Loiza Street + Ocean Park Beach

2060 Calle Loiza, San Juan, PR, 00911 USA

GPS: 18.449848, -66.051766 Click here to view Google Maps

Building: 6,167 square feet. Lot Size: 210 square meters

Zoning: C-2 Flood Zone: X CRIM: $5,000 annually

ASKING PRICE: $ 985,000 - Under Deposit

Click here to download plans with measurements .pdf

Are you an investor or business looking to tap into Calle Loiza's growing reputation as the center of San Juan's hip, artistic community that attracts both locals and tourists to its eclectic vibe just a few blocks from the best beach in San Juan?

Bordered by the upscale neighborhoods of Condado, Ocean Park and Santa Teresita - Calle Loiza will become even more attractive as Condado becomes fully built and high-rise development is not allowed within the gated community of Ocean Park or Parque Barbosa.

This is a unique opportunity to invest in Calle Loiza, one of the most famous neighborhoods in San Juan, Puerto Rico and the entire Caribbean.

Location, location, location! At the eastern end of Loiza Street's eclectic mix of restaurants, bars, clubs, boutiques, tattoo parlors, salons, traditional neighborhood shops, cafés, galleries and the famous Kasalta Bakery. The building is a short 5 minute walk to the surf, sand, sun and fun on Ocean Park/Ultimo Trolley Beach - the best beach in San Juan! On the way, you'll pass Barbosa Park with running track, skate boards and ball park.

If you're looking for a great investmente opportunity, this may be the right building for you!

• Directly across from Parroquia Santa Teresita - Catholic School & Church
• Directly across from NEW 24 hour Los Pinos Restaurant - famous for local cuisine!
• Directly across from bus stop T5 to Airport or Old San Juan
• 5 minute walk to Ocean Park Beach / Ultimo Trolley Beach / Parque Barbosa
• This end of Calle Loiza is developing rapidly and has excellent prospects for future appreciation!

STREET LEVEL COMMERCIAL SPACE + 4 Parking Slots

Exposure for your business is fantastic with approximately 30 foot frontage on Calle Loiza. 1,650 square feet. Two bathrooms. 4 parking spaces. This space could be divided into two commercial units.

Five AirBnb Rentals

Successful Airbnb rentals in renovated two bedroom/1 bathroom apartments - each approximately 900 square feet.

The building and AirBnb apartments were featured in an official Discover Puerto Rico video promoting AirBnb, Calle Loiza and Ocean Park Beach to promote tourism on Calle Loiza and show how short term rentals have transformed the area.

Current nightly rates are 20-50% less than similar two-bedroom AirBnb listings on Calle Loiza. Current owners have chosen to price low to test the market, acquire great reviews and maximize occupancy. Now that the property has proven successful - they are ready to increase prices, optimize inventory/seasonal revenue and explore additional distribution channels to increase profits. Successful hostel next door increases visibility and helps attract guests to the area - but does not compete since they do not offer apartments.

If you choose to rent long-term, furnished rentals in the area range from $900 - $1,300 per month plus utilities.

One long-term rental

Apartment 3B has not been renovated yet - but has the same 2 bedroom/1 bathroom layout as the other B-line units. Currently rented long-term for $500/month plus utilities, this apartment is ready to be converted to another Airbnb rental or could be an owner/manager suite. With renovation, you could probably double the rent potential for this unit.`

FANTASTIC VIEW FROM THE ROOF!

The roof is currently undeveloped other than a hang-out for AirBnb guests with seating and view to the park and ocean.

The potential is HUGE! It has a fantastic view of the ocean, park, mountains and urban skyline.
Imagine a chic urban lounge / tiki bar / BBQ / jacuzzi spa which could be shared space for all AirBnb units - acting as an ocean-view extension of each apartment and result in higher Airbnb rates/occupancy for all units.

Imagine a penthouse suite which could be designed for AirBnb PLUS and premium AirBnb rates/occupancy.

Imagine your own duplex 'owners suite' or apartment for the Calle Loiza lifestyle!

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Ground Floor Commercial: 1,664 square feet
(could be divided into two stores)+ 4 parking spaces.

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2nd Floor: Two renovated 2-bedroom/1 bathroom apartments
used as AirBnb short-term rental units
AirBnb Listing: Apartment 2A :: Apartment 2B

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3rd Floor: One renovated 2-bedroom/1 bathroom apartments
used as AirBnb short-term rental units.
One non-renovated 2-bedroom/1 bathroom apartment
rented long-term ($500/month + utilities)
AirBnb Listing: Apartment 3A

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4th Floor: Two renovated 2-bedroom/1 bathroom apartments
used as AirBnb short-term rentals.
AirBnb Listings: Apartment 4A :: Apartment 4B

Apartments are approximately 700 square feet each.
Two apartments with views of ocean (3B + 4B).

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Rooftop: Approx. 1,650 square feet with
ocean + park + mountain views = POTENTIAL!

Walk-up: There is no elevator in the building

ASKING PRICE: $ 985,000

DON'T MISS THIS UNIQUE OPPORTUNITY!