Renovated Restaurant Building For
2475 LOÍZA STREET, San Juan 00913
Restaurant - SAN JUAN, PR
Property size:
7,467 SFLot size:
0.17 AcresPrice / SF:
$294/SF- Added:
- Nov 12, 2025
- Days on Market:
- 196
- Last Refresh:
- May 27 at 10:06 pm
Property Features for 2475 LOÍZA STREET
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- CT-1
- Standard status
- Active
- APN
- 041-054-176-04-001
- Size
- 7,467 SF
- Lot size
- 0.17 Acres
Utilities
- Cooling system
- Central Air, Ductless, Humidity Control, Multi Units
Building Details
- Year built
- 1970
- Flooring type
- Tile, Tile - Ceramic
- Building materials
- Block, Cement Siding, Concrete
- Roof type
- Concrete
- Architectural style
- Other
Listing agent Efrain Gonzalez Carrion License #7912 (787) 717-3885
Listing office PUERTORICOYOURHOME.COM Executive Building Suite 605-B, San Juan (787) 717-3885
Listing date Nov 12, 2025
MLS# PR9116974
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.
HighLights
- Long‑term (20‑year) NNN lease in place with established tenant (The Little Gringo, LLC) generating $18,000/month ($216,000 annually).
- Prime location on Loíza Street in Punta Las Marías, a high‑traffic tourist corridor.
- Recently renovated 7,467 sq. ft. Class B restaurant building with modern finishes and high ceilings.
- CT‑1 “Comercial Turístico” zoning allows for multiple hospitality uses.
- Dedicated on‑site parking for approximately 20 vehicles.
- Solid investment with 6.5% - 7% cap rate potential and future appreciation.
Overview
Located in Punta Las Marías, San Juan, this commercial property features a renovated, one-story Class B restaurant building. The property is situated on Loíza Street, a high-traffic corridor, and is near Isla Verde, Ocean Park, and the beach. The building has 7,467 square feet of space with modern finishes, high ceilings, and glass façades. It includes on-site parking for approximately 20 vehicles, including handicap spaces. The property is zoned CT-1 "Comercial Turístico," which allows for multiple hospitality uses. The property is currently occupied by The Little Gringo, LLC, operating under a 20-year NNN lease at $18,000 per month. The lot size is 1,429.08 square meters (0.36 cuerdas). The location provides high visibility and steady traffic from both locals and tourists. The property presents an investment opportunity with potential for future appreciation.
Financial Insights
Value Estimation Calculated for Specialty Retail
Conservative
$1.42M
NOI $127,955 @ 9.00% cap · cautious / downside scenario
Moderate
$1.83M
NOI $127,955 @ 7.00% cap · market / base-case scenario
Aggressive
$2.56M
NOI $127,955 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Specialty Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $179.2k | $24.00 |
| − Vacancy | −$8.6k | −$1.15 |
| EGI | $170.6k | $22.85 |
| − OpEx | −$42.7k | −$5.71 |
| NOI | $128.0k | $17.14 |
7,467 SF · lease $24.00/SF/yr · vacancy 4.80% · expense 25.00%
Alternative Use Scenarios
Best Use
Specialty Retail
$1.83M
$1.60M – $2.13M
NOI $127,955 @ 7.0% cap · market cap 5.82%
Second Best
Retail
$1.71M
$1.49M – $1.99M
NOI $119,424 @ 7.0% cap · market cap 5.43%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Restaurants
Map
- City
- San Juan
- County
- San Juan
- State
- Longitude
- -66.03797357
- Latitude
- 18.45011023
Nearby Similar for Sale
FAQs
What type of property is this?
Restaurant - 7,467 sq ft restaurant with 20-year lease in San Juan.
Where is this restaurant located?
The property is located at 2475 LOÍZA STREET San Juan.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Long‑term (20‑year) NNN lease in place with established tenant (The Little Gringo, LLC) generating $18,000/month ($216,000 annually).; Prime location on Loíza Street in Punta Las Marías, a high‑traffic tourist corridor.; Recently renovated 7,467 sq. ft. Class B restaurant building with modern finishes and high ceilings.
