Redevelopment @ Puerta de Tierra - For Sale

Property Description

Located in the Puerta de Tierra sector of San Juan, this property was once the El Vocero Newspaper headquarters. The site includes a 53,397-square-foot, three-story building on a 2,512.39-square-meter lot. As part of the neighborhood’s ongoing revitalization, the El Vocero building is set to be renovated and converted into a 44-room hotel with food, beverage and retail spaces. In addition, a 10-story luxury residential tower with eight 3-bedroom units is planned for the site, just west of the main building.

This presents a strong opportunity for hospitality and multi-family developers or investors, offering both tax exemptions and the potential for significant returns as property values continue to rise in the area.

Location Description

Explore the potential of San Juan’s Puerta de Tierra sector, a historic area with opportunities for redevelopment. Just a short walk from the property, Castillo San Felipe del Morro provides a glimpse into the city’s past, while Paseo de la Princesa offers charming architecture and waterfront views. Experience local culture at the Museo de Las Americas or enjoy nearby restaurants. The property's prime location near key landmarks makes it a strong opportunity for investors in the multifamily or hospitality sectors.

Highlights

• Asking Price: $9,000,000 OBO
• Tax Code #'s: 040-004-127-03; 040-004-127-10; 040-004-127-11; 040-004-127-12
• Coordinates: 18.46528726, -66.10078790
• Land Area: 2,512.3918 Square Meters (27,043.16 Square Feet)
• Zoning: C-3 & CT-3
• Flood Classification: X (non-floodable)
• Gross Building Area: 53,397 SF within three (3) levels - Basement (18,711 SF),1st Level (17,343 SF) & 2nd Level (17,343 SF)
• No. of Stories: Three (3)
• Year Built: 1925
• Renovations: 1950 and 1970
• Proposed Plans: Converting the former El Vocero building into a 44-room hotel with retail and dining spaces, along with a new 10-story luxury residential tower featuring eight 3-bedroom units on the vacant lots to the west.

Propert Video: Re-Development Site in Puerta de Tierra