Active

$699,900

Features:
  • 0 Bedrooms
  • 0 Bathrooms
  • 18000 sq ft
Overview
  • ID: MFRPR9105466
  • Bedrooms: 0
  • Bathrooms: 0
  • Size: 18000 sq ft
Property Details
Remarks
This property is an 18,000 square foot building in the Sagrado Corazon area of Santurce, San Juan, Puerto Rico. The Sagrado Corazon area of Santurce is an up and coming area with lots of improvements, investments, and foot traffic in the area. The property consists of 3 floors, each with approximately 6000 square feet. There are currently 2 operating businesses as tenants on the first floor. One business is a convenience store, restaurant, bar with 2 bathrooms. The other business is a restaurant with 1 bathroom. These businesses occupy approximately 30% of the first floor so there is much more potential for more businesses on the first floor alone. The second and third floors are currently set up as apartments that do need repair and remodel work. The second floor has 6 apartments total, four 4 bedroom 1 bath apartments, one 3 bedroom 1 bath apartment, and one 1 bedroom 1 bath apartment. The third floor has 5 apartments, three 4 bedroom 1 bath apartments and two 3 bedroom 1 bath apartments. The second and third floors can be repaired to be Plan 8 housing, long term rentals, short term rentals. Or, can be completely converted to different uses. The property is a great investment opportunity in an up and coming area. Potential businesses include, but are not limited to, Restaurants, Bars, Nightclubs, Virtual Reality, Laser Tag, Beauty Salons, Doctor's offices, Real Estate offices, Dance Studios, Karate Studios, Short Term rentals, Long Term rentals, Plan 8 housing, Storage Rentals, plus many, many more potential businesses. The opportunities for this property are endless with a lot of space to make your dreams come true. The property can house pretty much any business one can think of. A Buyer could also obtain tax credits for tourism development or long term housing development via Act 128. In addition, Sellers are willing to SELLER FINANCE which makes this even more of an attractive opportunity.
Financial Considerations
Price:
$699,900
HOA Fee:
N/A
Tax Amount:
$N/A
Price per SqFt:
$38.88
Tax Legal Description:
N/A
Exterior Features
Lot Size:
6351
Lot Features:
City Limits, Near Public Transit, Sidewalk
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Cement
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
0
Bathrooms:
0
Heating:
None
Cooling:
None
Appliances:
N/A
Furnished:
No
Floor:
Ceramic Tile
Levels:
N/A
Additional Features
Property Sub Type:
Multi Family
Style:
N/A
Year Built:
1960
Construction Type:
Concrete
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Balcony, Other, Sidewalk
Additional Features 2:
N/A
Map
  • Address
    1960 BORIQUEN
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