Redevelopment Opportunity in Cerro Gordo

Property Description

This two-story residential structure offers 1,488 square feet of gross living area, situated on a spacious 1,683 square meter (18,116 square foot) site. Located directly across from the iconic Cerro Gordo Beach, the property presents a rare re-development opportunity in one of Puerto Rico’s most desirable coastal settings. Its lot size allows for flexibility, whether the vision is to redevelop into a modern beachfront multifamily property, short-term rental destination, or a boutique hospitality concept. The existing structure provides a foundation for renovation or expansion, while the site’s zoning and location make it attractive for investors seeking long-term value and appreciation in a growing tourism-driven market. With its proximity to the sand and unobstructed access to ocean breezes, the property represents a truly unique canvas for redevelopment.

Location Description

Strategically positioned along State Road PR-690, the property sits directly across the street from Cerro Gordo Beach, a popular destination for both locals and tourists known for its natural beauty, recreational opportunities, and family-friendly atmosphere. The location provides immediate access to a range of amenities, including restaurants, fast-food establishments, convenience stores, gas stations, pharmacies, medical offices, and churches—all within minutes. The area benefits from strong residential growth, complemented by increasing tourism activity along Puerto Rico’s northern coast. The property is also within a short drive to Breñas Beach, Dorado Beach, and the world-class Ritz-Carlton Reserve in Dorado, placing it near high-end resorts, golf courses, and luxury developments. Its central location in Vega Alta provides quick access to the municipalities of Dorado, Vega Baja, and Toa Baja, while PR-22 Expressway ensures connectivity to the San Juan metropolitan area in less than 30 minutes. With its blend of natural beauty, established infrastructure, and proximity to luxury tourism, this site is perfectly positioned for redevelopment into a standout residential or hospitality asset.

Highlights

• Site Area: 1,683 square meters, equivalent to 18,116 square feet
• Topography: level, at street grade
• Flood Classification: X (non-floodable)
• Zoning: RT-I (medium density residential-tourist)
• Coordinates: 18.481323N; -66.346139W
• Tax Code #: 018-055-026-07-001
• Annual Property Tax Expense: $835.02
• Improvements: 2-story residential structure comprising 1,488 square feet of gross living area (GLA)