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$ 890,000
Est. payment /mo
Price Dropped by $35K
409 SAN JORGE San Juan, PR 00912
4,251 SqFt
UPDATED:
01/31/2025 07:32 AM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,251 sqft
Price per Sqft $209
MLS Listing ID PR9109758
HOA Y/N No
Originating Board Stellar MLS
Year Built 1900
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type Mixed Use
Property Description
Premium Commercial Property for Sale or Development in Santurce, Puerto Rico
Address: 409 Calle San Jorge, Santurce, PR
Property Overview:
Building Size: 4,251 sq. ft. spread across two floors, plus additional square footage contained in 2 private terraces
Lot Size: 650 sq. meters
Parking: 13 dedicated spaces
Equipment: Two generators and 2 water cisterns of 600 gallons each
Location: Prime position in the thriving Santurce business district
Investment Highlights: This versatile commercial property offers a unique opportunity for real estate investors. The existing structure can be utilized as office space, ideally suited for professional services, tech companies, or creative industries. Additionally, the property presents substantial redevelopment potential with the option to convert it into a 7-unit guest house with several private terraces, capitalizing on the growing demand for boutique accommodations in Puerto Rico's vibrant tourism market. With two terraces (12' x 14' and 8' x 23'), one balcony and the possibility of adding two additional terraces, 5 of the 7 units in a conversion strategy could have private outdoor space.
Strategic Advantages:
Prime Location: Situated in the bustling Santurce area, surrounded by businesses, restaurants, and cultural attractions.
Flexible Use: Can be leased as office space or reimagined as a hospitality venture.
Puerto Rico Act 60 Tax Incentives: Eligible for significant tax benefits, including exemptions and tax credits under the Puerto Rico Act 60 program, designed to encourage investment and economic growth on the island.
Investor Appeal:
With its central location, flexible usage options, and eligibility for Act 60 tax incentives, this property is well-positioned for investors looking to maximize returns, either through long-term leasing or redevelopment into a tourism project.
Contact Us Today for detailed financial projections, additional property information, or to schedule a private tour.
Address: 409 Calle San Jorge, Santurce, PR
Property Overview:
Building Size: 4,251 sq. ft. spread across two floors, plus additional square footage contained in 2 private terraces
Lot Size: 650 sq. meters
Parking: 13 dedicated spaces
Equipment: Two generators and 2 water cisterns of 600 gallons each
Location: Prime position in the thriving Santurce business district
Investment Highlights: This versatile commercial property offers a unique opportunity for real estate investors. The existing structure can be utilized as office space, ideally suited for professional services, tech companies, or creative industries. Additionally, the property presents substantial redevelopment potential with the option to convert it into a 7-unit guest house with several private terraces, capitalizing on the growing demand for boutique accommodations in Puerto Rico's vibrant tourism market. With two terraces (12' x 14' and 8' x 23'), one balcony and the possibility of adding two additional terraces, 5 of the 7 units in a conversion strategy could have private outdoor space.
Strategic Advantages:
Prime Location: Situated in the bustling Santurce area, surrounded by businesses, restaurants, and cultural attractions.
Flexible Use: Can be leased as office space or reimagined as a hospitality venture.
Puerto Rico Act 60 Tax Incentives: Eligible for significant tax benefits, including exemptions and tax credits under the Puerto Rico Act 60 program, designed to encourage investment and economic growth on the island.
Investor Appeal:
With its central location, flexible usage options, and eligibility for Act 60 tax incentives, this property is well-positioned for investors looking to maximize returns, either through long-term leasing or redevelopment into a tourism project.
Contact Us Today for detailed financial projections, additional property information, or to schedule a private tour.
Location
State PR
County San Juan
Interior
Cooling Mini-Split Unit(s)
Exterior
Utilities Available Electricity Available, Other, Public, Water Connected
Building
Foundation Concrete Perimeter
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Concrete
New Construction false
Others
Ownership Sole Proprietor
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/PR9109758
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