UPDATED:
Key Details
Property Type Other Types
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 18,000 sqft
Price per Sqft $33
Subdivision Santurce
MLS Listing ID PR9105466
Bedrooms 37
Construction Status Fixer
HOA Y/N No
Year Built 1960
Lot Size 6,534 Sqft
Acres 0.15
Property Sub-Type Multi Family
Source Stellar MLS
Property Description
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.
Location
State PR
County San Juan
Community Santurce
Area 00915 - San Juan
Zoning SU
Interior
Interior Features High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Other
Heating None
Cooling None
Flooring Ceramic Tile
Fireplace false
Laundry None
Exterior
Exterior Feature Balcony, Other, Sidewalk
Community Features Street Lights
Utilities Available Electricity Connected, Fire Hydrant, Public, Sewer Connected, Water Connected
View City
Roof Type Cement
Garage false
Private Pool No
Building
Lot Description City Limits, Near Public Transit, Sidewalk
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Concrete
New Construction false
Construction Status Fixer
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Owner Financing
Listing Terms Owner Financing
Special Listing Condition None
Virtual Tour https://my.matterport.com/show/?m=nXYR4bNSQb6
Learn More About LPT Realty