HOTEL FOR SALE 5TH AVENUE DOWNTOWN PLAYA DEL CARMEN P3673 5th Avenue (Playa del Carmen, Quintana Roo, MX - 77710) Built

$3,600,000 USD

CENTURY 21 Caribbean Paradise

CENTURY 21 Caribbean Paradise CENTURY 21 Caribbean Paradise 998 267 7811 (Office) 984 803 1978 (Office) Request More Info

  • Type: Other
  • Style: 3 Story
  • Bedrooms: 25
  • Bathrooms: 25
  • Size: 390 sq. m.
  • Development Level: Built
  • Lot Size: 639 sq. m.
  • MLS #: P3673

Description

This commercial building is an excellent investment, being a property of 390 m2 of land and 639 m2 of construction on the famous 5th Avenue in the heart of Playa del Carmen. It has a hotel world renowned for more than 10 years with 25 rooms and a world famous restaurant.
The property is located on 5th avenue with a corner, having 2 fronts, which makes it even more attractive. It is 5 minutes walking distance from Mamitas Beach and Kool Beach Club, both well knowned.
On the ground floor you find the restaurant with tables over the avenue having a beautiful, romantic atmosphere, with excellent service and food. This restaurant appears in many tourist guides, highly recommended for tourists and local people.
On one side there is a small space rented for a Money Exchange Office. On the other side of the building has a 24-hour reception, being the main entrance of the Hotel with an ecochic touch.
The Hotel is a place with a lot of fame and excellent reviews. Hotel consists of first and second floor. It has a roof terrace with laundry and offices. First floor has a beautiful terrace overlooking 5th Avenue. The rooms on both floors are situated around which gives a spectacular view to the restaurant from above, full of hanging plants falling from the balcony.
The rooms are rented from 1300 to 3,100 pesos in low season. In high season prices from 3,000 pesos per single room to 5,000 pesos or more per night.
The hotel is still full, giving good results, since prices have been lowered by the pandemic: 670 pesos for a single room to 1,600 for a double Suite room.
The elegant rooms have air conditioning, flat screen, minibar, private bathroom. Higher category rooms include a small leaving area, balcony or terrace and, in some cases, a tub.
Some rooms have views of the property's garden, others of the 5th avenue.
ADO Bus Station is 1 km away. The city of Cancun and its international airport are 45 minutes away.
For many, this part of 5th Avenue is the most beautiful in Playa del Carmen.
The building is for sale at 3,600,000 usd. It is currently rented. The return on investment is very high. Very good income is received from the renter per year, not to mention the actual direct profit from the hotel and restaurant.

KC P3673

Attachments

P2#440754077
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Information is deemed to be correct but not guaranteed.