Map of Property

Golden Mile - Hato Rey Commercial Building - FOR SALE/LEASE

For Sale

1058 Av. Luis Muñoz Rivera, San Juan, PR 00924

This San Juan property for sale is located at 1058 Av. Luis Muñoz Rivera. The general use of Golden Mile - Hato Rey Commercial Building - FOR SALE/LEASE is office and it incorporates 98,227 square feet of class B office space. The current listed sale price for Golden Mile - Hato Rey Commercial Building - FOR SALE/LEASE is $8,800,000. Golden Mile - Hato Rey Commercial Building - FOR SALE/LEASE is situated on a lot that is 0.73 acre in size.

Contacts

broker

Milton Cofresi

Christiansen Commercial Real Estate

(787) 778-7000

Property Details

  • Property Type Office - General Office
  • Property Size 98,227 SF
  • Units 100
  • Lot Size 0.73 Acre
  • Parking Spaces Avail. 250
  • Building Class B
  • Date Updated Feb 28, 2024
1058 Av. Luis Muñoz Rivera, San Juan, PRThis is an 8-story commercial office building, formerly the home of Fomento Cooperativo, and referred to as Golden Mile Building, consisting of approximately 100,000 square feet supported by approximately 225 parking stalls. This property is centrally located in the periphery of the Hato Rey financial district, perfectly positioned with direct access to Luis Muñoz Rivera, Ponce de Leon & Jesus Piñero Avenues, and State Roads PR-1 & PR-3, all significant traffic arteries within the downtown central business district of Hato Rey in San Juan. Whether reactivating as an office building or converting to a residential condominium building, hotel, multi-family, or mixed-use development, among others, the future owner of this asset will have strong upside potential due to the strategic location, strong demographics, and existing improvements including a solid building structure and parking garage. Another potential use with strong demand in the immediate vicinity is to reposition as student housing given its proximity to the University of Puerto Rico, Rio Piedras Campus. Don’t miss this unique re-development opportunity!Formerly the home of Fomento Cooperativo, this eight-story commercial office building in the periphery of the Hato Rey financial district is perfectly positioned for investors looking for property near the Golden Mile.

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Highlights

  • Zoning: Commercial (C-3)
  • Flood: X (Non-floodable area)
  • Property tax id: 087-011-102-13-901
  • Building Area: 98,227 gross square feet / 92,126 rentable square feet
  • Parking: Supported by an adjacent 7-story parking garage with 225 parking stalls
  • Seller Financing: Subject to negotiation

Attachments

Getting around

  • 79/100

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Location

  • City San Juan, PR
  • Neighborhood Urb. Hyde Park
  • Zip Code 00924

Points of Interest

  • Río Piedras

    0.28 miles

  • Universidad (Plaza Universitaria)

    0.41 miles

  • Universidad (Museo)

    0.42 miles

  • Universidad

    0.47 miles

  • Piñero

    0.76 miles

  • Cupey

    0.81 miles

  • Domenech

    1.08 miles

  • Centro Médico

    1.34 miles

  • Roosevelt

    1.61 miles

  • San Francisco

    1.84 miles

  • Total

    0.09 miles

  • Puma

    0.64 miles

  • Shell

    0.92 miles

  • Puma

    1.04 miles

  • Total

    1.09 miles

  • Total

    1.17 miles

  • Puma

    1.31 miles

  • Toral

    1.42 miles

  • Total

    1.44 miles

  • Shell

    1.52 miles

  • QBE Seguros

    0.07 miles

  • El Roble

    0.34 miles

  • Estacionamiento F

    0.34 miles

  • Condominio Universitario

    0.39 miles

  • Estacionamiento Policía Estatal Río Piedras

    0.39 miles

  • Estacionamiento H

    0.45 miles

  • Estacionamiento T

    0.50 miles

  • Estacionamiento C1

    0.57 miles

  • Estacionamiento B2

    0.57 miles

  • Estacionamiento B1

    0.58 miles

  • Dreams Hotel

    0.25 miles

  • Hotel San Jorge

    2.97 miles

  • Hotel Moderno

    3.07 miles

  • Hotel Bolívar

    3.07 miles

  • Hotel Metropol

    3.07 miles

  • KW Homes

    3.15 miles

  • Metropolitan Guest House

    3.17 miles

  • San Juan International Hostel

    3.24 miles

  • Jorge

    3.36 miles

  • Reino del Silencio

    3.41 miles

  • La Placita

    0.23 miles

  • Pueblo

    0.65 miles

  • Supermercado Colon

    0.70 miles

  • Pollera

    0.70 miles

  • 1 to seven +plus

    0.70 miles

  • Plaza Loíza

    1.02 miles

  • Plaza Loíza

    1.15 miles

  • Econo

    1.47 miles

  • Econo

    1.77 miles

  • Macy's

    1.82 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Milton Cofresi

Christiansen Commercial Real Estate

(787) 778-7000