8-Story Open Layout Building in Old San Juan

Located right across the street from the famous Old San Juan Banco Popular Building, and less than 400 lineal feet from the Old San Juan waterfront, which is home to the cruise ships pier receiving over 1.6 million passengers per year, this beautiful building provides endless possibilities for real estate investors looking to maximize value. Formerly the Chase Manhattan Bank corporate headquarters, the property provides an excellent large open layout configuration in each level. Whether converting to a residential condominium building, a hotel, a rental office building, or a mixed-use development, the future owner of this magnificent historic property within the highly coveted and desirable Old San Juan Sector will make the most out of this lucrative investment opportunity.

Don't miss this excellent opportunity of owning a great re-development asset in this highly desirable neighborhood characterized by brightly colored buildings dating back to the 16th century surrounded by cobbled streets, recreational plazas, famous Caribbean fusion restaurants, and cool cocktail bars.

• Site Area: 520.20 square meters or 5,599.39 square feet
• Zoning: C-3 (commercial)
• Tax Code #: 040-002-054-01
• Exempt from paying property taxes up to December 31, 2026
• Coordinates: Lat: 18.46438768, Lon: -66.11581574
• Gross Building Area: 32,900 square feet
• Rentable Area: 28,810 square feet
• Typical floor plate: Approximately 4,100 square feet
• No. of Stories: 8
• Ceiling Clearance: 10’ to 11’
• Construction Materials: Reinforced concrete
• Design / style: Mid-century modernism
• Last Major Rehabilitation: 1990’s
• Staircases: 2
• Elevators: 1
• Located in an Opportunity Zone designated area.

History: Built circa 1946, originally as the Puerto Rico corporate headquarters for the Chase Manhattan Bank. In the 1960’s the Bank offices moved to new facilities in the central business district (Hato Rey). The Old San Juan branch remained there until the bank closed operations in the 1990’s. The floors above the ground level remained as commercial office spaces until 2020 when the last tenant moved out.

Physical condition: The building is currently vacant and is in shell condition, with operable electrical, elevator and water/waste discharge systems. All interior partitions have been recently demolished and cleared, providing for a full floor open plan configuration.

It is one of the few structures in Old San Juan that has fenestrations on 3 facades – the ample windows give a clear vision to the surrounding historic zone, particularly above the fourth (4th) level where the dynamic San Juan Harbor dominates the views to the South with the Island’s central mountain range as background.

The eighth level has a rooftop terrace of approximately 1,717 square feet, providing panoramic views of the San Juan Bay and the Old City.

The bank vault at the first level could be ideal for a concept restaurant with a wine cava, for cannabis dispensary or related use, for jewelers, private lock and vault service, metal/coin/bullion storage, or high-end luxury merchandise, among others.

The second level can be converted to parking use, with access through Cruz Street, and easily accommodating at least 9 vehicles.

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