179 AVE JOSE DE DIEGO, Arecibo, PR 00612
179 AVE JOSE DE DIEGO, Arecibo, PR 00612
179 AVE JOSE DE DIEGO, Arecibo, PR 00612
179 AVE JOSE DE DIEGO, Arecibo, PR 00612
179 AVE JOSE DE DIEGO, Arecibo, PR 00612
179 AVE JOSE DE DIEGO, Arecibo, PR 00612

HOW MUCH WOULD YOU LIKE TO OFFER FOR THIS PROPERTY?

Additional details
$ 975,000
Est. payment | /mo

10,288 SqFt


$ 975,000
Est. payment | /mo

10,288 SqFt

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 10,288 sqft

Price per Sqft $94

MLS Listing ID PR9119730

HOA Y/N No

Year Built 1970

Property Sub-Type Mixed Use

Source Stellar MLS

Property Description

Commercial Investment Opportunity – Three-Building in Downtown Arecibo

Located in the historic Downtown Arecibo, three commercial buildings located at José de Diego Avenue, one of the main commercial corridor in the area. A unique opportunity for investors, developers or owner seeking income producing assets with redevelopment potential.

Sale Price: $975,000 – Sold As-Is
Addresses: #179, #181, and #183 José de Diego Avenue, Arecibo, Puerto Rico

Property Overview

Total Buildings: Three (3) commercial buildings

Total Building Area: Approx. 19,112 sq. ft.

Zoning: Commercial (C-1 and C-2)

Flood Zone: Zone X (Non-Flood Area)

Annual CRIM Property Taxes: $12,420 (for all three properties)

Building #1 – Development Opportunity

179 José de Diego Avenue

Structure: 3 levels

Building Area: 8,824 sq. ft.

Lot Size: 542.18 m²

Zoning: Commercial C-2

Flood Zone: Zone X

Property Notes:

Currently vacant

Requires renovation and rehabilitation

This building presents significant development potential for commercial, office, mixed-use or residential conversion.

Buildings #2 & #3 – Income-Producing Asset

181–183 José de Diego Avenue

Two adjacent commercial buildings currently leased, providing stable rental income.

Structure: 3 levels

Total Building Area: 10,288 sq. ft.

Lot Size: 542.18 m²

Zoning: Commercial C-1

Elevator: Yes

Roof: Recently treated (2024)

Additional Features:

Water cistern

Electrical substation located on the rooftop

Leasable Area: Approx. 8,200 sq. ft.

Investment Highlights

? Prime location in Historic Downtown Arecibo
? Elevator and recently treated roof in the income-producing property
? Non-flood zone (Zone X)

Location

State PR

County Arecibo

Area 00612 - Arecibo

Interior

Cooling Central Air, None, Other

Building

Foundation Concrete Perimeter

Lot Size Range 0 to less than 1/4

Structure Type Concrete

New Construction false

Others

Ownership Corporation

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/PR9119730

Stellar MLS
Listed by Charlene Mercado Millan IRW CONCIERGE SERVICES LLC

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179 AVE JOSE DE DIEGO