Virtual Tour

$599,900

For Sale

2 years ago

1960 Calle Boriquen, Bayamon, PR

House

MLS® PR9105466

37 Bed

10 Bath

18000 sqft

Key Facts
Description
Map

Key Facts

Type Multi Family

Levels Residential Income

Size 18000 sqft

Garage

Taxes

Days Active 651

Lot Size

Approx. Age 1960

Avg. Price Per Sqft $33

MLS® Number PR9105466

Property Address: 1960 Calle Boriquen, Bayamon, PR, 00956

Average square foot calculated using Size range provided by listing agent.

Description

This property is an 18, 000 square foot building in the Sagrado Corazon area of Santurce, San Juan, Puerto Rico. The Sagrado Corazon area of Santurce is an up and coming area with lots of improvements, investments, and foot traffic in the area. The property consists of 3 floors, each with approximately 6000 square feet. There are currently 2 operating businesses as tenants on the first floor. One business is a convenience store, restaurant, bar with 2 bathrooms. The other business is a restaurant with 1 bathroom. These businesses occupy approximately 30% of the first floor so there is much more potential for more businesses on the first floor alone. The second and third floors are currently set up as apartments that do need repair and remodel work. The second floor has 6 apartments total, four 4 bedroom 1 bath apartments, one 3 bedroom 1 bath apartment, and one 1 bedroom 1 bath apartment. The third floor has 5 apartments, three 4 bedroom 1 bath apartments and two 3 bedroom 1 bath apartments. The second and third floors can be repaired to be Plan 8 housing, long term rentals, short term rentals. Or, can be completely converted to different uses. The property is a great investment opportunity in an up and coming area. Potential businesses include, but are not limited to, Restaurants, Bars, Nightclubs, Virtual Reality, Laser Tag, Beauty Salons, Doctor's offices, Real Estate offices, Dance Studios, Karate Studios, Short Term rentals, Long Term rentals, Plan 8 housing, Storage Rentals, plus many, many more potential businesses. The opportunities for this property are endless with a lot of space to make your dreams come true. The property can house pretty much any business one can think of. A Buyer could also obtain tax credits for tourism development or long term housing development via Act 128. In addition, Sellers are willing to SELLER FINANCE which makes this even more of an attractive opportunity.

MLS® NumberPR9105466

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1960

Basement

Driveway

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jul 15, 2024List Date

$599,900List Price

Commute

Commute

Starting Address

Destination Address

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