TotalCommercial.com
Residential Investment

Old San Juan-Tetuan Commercial-Resi -FOR SALE

251 Calle de Tetuan, San Juan, 00901

Sold: $4,350,000
$174 / SF
Updated Sep 30, 2026
Categories Apartments

About this property

Description:
Commercial building consisting of approximately 25,000 square feet within six (6) floors with approved construction plans and permit for twelve (12) short term rental apartments plus ground level commercial / retail space.

Location:
251 & 253 Tetuan Street, Old San Juan Sector, San Juan, Puerto Rico

Building area:
Approximately 25,000 square feet

Features:

  • Recently completed a demolision project of the interiors, gutting out all the old walls, etc.
  • Has a full set of approved construction plans for apartments above retail
  • Approved construction permit for twelve (12) short term rental apartments plus commercial / retail at ground floor
  • Applications submitted for both (a) Federal historic tax credits and (b) PR Tourism tax credits.

Property Influence:
Excellent location in historic Old San Juan, acrros Banco Popular and Oriental Bank buildings and steps away from cruise ship terminals. Close to many commercial, residential, retail, office and hotel components such as casual and fine dining restaurants, government offices, fashion outlet stores, theaters, galleries, museums and hotels. Located near three (3) parking buildings with over 1,500 spaces

SiteCoordinates:
Latitude: 18°27’53.21”N
Longitute: -66° 6’54.22”W

Zoning:
Commercial (C-3)

Property details

Property Type
Residential
Building Type
Freestanding
Building Size
25,000 sqft
Units
12
Sewer
Yes
Water
Yes
Zoning
Commercial (C-3)
Electric
Yes
Plans
Approved construction plans
Permit
Approved construction permit
Project
12 apartments above retail
Purpose
Short term rental - 12 apts
Parking
In the immediate vicinity
Conditions
Interior demo completed
Application 1
Federal historic tax credits
Application 2
PR tourism tax credits

Documents 7 files

251-Tetuan.pdf 1.7 MB
Construction-Permit.pdf 895 KB
Rendering.pdf 415 KB
Active-Listings---OSJ.pdf 120 KB
Average-Daily-Rate---OSJ.pdf 327 KB
Market-Revenue---OSJ.pdf 295 KB
Revenue-Forecast---OSJ.pdf 327 KB

Last updated: Sep 30, 2026

Location

Address
251 Calle de Tetuan
San Juan, 00901
The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.