Prime Commercial & Residential Income Property in Corozal.

$450,000
  • 6 Rooms
  • 3 Bathrooms
  • ~498 m² Living area

Description

Prime Investment Opportunity: Turnkey Multi-Unit Property & Operating Bakery Steps from Corozal Bay. Situated in a premium, highly sought-after location on 4th Street North in Corozal Town, this exceptional two-story property offers an unparalleled investment opportunity. Located a mere two blocks from beautiful Corozal Bay and just one block from Atlantic Bank, major supermarkets, restaurants, schools and the town market, this real estate commands maximum visibility, high foot traffic, and immense versatile potential. Upper Level: Grand Residential Layout The expansive upper level is designed for spacious town living or high-end rental potential. It features 4 bedrooms, 2 bathrooms, a washroom, 2 storage room, a kitchen, a large living hall, and a formal dining room. the indoor spaces transition beautifully out to massive front and back verandas, perfectly capturing the sea breezes coming straight off the nearby bay. Ground floor: Immense Commercial & Rental Potential The ground floor is a blank canvas from massive rental yield or commercial operations. It currently features 1 fully completed office unit with an integrated bathroom. Beside it sits a massive, enclosed commercial space. This space is ideally suited to be built out into 5 additional rental units, or utilized as a spacious supermarket, retail store or professional office right in the commercial center of town. Bonus Turn Business Asset: Fully Equipped Bakery. Located at the rear of the main building is a separate, fully operational commercial structure housing an established, active bakery. with a built-in customer based and a solid distribution network throughout the Corozal District. An Investor's Canvas with immense Value-Add Potential The main building does require some repair and cosmetic updating. whether you are looking to operate a prominent downtown business, manage a multi-family rental portfolio, or take over an established local enterprise with prime real estate near the sea, this property delivers on every level. For more information or to schedule a private viewing, contact: Harry Vanegas. Real estate Advisor Engel & Volkers Belize call: +501 609-1557 Email: harry.vanegas@engelvoelkers.com
Features
Garage
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Engel & Völkers

Your advisor: Harry Vanegas

Property ID: AM-5527723

Property details
  • Property type

    Commercial Space

  • Rooms

    6

  • Bathrooms

    3

  • Number of Floors

    2

  • Parking spaces

    2

  • Living area

    ~498 m²

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