Discover a prime investment opportunity nestled in the vibrant Loíza area. This property, boasting a medium- to high-density residential zoning, and comprising 60 built apartment units in shell state, presents an exceptional chance for a lucrative multifamily development. Situated in an area characterized as touristic/second home in nature, the location offers the potential for a profitable venture. With strategic access to amenities and transportation, this property is poised to attract purchasers seeking a dynamic urban lifestyle in a picturesque setting.
• Zoning: R-A (High Density Residential) & R-I (Medium Density Residential)
• Tax Code #'s: 066-015-002-45-901; 066-015-002-46-998 & 066-025-002-43-000
• Site Area: 40,269.38 square meters, equivalent to 10.25 cuerdas and/or 9.95 acres
• Flood Classification: Mostly 0.2 PCT with a small portion VE
• Opportunity: This asset represents a great opportunity to acquire a unique beachfront property with its price well below its current replacement cost. This is one of the few remaining assets resulting from the economic meltdown of year 2008.
Discover a prime investment opportunity nestled in the vibrant Loíza area. This property, boasting a medium- to high-density residential zoning, and comprising 60 built apartment units in shell state, presents an exceptional chance for a lucrative multifamily development. Situated in an area characterized as touristic/second home in nature, the location offers the potential for a profitable venture. With strategic access to amenities and transportation, this property is poised to attract purchasers seeking a dynamic urban lifestyle in a picturesque setting.
• Zoning: R-A (High Density Residential) & R-I (Medium Density Residential)
• Tax Code #'s: 066-015-002-45-901; 066-015-002-46-998 & 066-025-002-43-000
• Site Area: 40,269.38 square meters, equivalent to 10.25 cuerdas and/or 9.95 acres
• Flood Classification: Mostly 0.2 PCT with a small portion VE
• Opportunity: This asset represents a great opportunity to acquire a unique beachfront property with its price well below its current replacement cost. This is one of the few remaining assets resulting from the economic meltdown of year 2008.
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