Caribbean MLSReal Estate

One Property, Multiple Opportunities

Available on request

The brief

The reason to consider it.

Strategic location near PR-3, offering commercial space and residential units. Prime for development in a flood zone area. Mixed-use property (commercial/residential) in the Villodas Sector, Jobos neighborhood, Guayama. It consists of 2 structures and 2 lots. Total size of both lots: 704.43 m². The first level includes: an open commercial space measuring approximately 25’ x 36’ and a covered billiards room measuring approximately 22.9’ x 16’. The second level features 3 bedrooms, 1 bathroom, a living-dining room, a kitchen, and a balcony, accessed via an exterior concrete staircase. Includes a covered terrace. The property is located in FEMA Zone AE (Flood Zone). Classification: AD (Developed Area). Annual CRIM payment: $1,375.52 (approx.). Located 0.2 miles from PR-3, 9 miles from the Salinas Olympic Village, and 7.5 miles from the Walmart Plaza (shopping center) in Guayama. The property needs improvements. Sold as-is.

Year built
1970
Type
Commercial
Land
7,578 ft²
Media on file
Available on request

What this listing includes

  • Balcony

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