Ocean Park Commercial Property
Punta Las Marias 33 & 35 CAOBA, San Juan 00913
Restaurant - SAN JUAN, PR
Property size:
7,000 SFLot size:
0.37 AcresPrice / SF:
$300/SF- Added:
- Sep 19, 2025
- Days on Market:
- 251
- Last Refresh:
- May 27 at 10:06 pm
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 (787) 287-0100
Listing office CENTRO CASAS 3071 ALEJANDRINO AVE, GUAYNABO (787) 287-0100
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.
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.
- Currently operating as a restaurant, providing immediate income.
- Equipped with a three‑phase substation and a 125KV electric generator.
- Security cameras and alarm system installed.
Overview
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.
Financial Insights
Value Estimation Calculated for Specialty Retail
Conservative
$1.33M
NOI $119,952 @ 9.00% cap · cautious / downside scenario
Moderate
$1.71M
NOI $119,952 @ 7.00% cap · market / base-case scenario
Aggressive
$2.40M
NOI $119,952 @ 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 | $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 Use Scenarios
Best Use
Specialty Retail
$1.71M
$1.50M – $2.00M
NOI $119,952 @ 7.0% cap · market cap 5.71%
Second Best
Retail
$1.60M
$1.40M – $1.87M
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.
Location Intelligence
Current Use by Public Records
Hotels
Map
- City
- San Juan
- County
- San Juan
- State
- Longitude
- -66.04040724
- Latitude
- 18.45215854
Nearby Similar for Sale
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.
