Fmr Restaurant Hato Rey San Juan FOR SALE

Former Mona’s restaurant, now an abandoned parcel, in the highly sought-after Hato Rey district is available for sale or lease. Located in the corner of Guayama Street and Constitución Avenue, this commercial property boasts great visibility and accessibility, sitting in between the island's main financial district and the largest campus of the University of Puerto Rico, Rio Piedras. These attributes paired with access to a large employee and visitor base at nearby Auxilio Mutuo Hospital make this property ideal for a dual-pad and/orout-parcell construction for drive-thru/franchise/convenience stores. Large concrete structure with parking facilities on premises.

Hato Rey is situated in the northern part of San Juan, making it a central and convenient location within the metropolitan area. It is bordered by the neighborhoods of Santurce, Río Piedras, and Cupey. Hato Rey is known as the commercial and financial hub of Puerto Rico.

The neighborhood is home to numerous office buildings, corporate headquarters, banks, and financial institutions. It is a major center for business, commerce, and professional services, attracting a significant number of professionals and entrepreneurs. One of the great benefits that this property has is that it is close to the two biggest malls in all of Puerto Rico; The Mall of San Juan and Plaza Las Americas.

It’s close to the Luis A. Ferré Expressway (PR-52) and the Martín Peña Bridge, which provide easy access to other parts of the island.

Some important businesses around the area include Banco Popular de Puerto Rico, Oriental Bank, Triple-S Management Corporation, MCS Healthcare Holdings, etc.

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:

• Property Tax ID: 063-062-250-12
• Zoning: Central Commercial (C-3)
• Flood: X (Non-floodable area)
• Coordinates: 18.41633640, -66.05572708
• Lot Size: 2,000 SM
• Bldg. Size: 4,000 SF