For Sale 3200 sq ft/316 M2 Bodega/Warehouse currently used as my live-in art studio. The location is sunny Chapala, Jalisco, Mexico a small town directly on Lake Chapala, Mexico's biggest lake. Guadalajara is 1 hr north, the GDL airport 1/2 hour away. Chapala is a town of about 30,000 residents. Pictures in the post that follows.
Chapala and the Lakeside area is known for its great weather; rarely to hot or too cold. US and Canadian retirees abound in the next town over, called Ajijic, but Chapala is basically middle-class Mexican in flavor and practice. Slower during the week,but the weekends and holidays are busy as tourists from Guadalajara come to walk Chapala's famous lakeside boardwalk (Malecon) or dine at the various upscale restaurants.
The warehouse has been cleaned up, walls plastered, painted inside and out, the peaked ceiling insulated and everything is in good working order including water, sewage, electrical, taxes and the roof. Still keep in mind this is a warehouse style space. Not an apartment though I do live here. The roll-up door is dock high as the sidewalk angles down the slight hill. Within 1 block are laundry, restaurant, hardware, butcher, groceries and much more. Neighbors include lots of kids, a doctor, a school teacher, a dump truck driver and a vegetable stand.
Taxes are @$60 a year. Water is at the low bodega rate and costs $100 a year. Electrical is currently set on the lowest rate. The property is classified commercial and as bodega which gets lower rates on everything.
The price of $80,000 US is based on a recent realtor estimated value as a commercial bodega to the local Mexicans. As an art studio its worth more, in my opinion, because the type of building is hard to find. Large open space buildings are rare as they are usually quickly carved up into several small rooms.
Most property transfer fees are paid by the buyer. Owning property by foreigners outside of the coastal zone is 100% legal and so I have full deed to the property. I'm based in Seattle, Washington and I may be contacted at billyking50@yahoo.com The sales contracts may be written up as a US legal document as well as going through the land registry process here in Mexico. There are US tax advantages to having a commercial work space in Mexico. I have successfully written off all my travel, upkeep and studio upgrade expenses the last 7 years.
Contact: Billy King at billyking50@yahoo.com
