### An Investor’s Dream: Prime Mixed-Use Multifamily Property in Condado
#### Generate Substantial Short-Term Rental Income or Establish Your Commercial Vision
Discover the unparalleled charm of Condado through the doors of this meticulously renovated Art Deco multifamily property. Nestled in the heart of this vibrant tourist hub and just steps away from the iconic La Concha Hotel Beach, this hidden gem is ready to become your next income-generating powerhouse.
### Key Features:
– **Versatile Usage:** Ideal for short-term rentals, commercial purposes like a Med Spa, Medical Office, Wellness Center, Group Rental Business, or a Guest House.
– **Strategic Location:** Situated in a prime area with high foot traffic and tourist appeal.
– **Fully Remodeled:** Recently undergone an extensive renovation, ensuring modern comfort while preserving its historic charm.
– **Grand Reveal:** Scheduled for the first week of December, perfectly timed to capture peak tourist season interest.
### Property Details:
– **Three Distinct Buildings:** A stunning Art Deco architectural masterpiece.
– **Seven Apartment Units:** Featuring a total of 14 bedrooms and 9 bathrooms.
– **Luxurious Amenities:** Brand-new pool and lush patio area for relaxation and leisure.
– **Convenient Parking:** Seven dedicated parking spaces to enhance accessibility.
– **Tax Credits:** Take advantage of the 40% tax credits offered by the Department of Tourism for this type of property.
Whether you’re looking to establish a charming guest house or embark on an Airbnb venture, this investment property holds the key to a lucrative and inviting hospitality business. Seize the opportunity to make your mark in Condado’s thriving landscape with this fully renovated Art Deco gem. History meets modern sophistication here—your ideal investment awaits in the heart of the Condado experience!
#### Generate Substantial Short-Term Rental Income or Establish Your Commercial Vision
Discover the unparalleled charm of Condado through the doors of this meticulously renovated Art Deco multifamily property. Nestled in the heart of this vibrant tourist hub and just steps away from the iconic La Concha Hotel Beach, this hidden gem is ready to become your next income-generating powerhouse.
### Key Features:
– **Versatile Usage:** Ideal for short-term rentals, commercial purposes like a Med Spa, Medical Office, Wellness Center, Group Rental Business, or a Guest House.
– **Strategic Location:** Situated in a prime area with high foot traffic and tourist appeal.
– **Fully Remodeled:** Recently undergone an extensive renovation, ensuring modern comfort while preserving its historic charm.
– **Grand Reveal:** Scheduled for the first week of December, perfectly timed to capture peak tourist season interest.
### Property Details:
– **Three Distinct Buildings:** A stunning Art Deco architectural masterpiece.
– **Seven Apartment Units:** Featuring a total of 14 bedrooms and 9 bathrooms.
– **Luxurious Amenities:** Brand-new pool and lush patio area for relaxation and leisure.
– **Convenient Parking:** Seven dedicated parking spaces to enhance accessibility.
– **Tax Credits:** Take advantage of the 40% tax credits offered by the Department of Tourism for this type of property.
Whether you’re looking to establish a charming guest house or embark on an Airbnb venture, this investment property holds the key to a lucrative and inviting hospitality business. Seize the opportunity to make your mark in Condado’s thriving landscape with this fully renovated Art Deco gem. History meets modern sophistication here—your ideal investment awaits in the heart of the Condado experience!
Property Details
Price:
$3,200,000
MLS #:
PR9103184
Status:
Active
Beds:
13
Baths:
9
Address:
1127 PICCIONI STREET CORNER
Type:
Multi Family
Subtype:
Triplex
Subdivision:
CONDADO
City:
SAN JUAN
Listed Date:
Nov 18, 2023
State:
PR
Finished Sq Ft:
5,306
ZIP:
00907
Lot Size:
27,394,013 sqft / 628.88 acres (approx)
Year Built:
1959
Units:
7
See this Listing
I have been selling real estate for over 23 years from New York to Florida. My main service areas include Celebration, Marco Island, Miami, Naples, Orlando, Sarasota, Tampa, Windermere. We can help you buy or sell real estate anywhere in the State of Florida. Looking for Golf Course Homes For Sale, Luxury Estates, Beachfront Condos, Gated Communities, Fine Homes and Estates, we cover it all.
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Schools
Interior
Appliances
Cooktop, Refrigerator
Cooling
Mini- Split Unit(s)
Flooring
Terrazzo
Heating
Electric, Propane
Laundry Features
Laundry Room, Outside
Exterior
Construction Materials
Concrete
Exterior Features
Courtyard, Garden, Hurricane Shutters, Outdoor Shower, Private Mailbox, Storage
Other Structures
Storage
Parking Features
Ground Level
Roof
Cement
Financial
Buyer Agent Compensation
2.5%%
Map
Community
- Address1127 PICCIONI STREET CORNER SAN JUAN PR
- CitySAN JUAN
- CountySan Juan
- Zip Code00907
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Courtesy of MARIO MCCANN. 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 CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti 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.
1127 PICCIONI STREET CORNER
SAN JUAN, PR
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