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$975,000
Est. payment /mo
10,288 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 10,288 sqft
Price per Sqft $94
MLS Listing ID PR9119730
HOA Y/N No
Year Built 1970
Property Sub-Type Mixed Use
Source Stellar MLS
Property Description
Commercial Investment Opportunity – Three-Building in Downtown Arecibo
Located in the historic Downtown Arecibo, three commercial buildings located at José de Diego Avenue, one of the main commercial corridor in the area. A unique opportunity for investors, developers or owner seeking income producing assets with redevelopment potential.
Sale Price: $975,000 – Sold As-Is
Addresses: #179, #181, and #183 José de Diego Avenue, Arecibo, Puerto Rico
Property Overview
Total Buildings: Three (3) commercial buildings
Total Building Area: Approx. 19,112 sq. ft.
Zoning: Commercial (C-1 and C-2)
Flood Zone: Zone X (Non-Flood Area)
Annual CRIM Property Taxes: $12,420 (for all three properties)
Building #1 – Development Opportunity
179 José de Diego Avenue
Structure: 3 levels
Building Area: 8,824 sq. ft.
Lot Size: 542.18 m²
Zoning: Commercial C-2
Flood Zone: Zone X
Property Notes:
Currently vacant
Requires renovation and rehabilitation
This building presents significant development potential for commercial, office, mixed-use or residential conversion.
Buildings #2 & #3 – Income-Producing Asset
181–183 José de Diego Avenue
Two adjacent commercial buildings currently leased, providing stable rental income.
Structure: 3 levels
Total Building Area: 10,288 sq. ft.
Lot Size: 542.18 m²
Zoning: Commercial C-1
Elevator: Yes
Roof: Recently treated (2024)
Additional Features:
Water cistern
Electrical substation located on the rooftop
Leasable Area: Approx. 8,200 sq. ft.
Investment Highlights
? Prime location in Historic Downtown Arecibo
? Elevator and recently treated roof in the income-producing property
? Non-flood zone (Zone X)
Located in the historic Downtown Arecibo, three commercial buildings located at José de Diego Avenue, one of the main commercial corridor in the area. A unique opportunity for investors, developers or owner seeking income producing assets with redevelopment potential.
Sale Price: $975,000 – Sold As-Is
Addresses: #179, #181, and #183 José de Diego Avenue, Arecibo, Puerto Rico
Property Overview
Total Buildings: Three (3) commercial buildings
Total Building Area: Approx. 19,112 sq. ft.
Zoning: Commercial (C-1 and C-2)
Flood Zone: Zone X (Non-Flood Area)
Annual CRIM Property Taxes: $12,420 (for all three properties)
Building #1 – Development Opportunity
179 José de Diego Avenue
Structure: 3 levels
Building Area: 8,824 sq. ft.
Lot Size: 542.18 m²
Zoning: Commercial C-2
Flood Zone: Zone X
Property Notes:
Currently vacant
Requires renovation and rehabilitation
This building presents significant development potential for commercial, office, mixed-use or residential conversion.
Buildings #2 & #3 – Income-Producing Asset
181–183 José de Diego Avenue
Two adjacent commercial buildings currently leased, providing stable rental income.
Structure: 3 levels
Total Building Area: 10,288 sq. ft.
Lot Size: 542.18 m²
Zoning: Commercial C-1
Elevator: Yes
Roof: Recently treated (2024)
Additional Features:
Water cistern
Electrical substation located on the rooftop
Leasable Area: Approx. 8,200 sq. ft.
Investment Highlights
? Prime location in Historic Downtown Arecibo
? Elevator and recently treated roof in the income-producing property
? Non-flood zone (Zone X)
Location
State PR
County Arecibo
Area 00612 - Arecibo
Interior
Cooling Central Air, None, Other
Building
Foundation Concrete Perimeter
Lot Size Range 0 to less than 1/4
Structure Type Concrete
New Construction false
Others
Ownership Corporation
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/PR9119730
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Listed by Charlene Mercado Millan IRW CONCIERGE SERVICES LLC
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