Caribbean MLSReal Estate

Mixed-Use Building for Sale in Carolina, Puerto Rico

Not published

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
The brief

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.

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