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. A lot of space to make your dreams come true.
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. In addition, Sellers are willing to Seller finance with 30% down payment which makes this even more of an attractive opportunity.
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. A lot of space to make your dreams come true.
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. In addition, Sellers are willing to Seller finance with 30% down payment which makes this even more of an attractive opportunity.
Property Details
Price:
$1,000,000
MLS #:
PR9105388
Status:
Active
Beds:
0
Baths:
0
Address:
1960 BORIQUEN AVENUE
Type:
Commercial
Subtype:
Mixed Use
City:
SAN JUAN
Listed Date:
Mar 24, 2024
State:
PR
Finished Sq Ft:
18,000
ZIP:
00915
Lot Size:
6,351 sqft / 0.15 acres (approx)
Year Built:
1960
See this Listing
From San Juan and all areas between, Schera Ramirez has represented clients in a variety of homes and price ranges. Schera has an immense passion for Puerto Rico real estate, architecture, and helping her clients exceed their goals. Repeat clients and numerous referrals serve as a testament to her tireless work ethic and real estate acumen. A strong professional network, locally and globally, has allowed Schera to best position her clients here, as well as in other markets. Solid negotiating s…
More About Schera C-20024Mortgage Calculator
Schools
Interior
Cooling
None
Flooring
Ceramic Tile
Exterior
Construction Materials
Concrete
Financial
Buyer Agent Compensation
2%
Map
Community
- Address1960 BORIQUEN AVENUE SAN JUAN PR
- CitySAN JUAN
- CountySan Juan
- Zip Code00915
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Courtesy of MICHAEL MCCARTY. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Stellar MLS. Detailed information about real estate listings held by brokerage firms other than (743590029) REALTYBROKERPR.COM include the name of the listing broker. Neither the listing company nor (743590029) REALTYBROKERPR.COM shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Stellar MLS. All rights reserved. 1960 BORIQUEN AVENUE
SAN JUAN, PR
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