San Juan, PR 00909

Property Description

Rare Santurce Mixed-Use Investment with 23 Parking Spaces Across from Hospital Pavia Exceptional value-add mixed-use investment opportunity in the heart of Santurce, directly across from Hospital Pavia on Avenida Manuel Fernández Juncos. Properties in this corridor rarely include dedicated off-street parking, making the approximately 23 private parking spaces behind the building a highly valuable and strategic asset for investors, medical users, or redevelopment projects. The location, combined with flexible building configuration, presents strong potential for medical offices, residential rentals, short-term lodging for hospital visitors, or mixed commercial use. This four-story building, originally constructed around 1960, offers approximately 13,610.5 square feet of interior space. The first floor includes approximately 4,837 square feet of commercial space, currently configured as a spacious open-concept layout, suitable for a wide variety of commercial, retail, or institutional uses. The upper levels provide additional flexibility and are currently divided into multiple residential and office units, including: 4 two-bedroom, one-bath units 2 one-bedroom, one-bath units 3 studio units 1 office space The second floor offers approximately 3,898 square feet, the third floor approximately 2,559.5 square feet, and the fourth floor approximately 2,316 square feet. Several units feature balconies. Views face the avenue and surrounding urban area. The residential floors require interior renovations and electrical system updates, presenting a strong value-add opportunity for investors looking to reposition or redevelop the property. Additional building features include an existing elevator shaft (elevator not currently installed) and the large rear parking area, a rare and premium feature in this dense Santurce commercial corridor. The property benefits from a highly central location with immediate access to major transportation routes and is close to La Placita de Santurce, Museo de Arte de Puerto Rico, Walmart Supercenter, restaurants, entertainment, and other commercial centers. Offered at $1,500,000. Ownership is open to considering offers and alternative payment structures.