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Published on: Friday, October 24, 2025

Updated on: Friday, October 24, 2025

About the Lister

Name: Marylyn Salva

Company: REMAX ZONE

Office Phone:

Cell Phone: (787) 380-3296

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Financing Business Material

Three-story Reinforced Concrete Building

1108 LAS PALMAS AVE. San Juan Puerto Rico , 00907

REMAX ZONE
Listing ID: CL-Puerto Rico-26677 Mixed Use/Retail

Purchase Option

Asking Price: $1,650,000.00

Acquisition Option: Traditional Purchase

Cap Rate (%): Contact Lister

Net Operating Income: Contact Lister

Quick Glance

Listing ID: CL-Puerto Rico-26677

Status: Accepting Offers

Financing: Third Party Financing

Occupancy: N/A

Year Build: 1950

Building Size: 12,099.00 SqFt

Lot Size: 0.27 Acre

No of Stories: 3

No of Parking: N/A

Offer to Millionaire Club: No

Business Available for Sale: No

Is Net Lease Investment: No

Property On Ground Lease: No

Building Status: Existing

Listing Summary

Three-story reinforced concrete building offers a total of 19,619 square feet of gross building area and features six commercial units--two on each floor--designed for flexible use.

Complete Details

Year Build: 1950

Building Size: 12,099 SqFt.

No of Stories: 3

Total Lot Area: 0.27 Acre

No of Parking: N/A

No of Total Units: N/A

Property Current Status: Normal Sale

Building Status: Existing

Heating and Cooling: Cooling Only

Building Class: Not Specified

Property on Ground Lease?: No

Net Lease Investment?: No

Business Price Included?: No

Roofing: Not Specified

Occupancy: 0%

Full Description

Multi-Tenant Commercial Building with Development Potential

This is a solid investment opportunity to acquire a large, three-story commercial building in a high-demand area. Constructed of reinforced concrete, the property offers an expansive 19,619 square feet of gross building area, providing substantial scale for various operations.

The structure is designed for maximum flexibility, featuring six distinct commercial units (two on each floor). Currently in usable condition, the building allows for immediate operation while offering the option for future improvements and renovations.

Accessibility is excellent, with parking available for approximately 15 vehicles at the rear and side of the building. Its layout and strategic location make it perfectly suited for a wide range of uses, including large professional offices, a retail center, or a future mixed-use development.

Additional Properties

Property Highlights

Large Commercial Scale: Features a substantial 19,619 square feet of gross building area across thre
Flexible Multi-Tenant Layout: Configured with six independent commercial units (two per floor) for diverse income streams or business uses.
Durable Construction: Built with reinforced concrete, providing a stable and long-lasting structure.
Immediate Usability: The building is in usable condition, allowing for immediate operation and cash flow generation.
Excellent Accessibility: Includes dedicated parking for approximately 15 vehicles at the rear and side of the building.

Features

Latitude: 18.44571257 - Longitude: -66.07784364
Directions: Get on Expreso Román Baldorioty de Castro/PR-26 from Marginal Aeropuerto 3 min (2.0 km) Continue on Expreso Román Baldorioty de Castro/PR-26 to Santurce, San Juan. Take the Expreso John F. Kennedy exit from Expreso Luis Muñoz Rivera/PR-1 N 6
Cooling: Ductless
Flood Zone Code: X
Construction: Block, Concrete
Foundation: Concrete Perimeter
Lot Description: 1/4 to less than 1/2

Additional Links

Contacts

No Additional Contacts.

Listing Location

Lister's other Properties

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Title: 315 LUNA ST., MAESTRO RAFAEL CORDERO COND. #2-A, SAN JUAN, PR 00901 Address: 315 LUNA ST., MAESTRO RAFAEL CORDERO COND. #2-A , San Juan Puerto Rico 00901 Listing ID: RL-Puerto Rico-27083 Listing Type: Residential Category: Residential Type - Condo/Townhouse	Status: Accepting Offers Created On: 12/2/2025 Modified On: 12/2/2025
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