One or more photo(s) has been virtually staged. SANTURCE! Urban Investment Opportunity in Prime Mixed-Use Building


LOCATION, VERSATILITY & SERIOUS COOL FACTOR.


Introducing a newly renovated corner building, strategically situated in the up-and-coming Villa Palmeras neighborhood of Santurce. If you're seeking a savvy investment opportunity with an urban edge, look no further - this is it.


Elevated atop one of Villa Palmeras' highest points, the building offers views of North Santurce and the Atlantic Ocean. Its location along Eduardo Conde Avenue places it within the dynamic ZU-G2 mixed-use zoning area, rendering it an ideal canvas for various ventures. From hip hostels to long term residential rentals, the possibilities are as diverse as the community it serves. Its proximity to Universidad del Sagrado Corazon, easy access to LMM International Airport and some of San Juan's Best Beaches underscore its strategic value and contribute to its allure as a potential hospitality hub.


The property itself boasts a two-story structure with an inviting rooftop space, primed for imaginative use. Whether envisioning a tranquil retreat upstairs complemented by a lively cafe and bar below, or exploring alternative commercial ventures, the layout accommodates diverse business models. Furthermore, its adjacency to the Villa Palmeras Cemetery, steeped in the rich history of the local salsa legends who rest here, lends a unique cultural resonance... infusing the locale with a distinct identity and charm.


In summary, for discerning investors seeking a centrally located investment property with a touch of urban flair and plenty of potential, this is your golden opportunity. Explore the possibilities and secure your foothold in Santurce's evolving landscape.


Breakdown:


1st Level:
Commercial 1 4 half-bath 1,410 sq.ft.
Commercial 2 2 half-bath 482 sq.ft.


2nd Level:
Unit 1 1 bed - 1 bath 540 sq.ft.
Unit 2 2 bed - 1 bath 546 sq.ft.
Unit 3 2 bed - 1 bath 438 sq.ft.
Unit 4 2 bed - 1 bath 375 sq.ft.
Unit 5 2 bed - 1 bath 481 sq.ft.
Unit 6 2 bed - 1 bath 432 sq.ft.


3rd Level Open Rooftop 1,855 sq.ft

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August 22, 2024