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Km 108 México 1, East Cape Condos and Marina
East Cape,
MLS# 18-2886

Rendering of the proposed 132-slip marina and helipad.
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Rendering of the proposed 132-slip marina and helipad. Rendering of Phase 1 & 2 completion - boat ramp plus break water Rendering of Phase 1 & 2 completion: Boat ramp and beach palapas Km 108 México 1, East Cape Condos and Marina, East Cape, Aerial view of the lot from the west. New photos showing boat ramp completion coming soon! The seller maintains the concession for the beach and adjacent arroyo - an additional 6000 square meters of usable land The view to the South The lot viewed from the NE - concession is the V shaped areas to the left and right of the property line Rendering of the marina gangway

Property Description
INVESTMENT OPPORTUNITY! This is a marina project located in an ideal location and with slips already RESERVED! Seller has already begun construction: Phase 1, the boat launch ramp was completed in early 2020. Phase 2, breakwater berm and walkway is permitted and construction starts before the end of 2020. Cost of construction of a 132-slip marina completed by Bellingham Marine, one of the best marina engineering designer in western North America. Also completed: Bathymetry study, concessions, permits, and overall costing. Income generation immediately upon completion of the marina - 80+ slips are already reserved! That's $80,000 per month income immediately upon completion and upwards of $150,000 per month at maximum occupancy.

Property Name: East Cape Condos and Marina
Street Number: Km 108
Street Name: México 1
Zone: East Cape
Area: East Cape North
Community: BuenVsta/LosBarilles
Subdivision: Los Barriles
General Description
Current Price: $7,425,000
Price (USD): 7425000
Seller Financing Offered?: No
Financing: Bank/Banco
Lot M2: 11093.82
Ocean Front Meters: 150
Primary View: Oceanfront
Secondary View: Mountain
Mstr Plan Community: No
Location, Taxes & Legal
Taxes (Pesos): 3617
Legal: Taxes are in Pesos. Total frontage includes concession
Contract Data
Begin Date: 2018-12-10
Status: Active
Property Features
Road Type: Paved
Title: Escritura
Connectivity: Phone on Site
Electricity: CFE
Water: Private Well
Sewage: Septic
How To Show: Agent To Accompany; By Appointment Only; Call Agents Office
Topography: Flat
Potential Use: Commercial Lot; Development Parcel
Don't forget income from construction of condominiums! All of which have already been designed and permitted. The seller has already done all the hard lifting. You just need to bring the funds and then watch them grow. With the Four Seasons, Aman and Soho House Hotels, among other big names developing in the area, this offering is the investment find of a lifetime! FEATURES: *PHASE 1 COMPLETED Jan 2020 *PHASE 1 PROFEPA INSPECTION REPORT: passed with flying colors! *PHASE 2: Break water construction permitted (MIA) and slated to begin January 2020 *Environmental Impact Permit (MIA) allows for breakwater construction AND beach closure, palapa construction and fish weighing station *Stewart Title Insurance *Beach Concession adds an additional 6000 square meters of usable area, making total area 17093 square meters *Land Use Permits for Condo and Marina development *Marina design and budget by Bellingham Marine, THE BEST *Condo Residential Development design completed and approved * Seller will consider offers that include a Joint Venture (details available upon request)

Last Updated: September - 23 - 2020

Km 108 México 1, East Cape Condos and Marina, East Cape, - MLS# 18-2886

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Thursday 29th of October 2020 10:32 PM