Three Restaurant Operations @ Roosevelt Ave

Property Description
This offering refers to a prime location with three (3) restaurant operations situated on 1.21 acres, improved with 9 different structures amounting to approximately 21,600 square feet, and strategically located along the highly-transited FD Roosevelt Avenue, just less than half a mile from Plaza Las Américas, the Island's largest shopping center with a rentable area of approximately 2 million square feet.

The existing improvements are fully functional and up to date with current market standards, and they provide the flexibility of serving as three (3) different restaurant operations. That being said, the site's strategic corner location having frontage to 4 different arteries as well as its C-2 zoning, allow for an eventual higher density mixed-use development, consistent with the neighborhood's strong urban nature.

Location Description
FD Roosevelt Avenue is the main artery of the area, connecting the San Juan and Guaynabo municipalities. This unique opportunity is situated approximately 1.5 miles from the Hato Rey Central Business District. In addition, San Patricio Shopping Center with approximately 600,000 square feet of rentable space, is about 1.6 miles to the west.

The critical mass of the vicinity, the presence of excellent private schools in the nearby Guaynabo Municipality as well as the abundance of high-net-worth individuals, make this a prime investment opportunity, not to be missed by forward-thinking investors.

Highlights

• Ask Price: $5,500,000
• Coordinates: Lat: 18.41568694, Lon: -66.08035836
• Land Area: 18 lots totaling 4,915 square meters, equivalent to 52,904.62 square feet or 1.21 acres
• Topography: Level, at street grade
• Zoning: C-2 (mostly), C-1, CO-1 and R-4
• Flood Classification: AE & X
• Construction: 9 Structures with an approximate Gross Building Area of 21,600 square feet
• Seller is willing to evaluate the sale of the going concern.
  Financial information available upon request.

Property Video: Net Leased - Prime Development Site - FOR SALE