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Hato Rey Mixed-Use Investment

241 ELEANOR ROOSEVELT AVENUE San Juan 00919

Claim this Listing
For Sale
$695,000

Business - SAN JUAN, PR

Type:Business
Property size:
6,804 SF
Price / SF:
$102/SF
Added:
Oct 13, 2025
Days on Market:
273
Last Refresh:
Jul 12 at 3:06 am

Property Features for 241 ELEANOR ROOSEVELT AVENUE

General Information

Property type
Commercial Sale
Property subtype
Business
Zoning
C1
Standard status
Active
APN
063-041-135-35-001
Size
6,804 SF

Utilities

Cooling system
Central Air

Building Details

Year built
1940
Number of units
2
Building materials
Concrete
Roof type
Concrete
Architectural style
Other

Listing agent Javi Rodriguez License #16784

Listing office MICORREDOR.COM Cascada M-23, San Juan

Listing date Oct 13, 2025

MLS# PR9116683 Listing URL

Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

Located in Hato Rey, this three-story concrete building offers a commercial investment opportunity. Situated on a corner lot, the property features road frontage on Eleanor Roosevelt Avenue. The building has 6,804 square feet of gross building area and is divided into two units. The first and second floors are configured as retail and warehouse space, while the third floor is designed for office use. The property is zoned C-1, providing versatility for various commercial ventures. The building includes central air conditioning and one on-site parking space. This property is positioned in a high-traffic area in a central San Juan location, suitable for an owner-user or investor.

Key Highlights

  • Prime commercial investment opportunity in the heart of Hato Rey.
  • High‑traffic corner lot location on Eleanor Roosevelt Avenue.
  • Versatile C‑1 zoning allows for various commercial ventures.

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $61.2k $9.00
− Vacancy −$2.0k −$0.30
EGI $59.2k $8.70
− OpEx −$8.9k −$1.31
NOI $50.3k $7.40
6,804 SF · lease $9.00/SF/yr · vacancy 3.30% · expense 15.00%

Alternative Uses

Best Use
Retail
$1.55M
$1.36M – $1.81M (±1% cap)
NOI $108,820 @ 7.0% cap · market cap 15.66%
Second Best
Mixed Use
$1.39M
$1.21M – $1.62M (±1% cap)
NOI $97,161 @ 7.0% cap · market cap 13.98%
Theoretical Best
Specialty Retail
$1.67M
$1.46M – $1.94M (±1% cap)
NOI $116,593 @ 7.0% cap · market cap 16.78%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Retail space

FAQs

What type of property is this?
Mixed-use property - Three-story commercial building in central San Juan location.
Where is this mixed-use property located?
The property is located at 241 ELEANOR ROOSEVELT AVENUE San Juan.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Prime commercial investment opportunity in the heart of Hato Rey.; High‑traffic corner lot location on Eleanor Roosevelt Avenue.; Versatile C‑1 zoning allows for various commercial ventures.
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