3.24 Acre Investment Opportunity on Faber’s Road, Belize City

US $237,500

BZ $475,000

Location: Belize City, Belize
Listing ID: 90

Active

Property Type: Commercial

Description

This well-positioned piece of real estate is located on Faber’s Road, an area that's recently undergone infrastructural developments. This property comes at a fraction of the cost compared to others in the area and lies within Belize City Limits. The property boasts approximately 255.56 ft. of road frontage with well over 500 ft. in depth making it perfect for so many uses such as a private residential community or simply for the construction of a warehouse.

This prime property is strategically located on Faber’s Road with the Western Highway being no more than half a mile offering easy accessibility to the newly constructed Chetumal Street Bridge which connects to Belama Phase 1 and flows into the Northern Highway.

Things to consider:

You can acquire these 3.24 Acres at $475,000 BZD or pay $650,000 BZD for a lot offering 10,000 square feet on Coney Drive. What would be your ROI on the investment of $650,000 BZD? Don’t forget the cost of construction.
There is a HIGH DEMAND for homes in Belize City with banks approving first time home buyers with financing up to $150,000 BZD but minimal availability of land in the city. YES, 3-bedroom 1 bath homes on the Southside of Belize City do hold a value of $135k to $150k.

Property Attributes:

Rare to find acreages within city limits.
Light and water accessibility.
Faber’s Road serves as a main artery for the flow of traffic from Central American Blvd to the Western Highway.
Road frontage of 255.56 ft. and a depth of 500 ft.
Great ROI as property could be subdivided and homes can be constructed for resale.
Commercial Possibility to house a supermarket along with a gas station, another great income generator.

Belize district has many tourist attractions and a variety of recreational activities. Attractions include Cave Kayaking or Tubing tours, Coral Garden Shark and Sting Ray Alley Snorkeling, and the Altun Ha Mayan Ruin. Popular restaurants in Belize City are Chef Roger/Lebanese Cuisine and Shisha, Midtown Restaurant & Bar, Celebrity Restaurant & Bar and Mimi’s Bistro.

Listed at $475,000 BZD. Call or WhatsApp Listing Agent Daniel Matus at +501-615-5886.