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 ...


Property

Website:https://www.nestseekers.com/5699191
Address:
ARECIBO, PR 00612
Ownership: Corporation
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)

Contact

Phone:
Listing Courtesy of IRW CONCIERGE SERVICES LLC

ARECIBO PR 00612 USA