Former Motel In Naguabo - FOR SALE

Property Description
Located at the east coast of Puerto Rico, this 1-Acre former motel property represents a value-add opportunity in Naguabo, directly on State Road PR-3, which intersects with the Naguabo Malecón to its south including many restaurants, bars, stores, among other commercial properties near the ocean where locals and tourists vacation.

The property was known as the Real Palmas Motel consisting of three (3) concrete and concrete block structures in shell conditions with 30 cabins, totaling approximately 20,000 square feet. Each structure has two stories with ten (10) cabins of approximately 6,500 square feet each.

It is less than 2-miles east of the Naguabo Town Core, and just south of State Road PR-53 which is the main access road connecting the municipalities along the eastern coast of the island. Naguabo is bordered by the Vieques Passage, north of Humacao, south of Rio Grande and Ceiba, and east of Las Piedras.

Property Highlights

• No pre-payment penalty
• No origination fees
• Highlights
• Former Motel – FOR SALE
• Location: West of Km. 63.7, State Road PR-3, Naguabo, PR
• Coordinates: Lat: 18.208243, Lon: -66.707730
• Property Tax ID: 256-000-005-44
• Site Area: 1 Acre
• Access: State Road PR-3
• Property Video
• Seller Financing: Subject to negotiation