Return to Listing With Agent Info Without Agent Info

Income Producing Mixed-Use Property- FOR SALE

1960 Avenida Borinquen, San Juan, 00915
Sold: $330,000
Income Producing Mixed-Use Property- FOR SALE

Property Details

Property Type
Residential
Building Type
Freestanding
Building Size
18,100 sqft
Land Size
590 sqm
Units
11
Sewer
Yes
Water
Yes
Zoning
ZU-R1 (Urban Zone Residential
Electric
Yes
Parking
Street parking
1Br 1Ba Apts.
1 units
3Br 1Ba Apts.
8 units
4Br 1Ba Apts.
2 units
Comm. Locale 2
Annual rent - $12,000
Comm. Locale 1
Proposed annual rent - $18,000

Property Description

The Property consists of a three-story, mixed-use property comprising approximately 18,100 square feet, situated on a 590 square meter site. The first level consists of two (2) commercial locales which are currently operating. The second and third level are distributed between eight (8) 3BR-1BA apartments, two (2) 4BR-1BA apartments and one (1) 1BR-1BA apartment unit, for a total of eleven (11) residential units.

The Property’s neighborhood combines a mix of different uses, including commercial, residential, light industrial and public/institutional. Important uses in the area include the Sagrado Corazón Train Station, the Sagrado Corazón University, the Puerto Rico Power Authority (PREPA) central offices, Bellas Artes, Santurce’s market plaza (La Placita), Puerto Rico’s Art Museum, Pavia Hospital, Music Conservatory and the recently built Walmart Supercenter.

Location