1 El Table, Quintana Roo, ­ 77500

$2,626,556

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List Price
$2,626,556
Status
ACTIVE
Days on Market
41
MLS#
MX261180113
Subtype
Land
Acres
1.70
Subdivision
Zona Hotelera

Property Description

PRICE REDUCED! | Prime Opportunity for Developers and Investors in Cancun Condominium development land for sale with a pre-approved project, strategically located at the entrance of Cancun’s Hotel Zone, one of the destination’s most sought-after and high-appreciation areas. Previous Appraised Value: $67,450,000 MXN New Asking Price: $45,000,000 MXN Project Highlights • Total project area: 12,336 m² • Area designated for Tower B: 6,896 m² • Approved for the construction of 38 residential units across 14 levels • Existing condominium regime in place • Water and electricity feasibility available • Completed common areas, including a multipurpose room, meeting room, gym, and children's playground • Foundation and piling work for Tower B already completed • Previously approved land-use permit (renewal required) Investment Advantages • Significant discount compared to the latest appraised value • Advanced infrastructure already in place, reducing development timelines and costs • Strategic location at the gateway to Cancun’s Hotel Zone • Partnership contribution option available with a 50% initial investment • Strong potential for profitability and long-term capital appreciation An exceptional opportunity to develop in one of Mexico’s most established and highly demanded real estate markets.

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Listing courtesy of Askin Real Estate.