Limited Service Lodging Facility - FOR SALE
Property Details
Property Description
The Property consists of a 28- cabin, limited-service lodging facility currently operating having approximately 25,600 square feet of Gross Building Area, located on a 3 "cuerdas" and/or 11,791.19 square meter site.
The Property is specifically located along Camino Los Navarro Street, an interior artery which runs in a southwestern direction from Km 25.3 of State Road PR-1, the main commercial and access road in the immediate area. Lisboa Motel is located less than half a mile from PR-1.
The property is equipped with an emergency backup power generator, a water tank and has access to a well.
State Road PR-1 is a heavily transited artery which connects the San Juan Municipality with the Caguas Municipality, two of the most important municipalities in the Island in terms of economic activity and population density. The immediate neighborhood is composed of some industrial and non industrial businesses including 97.7 FM radio station, Central Drug Pharmacy, and various residential communities.
Whether you're considering a conversion to a residential use, a self-storage business facility, or continuing its current limited-service lodging use, this Property has enormous upside potential.
Don't miss this exclusive opportunity!
Highlights:
- Asking Price: $560,000
- Number of Cabins: 28
- Square Footage: Approx. 25,600 of GBA
- Additional Improvements: Office structure, laundry room, emergency power generator with full-operating capacity, water cistern, on-site water well, and excess land for future expansion and/or segregation to be sold off.
- Access: Camino Los Navarro St. (South & Interior of km 25.3, State Road PR-1)
- Lot Size: 3 cuerdas, equivalent to 11,791.19 square meters.
- Flood Zone: Zone X (Minimum Flood Hazard Area)
- Topography: At grade with access street, enjoying a slight downward slope towards the south
- CRIM Tax Code: 171-000-004-35-998
