Commercial Real Estate for Sale in Santurce, San Juan, Puerto Rico $

Michael McCarty Lic. C-11386

$1,000,000

Commercial Real Estate for Sale in Santurce, San Juan, Puerto Rico $

Price:

$1,000,000

Home Loan:

Mortgage Rates are Still Low - Free Quote Now

BR/BA:

10+ BR, 10+ BA

Location:

1960 Boriquen Avenue, San Juan, PR

Description:

This property is an 18,000 square foot building in the Sagrado rCorazon area of Santurce, San Juan, Puerto Rico. The Sagrado Corazon rarea of Santurce is an up and coming area with lots of improvements, rinvestments, and foot traffic in the area. rrThe property consists of 3 floors, each with approximately 6000 rsquare feet. There are currently 2 operating businesses as tenants on rthe first floor. One business is a convenience store, restaurant, bar rwith 2 bathrooms. The other business is a restaurant with 1 bathroom. rThese businesses occupy approximately 30% of the first floor so there isr much more potential for more businesses on the first floor alone. A rlot of space to make your dreams come true.rrThe second and third floors are currently set up as apartments that rdo need repair and remodel work. The second floor has 6 apartments rtotal, four 4 bedroom 1 bath apartments, one 3 bedroom 1 bath rapartment, and one 1 bedroom 1 bath apartment. The third floor has 5 rapartments, three 4 bedroom 1 bath apartments and two 3 bedroom 1 bath rapartments.rrThe second and third floors can be repaired to be section 8 housing, rlong term rentals, short term rentals. Or, can be completely converted rto different uses.rrThe property is a great investment opportunity in an up and coming rarea. Potential businesses include, but are not limited to, rRestaurants, Bars, Nightclubs, Virtual Reality, Laser Tag, Beauty rSalons, Doctor's offices, Real Estate offices, Dance Studios, Karate rStudios, Short Term rentals, Long Term rentals, Section 8 housing, rStorage Rentals, plus many, many more potential businesses. The ropportunities for this property are endless with a lot of space to make ryour dreams come true. The property can house pretty much any business rone can think of. In addition, Sellers are willing to Seller finance rwith 30% down payment which makes this even more of an attractive ropportunity. Brokered And Advertised By: puerto-rico-real-estate.com Listing Agent: Michael McCarty Lic. C-11386

Property Type:

Commercial & Office Space for Sale

Sq feet:

18,000 sq. ft.

For sale by:

Agent/Broker

Agent Name:

Michael McCarty Lic. C-11386

Posted:

November 24 2023 on Point2

External Link:

Click Here

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