Active

$975,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • sq ft
Overview
  • ID: MFRPR9119730
  • Bedrooms:
  • Bathrooms: 0
  • Size: sq ft
Property Details
Remarks
Commercial Investment Opportunity – Three-Building in Downtown Arecibo Located in the historic Downtown Arecibo, three commercial buildings located at José de Diego Avenue, one of the main commercial corridor in the area. A unique opportunity for investors, developers or owner seeking income producing assets with redevelopment potential. Sale Price: $975,000 – Sold As-Is Addresses: #179, #181, and #183 José de Diego Avenue, Arecibo, Puerto Rico Property Overview Total Buildings: Three (3) commercial buildings Total Building Area: Approx. 19,112 sq. ft. Zoning: Commercial (C-1 and C-2) Flood Zone: Zone X (Non-Flood Area) Annual CRIM Property Taxes: $12,420 (for all three properties) Building #1 – Development Opportunity 179 José de Diego Avenue Structure: 3 levels Building Area: 8,824 sq. ft. Lot Size: 542.18 m² Zoning: Commercial C-2 Flood Zone: Zone X Property Notes: Currently vacant Requires renovation and rehabilitation This building presents significant development potential for commercial, office, mixed-use or residential conversion. Buildings #2 & #3 – Income-Producing Asset 181–183 José de Diego Avenue Two adjacent commercial buildings currently leased, providing stable rental income. Structure: 3 levels Total Building Area: 10,288 sq. ft. Lot Size: 542.18 m² Zoning: Commercial C-1 Elevator: Yes Roof: Recently treated (2024) Additional Features: Water cistern Electrical substation located on the rooftop Leasable Area: Approx. 8,200 sq. ft. Investment Highlights ? Prime location in Historic Downtown Arecibo ? Elevator and recently treated roof in the income-producing property ? Non-flood zone (Zone X)
Financial Considerations
Price:
$975,000
HOA Fee:
N/A
Tax Amount:
$N/A
Price per SqFt:
$94.77
Tax Legal Description:
N/A
Exterior Features
Lot Size:
4000
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
N/A
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
N/A
Cooling:
Central Air, None, Other
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Mixed Use
Style:
N/A
Year Built:
1970
Construction Type:
Concrete
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    179 AVE JOSE DE DIEGO
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