Twenty years from now you will be more disappointed by the things you didn’t do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover. -Mark Twain
Saturday, May 30, 2009
Beachfront Property in Mexico goes on Auction Block
As previously reported here, five commercial land tracts in Puerto Penasco, ranging from 0.8± to 102± acres, and two commercial buildings will be offered at a live auction, a joint project for United Country Real Estate and Colliers International.
Conducted by Mike Fisher, auctioneer and chief executive officer of United Country – The Redfield Group, the auction will take place at the Marriott Phoenix Airport (1001 N. 44th Street, Phoenix, Ariz. 85008). Registration will open at 1 p.m., and the auction will begin at 2 p.m. The unimproved properties may be seen anytime, and auction representatives will be on-site from May 28 to June 4, from 10 a.m. to 5 p.m.
“This auction is the chance of a lifetime. Buyers have the rare opportunity to own beautiful beachfront property – all of which has significant income potential – at auction prices. Buying these properties at auction ensures fair market value will be established, allowing qualified buyers to purchase top-notch properties on the Sea of Cortez, in one Mexico’s fastest growing tourist areas, which sees millions of American tourists each year,” said Fisher. “These properties are located just an hour from the U.S. border and less than four hours from Phoenix and Tucson. You couldn’t ask for a better location for your development project.”
Detailed information about each property for sale, as well as details about the auction, can be found online at www.redfieldgroup.com or by calling 866-673-9270.
Located on the beach of Puerto Penasco, the first property for sale was originally designated for a large resort. The 34± acre site has 670± feet of Sea of Cortez beachfront and 869± feet of Morua Estuary shoreline, and it has been authorized for 1,086 condos and permitted and approved for 318 condos.
Also for sale is a development site in the popular Sandy Beach area, which has seen considerable tourist development in the past 7 years. Ideal for condominium or commercial development with beach access, the tract is 8.11± acres and located on Boulevard Costero, the main channel of traffic flow into the Sandy Beach area.
Buyers will also have the opportunity to purchase Suenos Del Mar, a 102± acre tract with 100 ft. of beachfront, ideal for a comprehensive, master-planned community. In addition, the property is located in the Tourist Zone on Fremont Boulevard, the main east/west thoroughfare, which allows developers to use the property for a variety of projects: residential homes, condominium projects, hotels, commercial centers and more.
The fourth property to be auctioned is a 29± acre tract located at a key intersection near the eastern city limits of Puerto Penasco. With convenient access to beach and town amenities, the interior portion of this property is an attractive site for residential development. However, the property also offers frontage to Fremont Boulevard, the main east/west corridor of Puerto Penasco, making it ideal for commercial and retail development.
With access by land or sea, the final undeveloped commercial property for sale is a rectangular shaped lot of approximately 0.8± acres, located at the northwest corner of the Puerto Penasco harbor. Ideal for commercial, hotel or condominium development, this location will benefit greatly from the ongoing marina redevelopment program. The city’s plans to revamp the harbor area have encouraged new development around the marina area, including current construction
of a national chain hotel and a modern commercial/retail development.
In addition to the commercial sites, this auction will also feature two commercial buildings, both located in the Tourist Zone. The Placita Melanie (Melanie Plaza) contains 22 units ranging from 426 to 2,299 square feet. The building totals 19,345 square feet and is situated on a 26, 909± square-foot lot with 90 parking spaces. Located on Fremont Boulevard, this building is perfect for commercial, medical and retail tenants. The units also may be resold as commercial condominiums. The Majestic Business Park is a modern 22,800-square-foot building featuring 14 warehouse/office units. Each unit contains private offices with private bathrooms, and square footages begin at 1200 square feet per unit.
About Colliers International
Colliers International is a global affiliation of independently owned commercial real estate firms. The organization's 11,000 employees span the world in 293 offices in 61 countries. On a worldwide basis, Colliers manages 868 million square feet and has revenue of $US 2.0 billion.
About United Country
United Country Real Estate is the largest fully integrated franchise network of real estate and auction professionals in the nation. Based in Kansas City, Mo., the company has been an innovator in real estate marketing since 1925. United Country supports nearly 675 offices across the U.S. and in Costa Rica with a unique, comprehensive marketing program that includes one of the largest portfolios of property marketing web sites (more than 750 separate sites), seven proprietary real estate catalogs with a cumulative distribution of 1.5 million, an extensive, current buyer database and national advertising of properties to more than 90 million potential buyer prospects a week. United Country has been recognized as a Top 25 Franchise by the Wall Street Journal and among Entrepreneur Magazine's Franchise 500®.
Source: United Country Real Estate
United Country Real Estate
2820 NW Barry Road
Kansas City, MO 64154
Public Relations Manager