High Visibility Building @ Baldorioty Expressway - FOR SALE

Investment Overview

This is a 3-story commercial building consisting of approximately 12,000 square feet, a rooftop with excellent views of Ocean Park, and high-traffic visibility off Baldorioty Expressway connecting the International Airport with Condado and Old San Juan. This property is centrally located in the periphery of the Ocean Park tourism district, perfectly positioned with direct access to Baldorioty Expressway marginal road and Canta Gallo street to easily access Santurce, Isla Verde, Punta las Marias, Ocean Park, Loiza Street, Condado, Miramar, and Old San Juan, among many other areas of interest. Whether reactivating as an office building or converting to a residential condominium building, hotel, multi-family, or mixed-use development, among others, the future owner of this asset will have strong upside potential due to the strategic location, strong demographics, and existing improvements including a solid building structure. Another potential use with strong demand in the immediate vicinity is to reposition as short-term rental and/or market rate residential given its proximity to Ocean Park Beach, airport, supermarkets, drug stores, hospitals, hotels, restaurants & bars, among many other amenities readily available within the immediate vicinity. There is a Pep Boys mechanic, houses, and apartments within walking distance. Within close driving distance, you’ll find the famous Loiza Street, a Supermax Supermarket, Academia San Jorge, Saint John’s and Robinson Schools, Luis Muñoz Marin International Airport, hotels, and hospitals.

Investment Highlights

• Building Area: Approximately 12,000 square feet
• Site Area: 214 square meters
• Zoning: ZU-R1
• Flood: X (Non-floodable area)
• Property Tax Id: 041-061-276-16
• Water: Yes
• Sewer: Yes
• Condition: Shell
• Visibility: Excellent from Expressway
• H&BU: Residential conversion
• Excellent location on Baldorioty De Castro Expressway, close to many commercial, residential, retail, office and hotel components such as restaurants, cafes, cafeterias, supermarket, gas service stations, various bank branches, hospital, Federal & State government offices, schools, residential neighborhoods & condominiums, and other related services.
• Seller Financing: Subject to negotiation