100% Leased Shopping Center @10% Cap Rate, | $2,150,000 | MLS# 60597
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RE/MAX Classic PR
898 Munoz Rivera Ave. PS-3 San Juan PR 00927

Puerto Rico
MLS# 60597

Details

%
Years (35 year max)
Years



AreaSan Sebastián
Sub AreaGuatemala (Barrio)
State/ProvinceSan Sebastián
CountryPuerto Rico
Price$2,150,000
Property TypeCommercial Space
Floor Space32848 Square Feet
Lot Size14863727.00 m²
Year Built1987
MLS® #60597

ully leased retail shopping center with 33,714 SF of rentable space on 3.67 acres in the heart of San Sebastián’s commercial district. Excellent visibility between PR-111 and PR-446, 119+ parking spaces, 20 electric meters, and 500 KVA substation. Current 10% Cap Rate with projected 11.76%+ in under 12 months. Zoned IL (Light Industrial), FEMA Flood Zone X (outside flood areas), with permit for Strip Shopping use. Room for expansion and value-add. Next to Banco Popular, Walgreens, and surrounded by Wendy's, El Mesón, Subway, Church’s, Burger King, McDonald’s, National Lumber, Berrios, Pep Boys, AutoZone, FirstBank, credit unions, dealerships, and more. Ideal long-term investment in a high-traffic corridor..


Listed by PMI Puerto Rico, Inc


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Data Source: Statistics Canada
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