The Reef View building is located on the main street, in downtown San Pedro. This is a mixed commercial opportunity with 8 apartments. The ground floor is currently divided into 3 retail rental spaces. Reef View Ltd is a strata title corporation. Each of the 8 apartments has individual titles. The ground floor retail/office space is divided into 2 strata titles.
The 6 one-bedroom apartments are approximately 640 square feet. The third-floor 2-bedroom apartment is 1,048 square feet. The last apartment is a 294-square-foot studio. The total interior space is over 7,700 square feet with 1,280 feet of outdoor verandas. Seven of the apartments have views of the ocean and the Barrier Reef. The rooftop palapa offers 360-degree views of the ocean, lagoon, and downtown San Pedro.
Reef View is in downtown San Pedro conveniently located near banking institutions, restaurants, tourist destinations, and government buildings. The San Pedro Municipal Airport is less than a 5-minute drive.
The property was renovated in 2013. All apartments and commercial office space are fully furnished. The owners invested over $100,000 USD in office renovations. With the addition of a fire escape or second stairway, this property could be converted into a vacation rental. Reef View is an excellent opportunity for extended-stay visitors. The demand for this market has increased significantly due to “Work From Home” programs.