Guayama Town Core Commercial Bldg FOR SALE

Corner lot, three-story commercial building in the center of Guayama town core. The open-concept ground floor commercial space used to be the home of a department store for women. With large windows on both the East and South facing walls, the space enjoys plenty of natural light and exposure for passersbys. Although there is no parking on the premises, there is plenty of parking in the town core as well as along the many neighborhood streets nearby.

The second and third floors are accessed through a private stairwell, which brings you to a space that was most recently used as a technical school. Currently divided into what appears to be office spaces and classrooms, these floors would most easily be repurposed for an office user. However, with a little work, this would be a great residential conversion, short-term rental, or guesthouse complete with 8 scenic balconies.

Listed as a historical property, you can find the original Spanish-style tilework intact throughout the space as well as ornately carved hardwood doors. From the balconies, one can enjoy views of the picturesque park, mountains to the North, and ocean views to the South.

Guayama is situated on the southern coast of Puerto Rico, approximately 70 kilometers (43 miles) southeast of San Juan, the capital city. The town square Plaza de Recreo Braulio Dueño Colón is the central square of Guayama, known as one of the most beautiful plazas in Puerto Rico. It is a gathering place for locals and visitors alike, featuring a central fountain, statues, and shaded areas where people can relax and enjoy the vibrant atmosphere.

This is a property that can be used residentially in the upper floor, and commercially on the lower floor.

Some important companies around the area include Bristol-Myers Squibb, AES Puerto Rico LP, Polymer Group Inc., Caribe General Electric Company, etc. This property is also close to important streets like Luis Muñoz Marin Street and Jose de Diego Avenue.

Seller Financing:

50% financing for 5 years with interest rate as follows : (Subject to Change)

Year 1 at 4%

2 at 5%

3 at 5.5%

4 at 6%

5 at 6.5%

No pre-payment penalty

No origination fees

Highlights:

• Building area: Consists of approximately 9,000 SQ FT
• Property tax id: 420-042-102-07-001
• Zoning: C-1 (LOCAL BUSINESS)
• Flood: X (Non-floodable area)
• Coordinates: 17.984800, -66.114010
• Surrounded by many local establishments including clothing stores, restaurants, schools, banks, churches, municipal offices and more.
• The town square hosts many festivals, celebrations and kiosks throughout the year, drawing crowds from the surrounding area.

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