Listing Summary
Located on one of the most prominent corners along Boulevard Avenue, this C-1 zoned commercial property presents a remarkable investment opportunity in a highly sought-after business district.
Full Description
Located on one of the most prominent corners along Boulevard Avenue, this C-1 zoned commercial property presents a remarkable investment opportunity in a highly sought-after business district. Offering versatility and strong income potential, the property consists of seven rental units, five of which are currently occupied, generating steady revenue. With a total gross leasable area of approximately 4,230 sq. ft., valued around $120 per sq. ft., this investment ensures immediate profitability and room for growth.
A standout feature of the property is its enclosed mechanical workshop spanning 1,394 sq. ft., which can be repurposed or reactivated for a variety of commercial or industrial uses. Additionally, the site includes 10 designated parking spaces, providing convenience for both tenants and customers, a major advantage in this bustling area.
The surrounding neighborhood is home to a dynamic mix of professional and medical offices, retail stores, fast-food outlets, restaurants, and shopping centers, reflecting a strong and diverse local economy. The former workshop area, constructed with a steel-covered structure of approximately 287.5 m², further enhances the property’s adaptability for multiple business applications.
Based on the direct capitalization method, the property demonstrates an impressive capitalization rate exceeding 9%, underscoring its solid investment value. It has been appraised as of August 2025, and reasonable offers are welcome.
The C-1 zoning classification permits a wide range of uses, including but not limited to:
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Retail and wholesale sales
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Restaurants and prepared food establishments (including alcoholic beverages)
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Professional offices and pharmacies
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Light industries and commercial laundries
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Bakeries and artisanal production
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Gas stations, car rentals, and exhibition or sale of vehicles
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Veterinary hospitals, funeral homes, and museums
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Institutional, civic, and cultural uses
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Residential and short-term rental purposes
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Entertainment venues such as theaters, live music, karaoke, and DJ events (by exception)
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Renewable energy projects (by exception)
This property represents a rare opportunity for investors seeking a flexible, income-generating commercial space in a thriving and high-traffic location. Don’t miss the chance to secure this exceptional investment in one of the area’s most desirable commercial zones.
Quick Glance
- Listing ID:
CL-Puerto Rico-26732
- Status:
Active
- Year Build:
1971
- Building Size:
N/A
- Lot Size:
7,728.00 Acre