Expansion & Development Land By Resort Hotel In San Felipe For Sale

Business description

Expansion and development land adjacent to 48 room Hotel Las Palmas - 1,000 yards from sea of Cortez with best fishing in north america for $1,000,000 down payment . . . Read on!!!

Property can be developed as golf park, children’s playground, bowling alley, movie theater complex, RV rental park, or expansion for the adjoining hotel – all with separate access.

Adjacent to hotel with only gaming license in town of San Felipe, Mexico, and only Spa in town with thermal, mineral water pools. First & only hacienda style hotel in town – rustic atmosphere. Carlos Slim is major area owner. Views of Sea of Cortez & Sierra Madre Mountains. Hotel website describes water as getting up to 98 degree – “bathtub temperature”.

The camels are all gone! You only get the land! Development land did have 8 camels! But, with all due respect, owners felt they were “stupid” animals. If they did not use them one day – they forgot their training.

Best fishing in North America. You can put 2-3 hooks on one line and pick up 2-3 fish at one time – mostly white sea bass. In 4 hours – caught 1/2 ton of fish! We are told “after fishing there – anywhere else is boring!” Never starve – plenty of food there. Plus – in these waters – No Pirates!

Adjoining property has reputation as cleanest hotel in town.

CostCo delivers what you buy to San Felipe – you can shop or order on-line.

Purchase terms: $5 million price, 20% down ($1,000,000), with $4 million balance at 6% with note for 10 years.

Purchase is subject to right of first refusal option by owner of hotel business.

Location: San Felipe is at north end of Bay of Cortez – which separates Baja California from mainland Mexico. (a) Mexicali is 2 hours from San Diego, CA – and San Felipe is 2 hours from the Mexicali border. (b) One can go by car via El Centro, rather than Mexicali. (c) There is also a small, private airport near the hotel.

For more information, please contact Joe Gertz.

Property information

Real Estate:

Real Property Included

Location:

San Felipe, Mexico

Other information

Reasons for selling:

Retirement

Trading hours:

Hotel: 24/7; Restaurant: 7-3 & 5-11pm