sq, ft.

In section # 4 we have 3,850 m2 lot,  approx. 41,440 sq. ft.

A grand total of 30,248 m2, approx. 325,586 sq. ft.

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The land on the beach it's zoned for commercial, valued at $750.00 US dollars per m2,

Giving this section a value of $3,126,750 US Dollars.

Immediately across the street it's valued at $450.00 US dollars per m2.

Giving this section a value of $ 1,237,500 US dollars. (sections 5 and 6).

Sections #1, 2, 3 and 4 with a total of 23,330 m2, has a value of $350.00 US dollars per m2.

Giving this section a value of $8,165,500 US dollars.

The entire property package has a value of $ 12'526,750 US. dollars.

If we give a value for existing construction, such as the hotel, restaurant,

warehouse and utility room, entire package would have an estimated value

well over $13 Million US dollars.

It is offered at $6M US dollars or Best Cash Offer.

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Total Inventory:

There is a 14 room hotel with an office, utility room, laundry room, a restaurant and a warehouse just across the street.

14 parking spots for mobile homes, and extra land zoned residential/commercial mix use.

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We are ready to accept immediate offers for this package deal.

Sections #1,2, 3 and 4 have a greater value than the one mentioned above, for the fact that

they are located just across the street from where the New Mega Project will be built.

The potential for these properties are endless.

Clean title, property taxes up to date, all utilities provided by the city.

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What can be built on these properties?

On the beach, you could build a condo/hotel to maximize the use of the land and the profits.

Across the street, you could also build more condo/hotels or 52 luxury homes.

In the sections mentioned above, and just across from the street, you could set up an RV Parking business,

giving you 135 to 165 RV Parking Spots, all with ocean view.

There is a high demand for condo/hotels and additional RV Parking facilities in Kino Bay.

The opportunities are endless.

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Please email us for additional information: info@roblesrealtyservices.com

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Last modified:   07/22/10