Limited-Service Lodging Facility @ Ocean Park

Located within the highly desirable Ocean Park Sector, this beautiful property refers to the Andalucía Guesthouse, an 11- room limited-service lodging facility, having a lobby/reception area, laundry room, and private lounging areas. The property consists of a 3-story structure built in reinforced concrete and concrete blocks, having 5 parking stalls fronting McLeary Street.

The property is specifically located at lot no. 2011 of McLeary Street, steps from popular restaurants and stylish nightlife spots along Loíza Avenue, a short walk from the Condado Tourist Sector, and about 800 lineal feet from Ocean Park beach, very popular amongst locals and known for kitesurfing and beach tennis.

The tourism industry in Puerto Rico has been showing record figures in the past year regarding occupancies and ADRs. This, coupled with the aggressive government tourism incentives and credits, makes this asset an ideal investment opportunity with tremendous upside potential.

Property Video

Highlights:

• Sales Price: $2,200,000
• Coordinates: Lat: 18.4521053, Lon: -66.0536289
• Tax Code #: 041-042-143-08-001
• Land Area: 297.33 Square Meters, equivalent to 3,200.43 square feet
• Zoning: RT-I (Intermediate Tourist Residential)
• Flood Classification: AE
• Gross Building Area: Approx. 3,800 SF
• Construction Materials: Concrete and Concrete Blocks
• No. of Guestrooms: Eleven (11)
• No. of Stories: Three (3)
• Topography: Level, at grade with McLeary Street
• Access: McLeary Street
• Parking: 5 parking stalls fronting McLeary Street to its south