Ocean Park Commercial Property Opportunity

Punta Las Marias 33 & 35 CAOBA San Juan 00913

Claim this Listing
For Sale
$2,100,000

Restaurant - SAN JUAN, PR

Property size:
7,000 SF
Lot size:
0.37 Acres
Price / SF:
$300/SF
Added:
Sep 19, 2025
Days on Market:
297
Last Refresh:
Jul 12 at 2:06 am

Property Features for Punta Las Marias 33 & 35 CAOBA

General Information

Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
041-044-166-10-000
Size
7,000 SF
Lot size
0.37 Acres

Utilities

Cooling system
Central Air

Building Details

Year built
1970
Building materials
Concrete
Architectural style
Other

Listing agent Hilda Pino Gonzalez License #01507

Listing office CENTRO CASAS 3071 ALEJANDRINO AVE, GUAYNABO

Listing date Sep 19, 2025

MLS# PR9116174 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 Ocean Park, San Juan, this commercial property offers a strategic corner location half a block from the beach. The property features a 1,500 square meter lot with 7,000 square feet of construction across two floors. Currently operating as a restaurant, the property includes six bathrooms. It has vast development potential for various ventures, including a boutique hotel, inn, restaurant, offices, or mixed-use retail. The property is zoned CT3. Amenities include a three-phase substation, a 125KV electric generator, and a security system with cameras and alarm. This property presents a great investment opportunity in the heart of Ocean Park, ideal for developing a commercial project with high return potential.

Key Highlights

  • Prime corner location just half a block from the beach in Ocean Park.
  • Vast development potential for boutique hotel, inn, restaurant, offices, or mixed‑use retail thanks to CT3 zoning.
  • Large 1,500 m² lot with 7,000 sq ft of construction on 2 floors.

Local Financial Insights For Specialty Retail

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 $168.0k $24.00
− Vacancy −$8.1k −$1.15
EGI $159.9k $22.85
− OpEx −$40.0k −$5.71
NOI $120.0k $17.14
7,000 SF · lease $24.00/SF/yr · vacancy 4.80% · expense 25.00%

Alternative Uses

Best Use
Specialty Retail
$1.71M
$1.50M – $2.00M (±1% cap)
NOI $119,952 @ 7.0% cap · market cap 5.71%
Second Best
Retail
$1.60M
$1.40M – $1.87M (±1% cap)
NOI $111,955 @ 7.0% cap · market cap 5.33%
Theoretical Best
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Hotels

FAQs

What type of property is this?
Restaurant - Prime corner property in San Juan, ideal for various ventures.
Where is this restaurant located?
The property is located at Punta Las Marias 33 & 35 CAOBA San Juan.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Prime corner location just half a block from the beach in Ocean Park.; Vast development potential for boutique hotel, inn, restaurant, offices, or mixed‑use retail thanks to CT3 zoning.; Large 1,500 m² lot with 7,000 sq ft of construction on 2 floors.
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More about this property
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