Description

Situated at the bustling corner of Albert Hoy & Chetumal Street, this two-story commercial building occupies a strategic location within Belama Phase 1, a highly sought-after neighborhood located just North of downtown Belize City that’s becoming another epicenter for businesses.

Building Data:

• On the property is a two storey building having on the lower level a one bedroom apartment, a food preparation area, two storerooms and a large open area.
• The middle floor has two bedrooms, three bathrooms, living, kitchen , four offices, one conference room and storeroom.
• The roof top has a small open room, utility room and a storeroom. It has reinforced concrete foundation, floors, beams, columns and roof.
• The walls are concrete blocks, plastered and painted for the external ones while the internal ones are a mixture of concrete blocks and drywall, painted.
• Windows are glass sash horizontal sliding, while the doors are a mixture of panel mahogany and hollow- core metal doors.
• The floors are finished with porcelain tiles, only a section on the ground floor is bare concrete.The ceiling are drywall, painted.
• The ground floor and roof top are in fair-condition, while the middle floor is in good condition.
• It has an area of 8583 sq.ft. and balcony of 262 sq.ft.
• Pile foundation in place to build an additional two levels.

Property Attributes:

• Only minutes from major amenities—including supermarkets, hardware stores, restaurants, parks, and public transport—Belama Phase 1 offers both convenience and family-friendly appeal. The neighborhood has experienced significant commercial growth along the main arteries like Albert Hoy Avenue, increasing demand for office and retail spaces
• Corner frontage ensures excellent exposure. With steady pedestrian and vehicular traffic, and a bus stop across the street, the building is ideal for businesses seeking visibility and easy access.
• A well-configured layout with a spacious ground floor suitable for retail or workspace, complemented by upstairs offices or potential residential conversion.
• Ideal for a range of commercial uses: retail, small offices (lawyers, real estate, consultants), medical/health services.
• Also well-suited for owner-occupiers seeking to live and work in the same building or those aiming to convert the upstairs into residential rental income.
• On Albert Hoy there is approximately 72 ft street frontage with approximately 55 ft along Chetumal Street.