Santurce 18,000 Sq. Ft. Building

  • $1,000,000
18.4377807,-66.0588299
For Sale
Santurce 18,000 Sq. Ft. Building
18.4377807,-66.0588299
  • $1,000,000

Details

Updated on April 22, 2024 at 3:10 pm
  • Property ID: PR006
  • Price: $1,000,000
  • Property Size: 18000 ft²
  • Land Area: 590 m²
  • Bedrooms: 34
  • Bathrooms: 14
  • Property Type: Commercial, Multi-unit
  • Property Status: For Sale

Additional details

  • Number of Apartments: 11 apartments, 6 on 2nd floor, 5 on 3rd floor
  • Construction Materials: Concrete
  • NO HOA:: -

Description

Introducing an exceptional commercial property in the vibrant Sagrado Corazon area of Santurce, San Juan, Puerto Rico. This 18,000 square foot building stands as a beacon of opportunity in an up-and-coming locale, brimming with improvements, investments, and bustling foot traffic.

Comprising three floors, each spanning approximately 6,000 square feet, this property presents a multitude of possibilities. The first floor currently hosts two thriving businesses—a convenience store, restaurant, and bar with two bathrooms, as well as a separate restaurant with one bathroom. These businesses utilize only 30% of the available space, leaving ample room for additional ventures to flourish.

Ascend to the second and third floors, currently configured as apartments awaiting repair and remodeling. The second-floor features six apartments: four 4-bedroom, 1-bathroom units, one 3-bedroom, 1-bathroom unit, and one 1-bedroom, 1-bathroom unit. The third floor offers five apartments—three 4-bedroom, 1-bathroom units and two 3-bedroom, 1-bathroom units.

Unleash your creativity with these upper floors, whether transforming them into Section 8 housing, long-term rentals, or short-term rentals, or repurposing them entirely for new endeavors.

This property represents an outstanding investment opportunity in a burgeoning area. Imagine the possibilities: restaurants, bars, nightclubs, virtual reality centers, laser tag arenas, beauty salons, doctor’s offices, real estate offices, dance studios, karate dojos, and so much more. With seller financing available with a 30% down payment, this opportunity becomes even more enticing. Seize the moment and turn your dreams into reality at this versatile property, poised to accommodate a vast array of businesses.

  • Address 1960 Av. Borinquen, San Juan
  • City San Juan
  • State/county Puerto Rico
  • Zip/Postal Code 00915
  • Area Santurce
  • Country Puerto Rico, United States

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Floor Plans

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Description:
Commercial Areas

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Description:
There are six apartments on the second floor.

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Description:
There are five apartments on the third floor.

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Mike McCarty
  • Mike McCarty