Old San Juan-Tetuan Commercial-Resi -FOR SALE

Description:
Former Nova Scotia Bank Building consisting of approximately 25,000 square feet within six (6) floors with approved construction plans and permit for fourteen (14) short term rental apartments. The ground level commercial / retail space consists of approximately 5,600 square feet, which may be subdivided from 2,500 square feet.

Location:
251 & 253 Tetuan Street, Old San Juan Sector, San Juan, Puerto Rico

Building area:
Approximately 25,000 square feet

Features:

• Recently completed a demolision project of the interiors, gutting out all the old walls, etc
• Has a full set of approved construction plans for apartments above retail
• Approved construction permit for twelve (12) short term rental apartments plus commercial / retail at ground floor
• Applications submitted for both (a) Federal historic tax credits and (b) PR Tourism tax credits
• Line of sight to the cruise ship terminals, around the corner from Banco Popular, Oriental Bank and FirstBank and one-block from Verde Mesa Organic Restaurant, Cuatro Sombras Coffee Roasters, among others

Property Influence:
Excellent location in historic Old San Juan, across Banco Popular and Oriental Bank buildings and steps away from cruise ship terminals. Close to many commercial, residential, retail, office and hotel components such as casual and fine dining restaurants, government offices, fashion outlet stores, theaters, galleries, museums and hotels. Located near three (3) parking buildings with over 1,500 spaces

SiteCoordinates:
Latitude: 18°27’53.21”N
Longitute: -66° 6’54.22”W

Zoning:
Commercial (C-3)

Area Distribution:
Mezzanine Level:
1 apartment - 3 bedrooms & 2 bathrooms

Second Floor:
1 apartment - 3 bedrooms & 2.5 bathrooms
1 apartment - 3 bedrooms & 2 bathrooms
1 apartment - 2 bedrooms & 2 bathrooms
1 apartment - 1 bedrooms & 1 bathroom

Third Floor:
1 apartment - 3 bedrooms & 2.5 bathrooms
3 apartments - 2 bedrooms & 2 bathrooms
1 apartment - 1 bedrooms & 1 bathroom

Fourth Level:
1 apartment - 3 bedrooms & 2.5 bathrooms
3 apartments - 2 bedrooms & 2 bathrooms

Total: 14 apartments