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Property For Sale Or Rent:

Puerto Rico

Po Box 16876
San Juan
Puerto Rico 00908-6876
Puerto Rico


Property for sale: $9,750,000 USD  (Negotiable)

Tourist Hotel For Sale in San Juan, Puerto Rico Puerto Rico

The real estate is an existing beach front Tourist Hotel located on the Condado Beach area of San Juan, Puerto Rico. The Hotel operates 37 guest rooms(keys)and features a very, very, busy and famous beach front Bar and Restaurant which is popular with Tourist and Locals year round.

The property is on a single lot measuring approximately 677.53 sq. meters.
The real estate is an existing beach front Tourist Hotel located on the Condado Beach area of San Juan, Puerto Rico. The Hotel operates 37 guest rooms(keys)and features a very, very, busy and famous beach front Bar and Restaurant which is popular with Tourist and Locals year round.

The property is on a single lot measuring approximately 677.53 sq. meters. The improvements consist of a 5-story reinforced concreate building with a gross area of approximately 18,950 sq. feet inclusive of the terraces at the first and fifth floors. Recent renovations and proper maintance contribute to the very excellent condition of the building which may be rated overall as having the look of only 5 to 8 years and an actual age somewhat above 30 years.

The property has an electrial power plant and water storage tanks. All guest rooms have central air condition and are well furnished. Guest Rooms size are comparable to other Hotels within the surrounding market. The property also has an incredable owners Penthouse apartment with two large bedrooms.

A 90%, 10 year goverment tax exemption on all property and income taxes is presently in effect and is available to qualified buyer.

The property is located directly on the beach in the center of the Condado Tourist Zone in San Juan, Puerto Rico. The San Juan Marriott Hotel and Casino, and the new Renaissance Hotel Casino are both located less than two blocks from the property.

The single lot corner site has frontage to the street at its western boundary and the sandy beach of the Atlantic Ocean Maritime Zone to the North. The property has excellent commercial exposure by virtue of its beach front location and is easily accessible to the road network and the surrounding high income Condado neighborhood. The improvements are constructed above a retaining wall which is at a much higher grade than the adjacent beach.

The Condado is a well developed densely developed urban highly upscale neighborhood which displays a wide variey of amenities including numerous branded Hotel chains located throughout. Restaurants, High End Boutiques and Retail Shopping are just some of the thriving business catering to the needs of tourist and residents alike within the Condado.

The property is approximately 10 minutes (5 miles) from Luis Munioz Marin International Airport as well as Isla Verde. Old San Juan, Cruise Ship Port and the New Puerto Rico Convention Center are a short 5 minute (1.5 miles) away.
Property Summary
Offered by   Owner
Construction Year   1960
Area   678 m2
Stories   5
Features   Furnished, Appliances, Laundry Room, Terrace, Patio, Cable TV, Ocean View, Ocean Waterfront,
Contact information
Contact person name   Thierry Goins
Phone numbers   787 409-5442
Photos




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