1960 BORIQUEN San Juan 00915
Multi-Family 5+ - SAN JUAN, PR
Property size:
18,000 SFLot size:
0.15 AcresPrice / SF:
$33/SF- Added:
- Mar 27, 2024
- Days on Market:
- 767
- Last Refresh:
- May 2 at 6:06 am
Property Features for 1960 BORIQUEN
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- SU
- Bedrooms
- 37
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Interior features
- High Ceilings, Living Room/Dining Room Combo, Open Floorplan
- Exterior features
- Balcony, Sidewalk
- Standard status
- Active
- APN
- 041-091-500-05-001
- Size
- 18,000 SF
- Lot size
- 0.15 Acres
Building Details
- Year built
- 1960
- Number of units
- 14
- Flooring type
- Tile, Tile - Ceramic
- Building materials
- Concrete
- Architectural style
- Other
Listing agent Michael McCarty License #11386 (787) 398-3174
Listing office MICHAEL MCCARTY 5870 Tartak St Box 24103, Carolina (787) 398-3174
Listing date Mar 27, 2024
MLS# PR9105466
Listing URL
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Overview
Santurce Multi-Family Investment Opportunity
Located in the Sagrado Corazon area of Santurce, San Juan, Puerto Rico, this property is an 18,000 square foot building situated on a 0.15-acre lot. The building features three floors, each approximately 6000 square feet. The first floor currently houses two operating businesses: a convenience store, restaurant, and bar with two bathrooms, and a separate restaurant with one bathroom. These businesses occupy about 30% of the first floor, leaving significant potential for additional commercial ventures. The second floor contains six apartments, including four 4-bedroom, 1-bath units, one 3-bedroom, 1-bath unit, and one 1-bedroom, 1-bath unit. The third floor has five apartments, consisting of three 4-bedroom, 1-bath units and two 3-bedroom, 1-bath units. The apartments on the second and third floors require repair and remodeling. These upper floors could be renovated for Plan 8 housing, long-term rentals, or short-term rentals, or completely converted to alternative uses. The property is located in an up-and-coming area with improvements, investments, and foot traffic. Potential business uses include restaurants, bars, nightclubs, virtual reality arcades, laser tag facilities, beauty salons, doctor's offices, real estate offices, dance studios, karate studios, storage rentals, and various retail options. The property may qualify for tax credits for tourism or long-term housing development under Act 128. The zoning is SU.
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Map
- City
- San Juan
- County
- San Juan
- State
- Longitude
- -66.1061
- Latitude
- 18.4683
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 18,000 sq ft building with diverse potential in San Juan.
Where is this apartment building located?
The property is located at 1960 BORIQUEN San Juan.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Seller financing available, making the investment more accessible.; Located in the up‑and‑coming Sagrado Corazon area of Santurce, San Juan, Puerto Rico, with ongoing improvements and high foot traffic.; Significant income potential from existing tenants with room for expansion.
