For Sale $7,200,000
Property Type VacantLand
Lot Size 0.59 Acre
Additional Rent Contact for pricing
Date Updated Aug 15, 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

Daniel Prieto, MAI, CCIM

Christiansen Commercial Real Estate

Location

Getting Around

Walk Score ®
85/100 Very Walkable

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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