For sale

Large commercial space with terrace for sale in Playa del Carmen – Mexico Realty Living

Playa del Carmen

$627,454 USD

Listed by Mary D. Serrano Mexico Realty Living +52 (984) 118-0186

Listed 13 hours ago

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Description

The Mayan Riviera is known for its millenary culture, natural wealth where the tropical jungle and the Caribbean sea co-exist. Playa del Carmen, is located in the heart of the Mexican Caribbean, is a big tourist area with major economical growth. The quality of life in the area is amazing, imagine living amongst turquoise beaches, cenotes, and Mayan ruins.

This innovative complex is developed in a well-known pro-sustainable planned community model, that harbors educative institutions, hospitals, clinics, shopping centers, art and entertainment space, restaurants, sports spaces, extensive green areas, bike lanes, and much more. This complex consists of beautiful residential condos, lofts, and a commercial center with a beautiful infinity pool on the roof.

This large commercial space with a terrace is located on the ground floor and has a size of 2615.63 sq. ft, Int.1851.39 sq. ft., and Ext. 763.69 sq.ft.

Please note: This property is under construction. The final product may differ from the listing description and photographs.

Features

Bedrooms2
Area243 m2
Year built2023
ReferenceEXT-2366

Amenities

Parking
Pool
Terrace

$627,454 USD

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The market in Playa del Carmen

Homes for sale on this site484
Median asking price$237,300 USD
Typical range$118,500 USD – $852,700 USD
Median per m2$3,330 USD

Bedrooms	Listings	Median asking price
Studio	90	$238,000 USD
1	156	$172,400 USD
2	127	$253,100 USD
3	71	$437,900 USD
4+	40	$877,800 USD

Typical range covers the middle 80% of listings. Figures come from the listings live on this site today and change as it grows.

How this compares

148% above the median for similar listings

Median, 2-bedroom in Playa del Carmen$253,100 USD
This listing, per m2$2,580 USD
Median per m2$3,030 USD

Based on 127 listings currently on this site. Asking prices, not sale prices; currency conversions are approximate.

Renting vs. owning here

This price equals about 24 years of renting a similar home

Typical long-term rent in Playa del Carmen, per month$2,210 USD
Gross yield if rented long-term4.2%

Based on 15 listings currently on this site. Asking prices and asking rents. Owning also carries closing costs, HOA fees, property tax, the bank trust for foreign buyers, maintenance and insurance, which are not included.

Long-term rental vs. Airbnb

As a short-term rental: about 3.3% gross yield a year

Assumes $149 USD a night at 38% occupancy
Short-term gross, per month$1,721 USD
Short-term gross, per year$20,655 USD

An estimate from typical rates for this city and size, not a figure for this property. Gross income before platform fees, cleaning, utilities, management, taxes and empty nights. Check that the building allows short-term rentals.