ARECIBO

Descripción

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)