3.5 Cuerdas for Commercial Redevelopment

Property Description
These two contiguous properties are and ideal redevelopment site, consisting of two land parcels amounting to a total area of: 13,756 Square Meters (3.5 Cuerdas). The larger parcel of 11,791 Square Meters (2.9 Cuerdas) is zoned as C-I Commercial Intermediate, while the smaller parcel of 1,965 Square Meters (0.49 Cuerdas) is zoned as R-I Residential Intermediate making the perfect combination for a mixed use commercial and residential development.

Location Description
This neighborhood is mostly composed of commercial and residential properties and it's also within a short drive to the airport, the main tourist attractions of the area, as well as shopping centers, medical facilities, and gas stations. In addition other commercial properties can be observed, including professional offices, bakeries, restaurants, supermarkets, houses of worship, public and private schools, among others.

Highlights

• SELLER FINANCING IS AVAILABE FOR THIS PROPERTY (SUBJECT TO NEGOTIATION)
• Total Site Area: 13,756 Square Meters (3.4 Cuerdas)
• Commercial Parcel C-I: 11,791 Square Meters (2.9 Cuerdas)
• Residential Parcell R-I: 1,965 Square Meters (0.49 Cuerdas)
• Property Tax Id #: 023-066-167-25 & 023-066-167-38
• Zoning: C-I (Intermediate Commercial) & R-I (Intermediate Residential)
• Coordinates: Latitude: 18.44754N / Longitude: -67.15268W
• The location of this property is appropriate for a Commercial Redevelopment because of its direct connections to Road 2, Road 107 leading to Aguadilla Internation Airport and Road 111 leading to the Aguadilla Town Core.
• The properties are adjacent to one of Aguadilla's historic/high-end residential development. Thus, a potential redevelopment into segregated lots is attractive and in high demand.
• The property originally had approximately 26,013 square feet of construction, consisting of one and two-story buildings which together comprise what was known as the El Pedregal Hotel. This included 32 hotel rooms, front desk and lobby areas, a restaurant building, a meetings and activities building, game room, office, and laundry areas, among others. Part of these structures are in vandalized state.