Commercial Property Along PR-3 Rio Grande

Property Description:

The Property consists of a 1,519.87 square meter site, improved with a one-story structure made of concrete and concrete blocks comprising 6,422 square feet of gross building area. The Property is currently divided into four (4) locales and has approximately 30 parking spaces providing for a parking ratio of 4.67 per 1,000 square feet. Locale one (1) is currently used by Adorno’s Salon; locale two (2) by Enmarcarte Art Store; locale three (3) use is unknown; and locale four (4) by Iglesia Casa de Transformación y Revolución Church.

The Property is in an average physical condition and has frontage to Marginal Street of State Road PR-3 having good commercial exposure and great access capabilities.

Neighborhood Influence:

The immediate neighborhood is characterized by State Road PR-66 and State Road PR-3, the latter being a main artery in the northeast connecting the Municipality of San Juan to the Municipality of Fajardo. The Property’s neighborhood combines a mix of different uses including commercial, residential, light industrial and public/institutional.

State Road PR-3, the Property’s location, is composed by retail stores, gas stations, offices, pharmacies, churches, among other commercial uses. However, the main commercial player in the area is Río Grande Plaza, is the Canóvanas Outlet Mall located about 1 mile west of the Property.

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