Mixed-Use Building with 8
For Sale
$380,000
Arecibo, PR 00612, Arecibo, PR 00612
Building, Arecibo, PR
Property Size6,480 SF
Lot Size0.01 Acres
Price / SF$58.64
Days on Market17
Property Features
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CI
Exterior features
View - Street
Subdivision
Villa Los Santos (Urbanizacion)
Standard status
Active
Lot size
0.01 Acres
Building Details
Year built
1985
Listing Agency:
MLC Realty
(787) 898-4894
Listed By:
Manuel Lopez
(787) 452-2828
Added: Aug 11
Changed: Aug 27
Last Checked: Aug 27 at 10:06PM
MLS# 66216
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Investment Insights
Based on property information with market context.
Constructed in 1985, this mixed-use building contains approximately 6,480 square feet of improvements arranged across 4 commercial spaces and 4 residential apartments. Six of the 8 units are currently rented, while 2 units remain available. The property is zoned CI and includes 1 water meter alongside 6 LUMA electric meters serving the building’s separate units.
The property is in Villa Los Santos Urbanization in Arecibo, next to the University of Puerto Rico at Arecibo (CUTA) and across from the Medical Tower on Highway 653. Street views are included among the exterior features. The current occupancy and available units support a property profile combining established rental activity with additional leasing capacity. An approximate 10% cap rate is reported.
The property is in Villa Los Santos Urbanization in Arecibo, next to the University of Puerto Rico at Arecibo (CUTA) and across from the Medical Tower on Highway 653. Street views are included among the exterior features. The current occupancy and available units support a property profile combining established rental activity with additional leasing capacity. An approximate 10% cap rate is reported.
Key Highlights
- Approximately 6,480 square feet of construction
- 4 commercial spaces and 4 residential apartments
- 6 of the 8 units are currently rented; 2 remain available
Property Analytics
Current Use
Lease Details
4
Residential units
75%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Demographics for 00612, PR
62,425
Population
30,340
Households
2.1
Avg Household Size
46
Median Age
29%
College-Educated
83%
High-School Grad
76.1 sq mi
ZIP Area
820
Density / Sq Mi
$23,831
Median Household Income
$20,243
Median Earnings
$503
Median Rent
$112,300
Median Home Value
Market
Vacancy Rate% for Multifamily in the U.S.
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Four commercial spaces and four apartments provide a combined business and residential configuration.
Where is this mixed-use property located?
The property is located at Arecibo, PR.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Approximately 6,480 square feet of construction; 4 commercial spaces and 4 residential apartments; 6 of the 8 units are currently rented; 2 remain available
