$445,000
$525,000
15.2%For more information regarding the value of a property, please contact us for a free consultation.
4,704 SqFt
SOLD DATE : 08/22/2024
Key Details
Sold Price $445,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,704 sqft
Price per Sqft $94
Subdivision Villa Palmeras
MLS Listing ID PR9105947
Sold Date 08/22/24
HOA Y/N No
Originating Board Stellar MLS
Year Built 1990
Lot Size 2,613 Sqft
Acres 0.06
Property Sub-Type Multi-Family
Property Description
One or more photo(s) has been virtually staged. SANTURCE! Urban Investment Opportunity in Prime Mixed-Use Building
LOCATION, VERSATILITY & SERIOUS COOL FACTOR.
Introducing a newly renovated corner building, strategically situated in the up-and-coming Villa Palmeras neighborhood of Santurce. If you're seeking a savvy investment opportunity with an urban edge, look no further – this is it.
Elevated atop one of Villa Palmeras' highest points, the building offers views of North Santurce and the Atlantic Ocean. Its location along Eduardo Conde Avenue places it within the dynamic ZU-G2 mixed-use zoning area, rendering it an ideal canvas for various ventures. From hip hostels to long term residential rentals, the possibilities are as diverse as the community it serves. Its proximity to Universidad del Sagrado Corazon, easy access to LMM International Airport and some of San Juan's Best Beaches underscore its strategic value and contribute to its allure as a potential hospitality hub.
The property itself boasts a two-story structure with an inviting rooftop space, primed for imaginative use. Whether envisioning a tranquil retreat upstairs complemented by a lively café and bar below, or exploring alternative commercial ventures, the layout accommodates diverse business models. Furthermore, its adjacency to the Villa Palmeras Cemetery, steeped in the rich history of the local salsa legends who rest here, lends a unique cultural resonance… infusing the locale with a distinct identity and charm.
In summary, for discerning investors seeking a centrally located investment property with a touch of urban flair and plenty of potential, this is your golden opportunity. Explore the possibilities and secure your foothold in Santurce's evolving landscape.
Breakdown:
1st Level:
Commercial 1 4 half-bath 1,410 sq.ft.
Commercial 2 2 half-bath 482 sq.ft.
2nd Level:
Unit 1 1 bed – 1 bath 540 sq.ft.
Unit 2 2 bed – 1 bath 546 sq.ft.
Unit 3 2 bed – 1 bath 438 sq.ft.
Unit 4 2 bed – 1 bath 375 sq.ft.
Unit 5 2 bed – 1 bath 481 sq.ft.
Unit 6 2 bed – 1 bath 432 sq.ft.
3rd Level Open Rooftop 1,855 sq.ft
Location
State PR
County San Juan
Community Villa Palmeras
Zoning ZU-G2
Interior
Interior Features Other
Heating None
Cooling None
Fireplace false
Laundry None
Exterior
Exterior Feature Storage
Utilities Available Other
View Y/N 1
Roof Type Cement
Garage false
Private Pool No
Building
Entry Level Two
Foundation Concrete Perimeter
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Concrete
New Construction false
Others
Ownership Fee Simple
Special Listing Condition None
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Bought with KELLER WILLIAMS GRAND HOMES
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