$323,000
$385,000
16.1%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 12/12/2023
Key Details
Sold Price $323,000
Property Type Vacant Land
Sub Type Other
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PR9101029
Sold Date 12/12/23
HOA Y/N No
Originating Board Stellar MLS
Property Sub-Type Other
Property Description
Pre-construction. Introducing a prime investment opportunity in the stylish Santurce district. A 434 SM site on Labra Street ready to become an urban 26-room hotel design that is sure to be the talk of the town. This is your chance to invest in a property that is perfectly positioned to capitalize on the growing art, entertainment, and cultural hub of the capital city. The 5 strory hotel design is modern and sleek, complete with a restaurant, a swanky rooftop terrace amenity level and 26 guestrooms that are conceived to cater to the needs of both business and leisure travelers. An unmatched location with easy access to all the attractions and amenities that the trendy and vibrant Santurce district has to offer. Santurce is a lively neighborhood renowned for its dynamic arts scene, captivating galleries, and thriving cultural events. Just a few minutes away from prime Condado Beach, Old San Juan historic district and Hato Rey business and financial center, this property is in the heart of it all. A unique pre-construction and shovel ready opportunity to invest in a project that is sure to appreciate as the area continues to flourish and develop. Don't miss out on this chance to be part of the exciting growth of the Santurce district. Immerse yourself in the vibrant atmosphere and experience firsthand the allure of this unique district. Purchase includes design and architectural plans, tourism and hospitality tax incentives, potential renewable energy incentives, tax exemptions, construction budget and revenue projection report. A contractor team is ready to build it for you!
26 Rooms | 1 Restaurants | Amenity Terrace
Basement Parking Space
Location
State PR
County San Juan
Zoning ZN
Exterior
Utilities Available BB/HS Internet Available, BB/HS Internet Capable, Cable Available, Electricity Available, Phone Available, Sewer Available
Building
Lot Size Range Non-Applicable
Sewer Public Sewer
Water Public
Others
Ownership Other
Special Listing Condition None
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Bought with CORCORAN PUERTO RICO
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