Map of Property

Prime Location Development Site in Condado - FOR SALE

Corner of Magdalena Ave and Manuel Rodriguez Serra St , Condado, PR 00917

  • For Sale $7,200,000
  • Property Type VacantLand
  • Lot Size 0.59 Acre
  • Additional Rent Contact for pricing
  • Date Updated Dec 10, 2024
Located in the heart of the Condado Sector of San Juan the property is surrounded by restaurants, hotels, fast-food outlets, banks, grocery and general merchandize stores, and pharmacies. A major component at this locality includes the Ashford Hospital, which is located within a two block radius. Also located in the immediate vicinity are essential institutional uses such as schools (Robinson School and St. Johns) and church (Stella Maris).Prime development site currently used as a surface parking accommodating approximately 80 vehicles and generating income. The motivated seller is offering this strategic property located at the northwestern corner of Magdalena Avenue and Rodriguez Serra Street in the heart of the Condado Sector of San Juan. The site comprises 2,406.56 square meters of land area and is situated outside a flood-prone area. Due to its central urban location, the site is served by all utilities and services. Improvements on the site include asphalt paving, gate, fences, and an operator’s cabin. Its current residential (R) zoning allows for high-density development, consistent with its surroundings. With minimal new construction and a very strong demand for new housing, any proposed development will benefit from a quick absorption and surging residential values. The motivated seller adds an extra layer of opportunity for potential investors or developers looking to capitalize on this promising real estate venture.
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Attachments

Highlights

  • Ask Price: $7,200,000 OBO
  • Site area: 2,406.56 square meters, equivalent to 25,904 square feet and/or 0.59 acres.
  • Zoning: Residential (R)
  • Flood Classification: Zone X (Outside of Flood Prone Area)
  • Site Coordinates: 18.4545757, - 66.0677145
  • Property Tax Id: 040-040-015-08, 040-040-015-09, 040-040-015-10 & 040-040-015-11

Contacts

broker
Daniel Prieto, MAI, CCIM

Christiansen Commercial Real Estate

Location

Getting Around

  • Walk Score ®

    85/100 Very Walkable
Powered by Walk Score ®
  • City Condado, PR
  • Neighborhood Condado
  • Zip Code 00917

Points of Interest

  • Parada de Taxis - Plaza Las Américas

    2.22 miles

  • Universidad (Plaza Universitaria)

    3.65 miles

  • Universidad (Museo)

    3.65 miles

  • Río Piedras

    3.97 miles

  • Centro Médico

    4.39 miles

  • Cupey

    4.46 miles

  • Martínez Nadal

    4.92 miles

  • Deportivo

    6.80 miles

  • Mobil

    0.29 miles

  • Puma

    0.33 miles

  • Total

    0.51 miles

  • 76

    0.70 miles

  • Ecomaxx

    0.71 miles

  • Gulf

    0.73 miles

  • Texaco

    0.79 miles

  • Blink

    4.07 miles

  • Tesla Supercharger

    4.12 miles

  • Condominio San José

    0.04 miles

  • Via Appia's Deli Parking

    0.05 miles

  • Parking Plaza de la Libertad

    0.05 miles

  • BPPR Parking

    0.06 miles

  • Magdalena Parking

    0.24 miles

  • D'Antonio Parking, Inc.

    0.27 miles

  • Valera

    0.28 miles

  • Estacionamiento COOPEEM

    0.33 miles

  • Multipiso Arquitecto Antonio Miró Montilla

    0.40 miles

  • Parking de Isa

    0.43 miles

  • AC Hotel San Juan Condado

    0.07 miles

  • Mango Mansion

    0.15 miles

  • Avila Guest House

    0.17 miles

  • Casa del Caribe Inn

    0.17 miles

  • San Juan Marriott Resort & Stellaris Casino

    0.22 miles

  • Hotel Iberia

    0.23 miles

  • Best Western Plus Condado Palm

    0.27 miles

  • Sandy Beach Hotel

    0.29 miles

  • DoubleTree by Hilton Hotel San Juan

    0.32 miles

  • Casa Condado Hotel

    0.33 miles

  • The Place

    0.03 miles

  • Crush Juice Bar

    0.03 miles

  • La Bodeguita de Manolo

    0.04 miles

  • Burger King

    0.06 miles

  • Restaurante Antonio

    0.07 miles

  • La Cantina Argentina

    0.07 miles

  • Via Appia's Restaurant

    0.08 miles

  • Tijuana's Bar & Grill

    0.09 miles

  • La Hacienda Foods Condado

    0.09 miles

  • Ruben's Cafe

    0.09 miles

  • Robinson School

    0.17 miles

  • Saint John's School

    0.18 miles

  • Escuela Julián E. Blanco Sosa

    0.28 miles

  • Escuela Madame Lucchetti

    0.35 miles

  • Central High School

    0.46 miles

  • Colegio Episcopal San Juan Bautista

    0.47 miles

  • Colegio San Jorge

    0.48 miles

  • Century College, Inc.

    0.50 miles

  • Ballets de San Juan

    0.50 miles

  • Academia Sagrado Corazón

    0.52 miles

  • Humpty Dumpty

    0.19 miles

  • Kolorín Day Care

    0.67 miles

  • Kolorines

    0.87 miles

  • Roses Day Care

    0.88 miles

  • La canasta de Emanuel

    0.92 miles

  • The Tree House

    1.03 miles

  • Little Angels Pre School

    1.10 miles

  • Ocean Park Kids

    1.17 miles

  • Taller Infantil

    1.21 miles

  • Little Genius

    1.82 miles

Frequently Asked Questions

How much does Prime Location Development Site in Condado - FOR SALE cost?

The space currently listed for sale at Prime Location Development Site in Condado - FOR SALE asks for $7,200,000.

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Contact Listing Broker
broker
Daniel Prieto, MAI, CCIM

Christiansen Commercial Real Estate