What a lot! A developer's dream: central, coastal, with approval for homes or high rise for ocean views.
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This 26,900 sq ft (2,500 sqm) piece of development land is in a great location between the main downtown area and the increasingly popular southern cruise ship zone.
It's already been surveyed and approved for 60% development, which means you could build a community of 16 homes or a 6 floor condo or hotel building, looking out across the turquoise Caribbean Sea.
With thousands of tourists passing by, the ground floor offers abundant opportunities for commercial units too.
Even if you make quick back of an envelope calculations now, at the reduced price of $750,000 (previously $875,000), it's clear the return on investment will be exceptional.
Serious investors contact the listing agent now for more information, see the full listing here or find out more about Cozumel real estate here.
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