Description
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)
- Principal and Interest
- Property Tax
- HOA fee
- Private Mortgage Insurance
