Caribbean MLSReal Estate

Catano Commercial Property

Not published

The brief

The reason to consider it.

Three-story mixed-use commercial building located in Cataño, Puerto Rico, on a double-corner lot with access to three streets: Avenida Las Nereidas, Calle Barbosa, and Calle Santa Rosa. The building comprises 5,118 sq. ft. of construction on a 421.758 sq. mt. lot.

The first level features two commercial units totaling 3,240 sq. ft., including a restaurant with a dining area, kitchen, three half bathrooms, a walk-in freezer, and an office.

The second level contains a residential unit of 925 sq. ft. with a living room, dining area, kitchen, two bedrooms, one bathroom, a closed balcony (353 sq. ft.), an exterior half bathroom, a laundry area, and a spacious open terrace.

The third level offers a residential unit of 953 sq. ft. with a living/dining room, kitchen, three bedrooms, one bathroom, an open balcony, and a covered balcony (321 sq. ft.).

The property offers beautiful views of San Juan Bay and is in proximity to the Miguel Santiago Ocasio Convention Center, Cataño to San Juan ferry, Cataño Boardwalk ‘Bahia Viva,’ and the Government Center ‘La Alcaldía.’ It provides easy access to main roads PR-165 and PR-22.

Last confirmed

Type
Commercial
Land
4,542 ft²
Use
Mixed use
Lettable area
34,875 ft²
Parking
0
Year built
Available on request

What this listing includes

  • Restaurant or bar
  • Kitchen
  • Balcony
  • Terrace
  • Parking
  • Laundry

What people say about Puerto Rico

Accounts from Puerto Rico agree on one point above all: the electric grid.

  • Concern Unreliable grid and outages; backup power treated as a normal ownership cost
  • Concern Hurricane and flood exposure; insurance limits, exclusions and timing need checking before buying
  • Positive Foreign buyers can hold title; purchase runs through option contract, title study and attorney-notary
  • Mixed Act 60 incentives still attract buyers but are narrowing and conditional for new applicants

Read what people say, based on 11 sources

Cost of entry

The asking price is not what it costs.

What completing costs

US dollars

Who bears the transfer cost is market practice, not law