Premium Commercial Property for Sale or Development in Santurce, Puerto Rico
Address: 409 Calle San Jorge, Santurce, PR
Property Overview:
Building Size: 4,251 sq. ft. spread across two floors, plus additional square footage contained in 2 private terraces
Lot Size: 650 sq. meters
Parking: 13 dedicated spaces
Equipment: Two generators and 2 water cisterns of 600 gallons each
Location: Prime position in the thriving Santurce business district
Investment Highlights: This versatile commercial property offers a unique opportunity for real estate investors. The existing structure can be utilized as office space, ideally suited for professional services, tech companies, or creative industries. Additionally, the property presents substantial redevelopment potential with the option to convert it into a 7-unit guest house with several private terraces, capitalizing on the growing demand for boutique accommodations in Puerto Rico’s vibrant tourism market. With two terraces (12’ x 14’ and 8’ x 23’), one balcony and the possibility of adding two additional terraces, 5 of the 7 units in a conversion strategy could have private outdoor space.
Strategic Advantages:
Prime Location: Situated in the bustling Santurce area, surrounded by businesses, restaurants, and cultural attractions.
Flexible Use: Can be leased as office space or reimagined as a hospitality venture.
Puerto Rico Act 60 Tax Incentives: Eligible for significant tax benefits, including exemptions and tax credits under the Puerto Rico Act 60 program, designed to encourage investment and economic growth on the island.
Investor Appeal:
With its central location, flexible usage options, and eligibility for Act 60 tax incentives, this property is well-positioned for investors looking to maximize returns, either through long-term leasing or redevelopment into a tourism project.
Contact Us Today for detailed financial projections, additional property information, or to schedule a private tour.
Address: 409 Calle San Jorge, Santurce, PR
Property Overview:
Building Size: 4,251 sq. ft. spread across two floors, plus additional square footage contained in 2 private terraces
Lot Size: 650 sq. meters
Parking: 13 dedicated spaces
Equipment: Two generators and 2 water cisterns of 600 gallons each
Location: Prime position in the thriving Santurce business district
Investment Highlights: This versatile commercial property offers a unique opportunity for real estate investors. The existing structure can be utilized as office space, ideally suited for professional services, tech companies, or creative industries. Additionally, the property presents substantial redevelopment potential with the option to convert it into a 7-unit guest house with several private terraces, capitalizing on the growing demand for boutique accommodations in Puerto Rico’s vibrant tourism market. With two terraces (12’ x 14’ and 8’ x 23’), one balcony and the possibility of adding two additional terraces, 5 of the 7 units in a conversion strategy could have private outdoor space.
Strategic Advantages:
Prime Location: Situated in the bustling Santurce area, surrounded by businesses, restaurants, and cultural attractions.
Flexible Use: Can be leased as office space or reimagined as a hospitality venture.
Puerto Rico Act 60 Tax Incentives: Eligible for significant tax benefits, including exemptions and tax credits under the Puerto Rico Act 60 program, designed to encourage investment and economic growth on the island.
Investor Appeal:
With its central location, flexible usage options, and eligibility for Act 60 tax incentives, this property is well-positioned for investors looking to maximize returns, either through long-term leasing or redevelopment into a tourism project.
Contact Us Today for detailed financial projections, additional property information, or to schedule a private tour.
Property Details
Price:
$925,000
MLS #:
PR9109758
Status:
Active
Beds:
0
Baths:
0
Address:
409 SAN JORGE
Type:
Commercial
Subtype:
Mixed Use
Neighborhood:
00912 – San Juan
City:
SAN JUAN
Listed Date:
Nov 11, 2024
State:
PR
Finished Sq Ft:
4,251
Total Sq Ft:
4,251
ZIP:
00912
Lot Size:
4,251 sqft / 0.09 acres (approx)
Year Built:
1900
See this Listing
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- Address409 SAN JORGE SAN JUAN PR
- CitySAN JUAN
- CountySan Juan
- Zip Code00912
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Courtesy of UPSIDE MANAGEMENT, LLC. 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. 409 SAN JORGE
SAN JUAN, PR
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