Address
51 MC LEARY AVENUE San Juan, PR
Price
$ 1,550,000
Property Attributes
  • MLS#PR9094142
  • TypePending
  • CountySAN JUAN
  • CitySan Juan
  • AreaSan Juan
  • Zip00907
  • StyleBusiness
  • Price$ 1,550,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage1000
  • Lot Size10,890 SqFt
Listing Provided Courtesy Of:
MI CORREDOR.COM
Data Source:
Stellar MLS
Property Description

Prime location on McLeary 51 avenue- (Ocean Park) Triple Net- current rent is $11,575 with 5% rent increases per year. Next rent increases 5% in March 2022. 1000pc / 984 m 22 parking stalls BUYER WILL NEED TO CONTINUE WITH THE RENTAL AGREEMENT FOR 7 YEARS. The tenant is a B Well Cannabis Dispensary (long term tenant) and the rent increases $3,500/month (including 5%/year) on the first month Cannabis goes recreational in Puerto Rico (which is only a matter of time 1-2yrs) 1,000 square feet commercial property built on a 948.64 square meter site, located at No. 51 Mcleary Avenue in the Ocean Park Development in the Santurce Ward of the San Juan Municipality in Puerto Rico. The subject enjoys to two access stress which are Gertrudis and Los Baños. The single-story structure is made of reinforced concrete, concrete blocks, structural-steel and steel finishes. The structure was originally made as an ice-parlor yet reconverted as a cannabis dispensary approximately a year ago. The revamp includes high end finsihges as well as excellent security supported by a full emergency power generator. It is supported by 22 parking stall for an excellent parking ratio which translates for 10% building top land ratio. The properety falls within a RT-3 zoning restriction, enjoying commercial permits, falling inside the flood prone area, yet not suffering with that condition.

Price History
10/8/2021 Listed $1,700,000
10/22/2021 3% - $1,650,000
11/6/2021 7% - $1,550,000

General Features

Additional Parcels Description 04104118102
Additional Parcels Y/N Yes
Building Area Units Square Feet
City SAN JUAN
Construction Materials Concrete
Cooling Mini-Split Unit(s)
County San Juan
Days on Market 35
Directions 51 Mcleary Avenue Condado
Lot Size Square Feet 10268
MLS Area 00907 - San Juan
New Construction No
Ownership Sole Proprietor
Property SubType Business
Property Type Commercial Sale
Standard Status Pending
Status Pending
Street Name MC LEARY AVENUE
Total Number of Buildings 1
Virtual Tour https://www.propertypanorama.com/instaview/stellar/PR9094142
Water Access YN No
Year Built 2009

Interior Features

Flood Zone Code Zone 0
Green Verification Count 1
Living Area Units Square Feet

Exterior Features

Building Area Total 1000
Foundation Details Slab
Lot Size Acres 0.25
Number of Lots 2
Road Frontage Type City Street
Road Surface Type Asphalt
Water Extras YN No
Water View YN No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 00907

Price
AVG $860K
$1.55M
Visits
AVG 126
17
Year Built
AVG 1988
2009
Walkscore
AVG 82
55
Data Provided by Walkscore ® not using MLS data

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