Mixed-Use Building for Sale in Carolina, Puerto Rico
Not published
5 catalogue images. Media provenance, current condition and usage rights are confirmed before an introduction.
The reason to consider it.
This mixed-use building is located in the URB Castellana Gdn area of Carolina, Puerto Rico, at A13 Galicia Ave. The property features 3 commercial stores and 7 residential units (6 one-bedroom apartments and 1 studio). Currently, 2 commercial spaces and 4 apartments are rented on a month-to-month basis. The building includes 8 residential water meters (7 not yet installed) and 6 electric meters (2 commercial, 2 residential, and 2 without meters). It has a newly installed galvalume roof and new acoustics, along with a water pressure pump, electrical amplifier, and commercial water hook-ups. The property sits on a 350 sqm lot with 325 sqm of construction and is ideal for investors seeking long, medium, or short-term income. The annual property tax is $2,658.00. It is zoned CC-1 (Commercial) and is located in a FEMA Zone. The property has a potential gross income of $65,000 annually. It is situated 5 miles from SJU Airport and offers direct access to Ave. Roberto Sanchez Vilella, and is within 1-3 miles of UAGM University, Parque Industrial la Ceramica, and Ave. Baldorioty de Castro.
Last confirmed
- Year built
- 1970
- Type
- Commercial
- Land
- 3,767 ft²
- Use
- Mixed use
- Lettable area
- 3,498 ft²
- Occupancy
- 60%
- Parking
- 4
- Zoning
- CC-1
What this listing includes
- Parking
- Solar power
- Water storage
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
The asking price is not what it costs.
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