Commercial Investment Opportunity Three Building in Downtown Arecibo Located in the historic Downtown Arecibo, three commercial buildings located at José de Diego Avenue, one of the main commercial corridor in ...
| Website: | https://www.nestseekers.com/5699191 |
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| Address: | ARECIBO, PR 00612 |
| Ownership: | Corporation |
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| Type: | mixed-use |
Financials
Price:$900,000
Description
Commercial Investment Opportunity – Three-Building in Downtown Arecibo
Located in the historic Downtown Arecibo, three commercial buildings located at José de Diego Avenue, one of the main commercial corridor in the area. A unique opportunity for investors, developers or owner seeking income producing assets with redevelopment potential.
Sale Price: $975,000 – Sold As-Is
Addresses: #179, #181, and #183 José de Diego Avenue, Arecibo, Puerto Rico
Property Overview
Total Buildings: Three (3) commercial buildings
Total Building Area: Approx. 19,112 sq. ft.
Zoning: Commercial (C-1 and C-2)
Flood Zone: Zone X (Non-Flood Area)
Annual CRIM Property Taxes: $12,420 (for all three properties)
Building #1 – Development Opportunity
179 José de Diego Avenue
Structure: 3 levels
Building Area: 8,824 sq. ft.
Lot Size: 542.18 m2
Zoning: Commercial C-2
Flood Zone: Zone X
Property Notes:
Currently vacant
Requires renovation and rehabilitation
This building presents significant development potential for commercial, office, mixed-use or residential conversion.
Buildings #2 & #3 – Income-Producing Asset
181–183 José de Diego Avenue
Two adjacent commercial buildings currently leased, providing stable rental income.
Structure: 3 levels
Total Building Area: 10,288 sq. ft.
Lot Size: 542.18 m2
Zoning: Commercial C-1
Elevator: Yes
Roof: Recently treated (2024)
Additional Features:
Water cistern
Electrical substation located on the rooftop
Leasable Area: Approx. 8,200 sq. ft.
Investment Highlights
? Prime location in Historic Downtown Arecibo
? Elevator and recently treated roof in the income-producing property
? Non-flood zone (Zone X)
| Listing Courtesy of IRW CONCIERGE SERVICES LLC | |