San Juan Commercial Property in Villa Capri Development

Villa Capri was built in the late 1960’s and has developed into a mixed-use area with 5% to 10% multi-family units, 80% single family homes and the remainder is a combination of retail and industrial. The neighborhood is located at the western part of San Juan, bordering the Municipality of Carolina. The area can be delineated as follows: Las Delicias Development and Sabana Llana Industrial Park to the north; Highland Park & Town Park Developments to the south; 49th Street and Monte Carlo Avenue to its east; and by State Road PR-181 to its west. Villa Capri interior streets are used mainly as residential, while the properties fronting a major avenue are commercial (retail, office) and even some light industrial. There are also many car dealerships along 65th Infantry Avenue (State Road PR-3). The neighborhood enjoys excellent access from the Hato Rey area, Trujillo Alto, Carolina, and other parts of San JuanThe Property consists of a 463.23 square meter site, improved with a two-story commercial structure made of concrete and concrete blocks comprising approximately 4,462 SF of GBA with a rentable area of 4,409 SF with eleven (11) parking stalls, for a parking ratio of 2.47 per 1,000 SF. The first level consists of a lobby area, two office spaces, two bathrooms, a conference room, dispatch areas, and three storage areas. The second level consists of office areas and three bathrooms. The Property is in an overall average physical condition, has a corner location between Niza and Verona Streets, and has great access capabilities to State Road PR-3, State Road PR-181, State Road PR-8, State Road PR-66 and Teodoro Moscoso Bridge which provides direct access to Luis Muñoz Marín International Airport.