Isla Verde Multi-Unit Investment Opportunity

Proposed guesthouse comprising approximately 6,714 square feet, and located at the intersection of Girona Street and Gardenia Street in Biascochea Development within the Carolina Municipality. The subject site is improved with an old residential structure comprised of 6,714 square feet made of concrete block walls and concrete roof, aluminum/glass windows and doors. Additional improvements include paved areas, concrete fence and iron works.

Proposed plan contains 9 rooms and a space for a cafe. Repurposing the cafe space could allow for up to 11 rooms.

Isla Verde is a district of Carolina located east of Santurce, about one mile north of the Luis Muñoz Marín International Airport and about five miles east of the San Juan Harbor, a major center of commercial and industrial distribution for the island of Puerto Rico. Access to the neighborhood can be reached by way of Isla Verde Avenue, a heavily commercialized artery due to its concentration of a large group of hotels, casinos and restaurants.

Isla Verde is considered to be the best tourist strip in Puerto Rico, within five minutes from El Condado, ten from Old San Juan and forty minutes from El Yunque Rain Forest. These tourist zones offer a variety of condominium apartments offering varying amounts of amenities from economy accommodations to luxury accommodations. Isla Verde is home to some of the finest hotels in Puerto Rico including the World famous El San Juan Hotel and Casino, Royal Sonesta and Casino, the Condado Plaza Hotel and Casino, the Marriot Hotel and Casino, and the many restaurants and shops in the area. This district is comprised of luxury high rise residential apartments, guest houses, restaurants, night clubs, and private mansions, along with the beautiful long and expansive wide beach, make Isla Verde the most popular place to stay.

Nearby vacant lot that can be used as parking lot: https://christiansencommercial.com/property-listings/?propertyId=893926-sale

Nearby vacant lot that can be used as a parking lot: https://totalcommercial.com/listings/69241

Seller Financing: Subject to negotiation