3.5 Cuerdas for Commercial Redevelopment - El Pedregal

Investment Overview

These two contiguous properties are and ideal redevelopment site, consisting of two land parcels amounting to a total area of: 13,756 Square Meters (3.5 Cuerdas). The larger parcel of 11,791 Square Meters (2.9 Cuerdas) is zoned as C-I Commercial Intermediate, while the smaller parcel of 1,965 Square Meters (0.49 Cuerdas) is zoned as R-I Residential Intermediate making the perfect combination for a mixed use commercial and residential development.

Investment Highlights

• SELLER FINANCING IS AVAILABE FOR THIS PROPERTY (SUBJECT TO NEGOTIATION)
• Total Site Area: 13,756 Square Meters (3.4 Cuerdas)
• Commercial Parcel C-I: 11,791 Square Meters (2.9 Cuerdas)
• Residential Parcell R-I: 1,965 Square Meters (0.49 Cuerdas)
• Property Tax Id #: 023-066-167-25 & 023-066-167-38
• Zoning: C-I (Intermediate Commercial) & R-I (Intermediate Residential)
• Coordinates: Latitude: 18.44754N / Longitude: -67.15268W
• The location of this property is appropriate for a Commercial Redevelopment because of its direct connections to Road 2, Road 107 leading to Aguadilla Internation Airport and Road 111 leading to the Aguadilla Town Core.
• The properties are adjacent to one of Aguadilla's historic/high-end residential development. Thus, a potential redevelopment into segregated lots is attractive and in high demand.
• The property originally had approximately 26,013 square feet of construction, consisting of one and two-story buildings which together comprise what was known as the El Pedregal Hotel. This included 32 hotel rooms, front desk and lobby areas, a restaurant building, a meetings and activities building, game room, office, and laundry areas, among others. Part of these structures are in vandalized state.