Excellent Retail-Office Property with Upside
No. 415, Ing. Manuel V. Domenech Avenue, Reparto Parque Central Development, Hato Rey Sur Ward, San Juan, 00918
Sold: $789,000
Property Details
Property Type
Improved property
Building Type
Freestanding
Building Size
12,771 sqft
Land Size
718 sqm
Sewer
AAA
Water
AAA
Zoning
C-L
Electric
AEE
Roof
Reinforced Concrete
Parking
17
Construction
Reinforced Concrete
Property Description
Located steps from the off- and on-ramps to the Las Americas Expressway along Domenech Avenue, this property enjoys an excellent commercial traffic exposure within the Hato Rey Ward of San Juan. The owner of this property will benefit from a steady cash flow stream from the fully leased ground level, and from strong upside potential with the lease-up of the second level. Don't miss this excellent opportunity!
- Site Area: 718.20 Sq. Mts. or 7,731 SF
- Gross Building Area: 12,771 SF
- Rentable Area: 10,502 SF
- Efficiency Ratio: 82.2%
- # of Stories: 2
- Parking Spaces: 17
- Zoning: C-L (Light Commercial)
- Flood Zone: X (Minimum Flood Risk)
- Tax Code #: 062-079-617-02
- Annual Property Tax Expense: $6,969.96
- Occupancy: 55.5% (5,829 SF Occ. out of 10,502 SF)
- Net Operating Income: $51,500 (includes minor estimates)
- 2nd Level: In Shell State (requires improvements)
- Asking Price: $1,000,000 or best offer