4-Storey Mixed-Use Investment Property in Central Belize City
Description
Ideally positioned in the heart of Belize City, this four-storey mixed-use building presents an exceptional redevelopment opportunity for investors, developers, and entrepreneurs seeking a centrally located property with income-generating potential. The property is approximately a five-minute walk from the San Pedro Belize Express Water Taxi terminal and within easy walking distance of banks, supermarkets, schools, restaurants, shops, and other essential city amenities. Its convenient location in a high-traffic area offers excellent accessibility and strong potential for a variety of residential and commercial uses. The ground floor currently comprises a spacious, open warehouse area that generates rental income. The second floor features two one-bedroom, one-bathroom apartments, while the third floor provides additional apartment space. The fourth floor leads to an open rooftop area offering expansive views across Belize City and toward the Caribbean Sea. Although the building requires restoration and modernization, its substantial size, versatile layout, central location, and mixed-use possibilities provide an excellent foundation for transformation. Potential uses include apartments, professional offices, retail or commercial spaces, staff accommodations, a hostel, or another innovative hospitality or business concept, subject to the necessary approvals. Properties offering this combination of space, location, existing rental potential, and redevelopment possibilities are rarely available in central Belize City. With the right vision and investment, this property could be transformed into a valuable residential and commercial asset.
Where it is
What's on near Belize City
10/09Belize City Waterfront Family Evening — 09 OctBelize City waterfront · Belize District10/17Belize Birding Festival
Belize City · Belize District10/17Belikin Blue Water Classic
Belize City · Belize District10/18Turneffe Conservation Talk — 18 Oct
Belize City · Belize District
Climate · Orange Walk
Station: PUCTE · 17.6 km from the representative point.
Explore monthly temperature and rainfall
Typical daytime temperature
1991–2020 station normals · Average daily high (°C)
Representative-station climate context, not today’s weather or a property-level hazard assessment. Missing monthly values are not estimated.
Read the values and sample counts
| Period or area | Average daily high (°C) |
|---|---|
| Jan | 29 |
| Feb | 30 |
| Mar | 32 |
| Apr | 34 |
| May | 35 |
| Jun | 33 |
| Jul | 33 |
| Aug | 34 |
| Sep | 33 |
| Oct | 32 |
| Nov | 30 |
| Dec | 29 |
Rainfall through the year
1991–2020 station normals · Mean monthly precipitation (mm)
Representative-station climate context, not today’s weather or a property-level hazard assessment. Missing monthly values are not estimated.
Read the values and sample counts
| Period or area | Mean monthly precipitation (mm) |
|---|---|
| Jan | 69 |
| Feb | 35 |
| Mar | 26 |
| Apr | 43 |
| May | 125 |
| Jun | 209 |
| Jul | 164 |
| Aug | 193 |
| Sep | 189 |
| Oct | 181 |
| Nov | 95 |
| Dec | 60 |
Getting there
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Within two kilometres
| Property | Distance | Beds | Asking |
|---|---|---|---|
| Fixer-Upper 2-Storey Colonial Home on Gaol Lane near Marine Parade, Belize City Belize City | 3 min walk | 4 | $35,000 |
| Fixer-Upper Property along Mason Alley, off North Park Street, Belize City Belize City | 4 min walk | 4 | $120,500 |
| Commercial Building (formerly Mirab) – Corner Cork and Fort Streets, Belize City Belize City | 4 min walk | — | $5,750,000 |
| 2 Storey Concrete FIXER-UPPER with 3 Bed 1 Bath Apt. on each Floor, Belize City Belize City | 4 min walk | — | $175,000 |
| Residential Lot along Frederick Street in Northside Belize City, Belize Belize City | 4 min walk | — | $24,500 |
| Prime Commercial Lot on New Road – Downtown Belize City Belize City | 5 min walk | — | $115,000 |
Straight-line distances from the coordinates each agent published, so treat a walking time as indicative. Look at the site on Google Earth
How this one compares
5 similar properties on the island advertised at within 25% of this price with a similar number of bedrooms. Their median asking price is $489,500 — this one is asking 12% more. Asking prices only; nobody has paid these.
| Property | Where | Beds | Asking | vs this one |
|---|---|---|---|---|
| Well-known Boutique Hotel facing the Caribbean Sea in Punta Gorda, Toledo | Punta Gorda | 8 | $575,000 | +5% |
| 4 Unit Investment Property With Expansion Potential | Belama Phase 2 | Belize City | 7 | $489,500 | -11% |
| Riverfront Retreat In Twin Town Cayo | Santa Elena | 7 | $475,000 | -14% |
| Grand Home / Office Compound on a Massive Corner Lot off Princess Margaret Drive | Belize City | 8 | $650,000 | +18% |
| Lost World Jungle Resort in Hummingbird Highway | Hummingbird Highway | 8 | $430,000 | -22% |