Coral Reef Inn

Avenida Xel-Ha (Calle 15 Sur) #363, Cozumel, Quintana Roo, Mexico

 719-680-3998 - US Cell Phone

 nelson19657@hotmail.com

$600,000 USD

This property was built by American investors, and opened for business as the Coral Reef Inn in March of 2006. The property is currently owned and operated by American and Canadian investment partners. 

You can expect a 10-15% minimum ROI from the business alone, not including escalating property values.

The Coral Reef Inn is located in the favored Corpus Christi area of Cozumel - 4 1/2 blocks from the waterfront and 8 blocks from the center of town. The location offers a mixture of native culture, popular tourist attractions, world class diving, snorkeling and fishing - all just minutes from the front door! Features of the property and Inn include:

• Modern construction - built in 2005 to American standards
• Positive revenue generating business
• Established Mexican Corporation
• All Federal, State and local business licenses included
• Lot Size 12m x 18m (40 ft x 60 ft)
• Dwelling Size - 465 sq. mts. (5000 sq. ft.)
• Dry lot location - zero water problems
• Business affiliation with world renowned dive operator
• Managers Condo - 1 bedroom, 1.5 bath w/ kitchen, dining, and living areas  (appr. 1500 sq. ft) 
• Rental Units - 5 - 1 bedroom, 1 bath units - complete w/ separate private entrances
• Large fully-equipped shared kitchen for guests
• Large dining area for guests
• Multiple patios - indoor and outdoor
• All operational furnishings, linens, appliances and fixtures required for business operation

Specifications-                                               

Structure

• Concrete block
• Concrete and rebar reinforced columns, headers and bases
• 2.5 cm stucco surface finish
• Fine Mexican ceramic tile through-out
• Hurricane proof - tested to category 5+ - zero damage, zero water rise

• City water, city sewer
• Deep water well
• 2750 liter (750 gal) underground fresh water holding tank
• Two 1100 liter (300 gal) roof-top fresh water holding tanks
• Dual water pumps
• Copper tubing through-out
• Rough plumbed for a pool or Jacuzzi

• 240/120 VAC, 200 amp service
• Two separate meters
• Dual circuit breaker panels
• Cable TV and Cat 5 network cables in each suite

• 300 liter (80 gal) roof-top tank w/ street fill connection
• Copper tubing through-out
• 6 gas hot-water heaters
• 2 gas stoves w/ ovens
• 1 gas clothes dryer

• 12000 btu mini-split Carrier Brand units per suite w/ remote control