Redevelopment Opportunity: 15 Apartments and 4 Retail Locales in 8-Story Building in Old San Juan with Panoramic Views - For Sale

Located in the captivating and historic Old San Juan, this property offers proximity to a wide array of attractions and amenities, making it an enticing prospect for multifamily/mid-rise investors. Residents will enjoy easy access to renowned landmarks such as El Morro and La Fortaleza, as well as picturesque plazas, vibrant restaurants, and inviting boutique shops. The neighborhood's rich cultural heritage and stunning architecture create an unparalleled backdrop for urban living. With its prime location and diverse array of nearby points of interest, this property presents an exciting opportunity for investors seeking a unique and dynamic real estate venture in the heart of San Juan.Built circa 1946, originally as the Puerto Rico corporate headquarters for the Chase Manhattan Bank. In the 1960’s the Bank offices moved to new facilities in the central business district (Hato Rey). The Old San Juan branch remained there until the bank closed operations in the 1990’s. The floors above the ground level remained as commercial office spaces until 2020 when the last tenant moved out. Located right across the street from the famous Old San Juan Banco Popular Building, and less than 400 lineal feet from the Old San Juan waterfront, which is home to the cruise ships pier receiving over 1.6 million passengers per year, this beautiful building represents a great redevelopment opportunity for real estate investors looking to maximize value. The property is currently being converted to a mixed-use building comprising 4 retail locales and 15 residential apartment units. The future owner of this magnificent historic property within the highly coveted and desirable Old San Juan Sector will make the most out of this lucrative investment opportunity. Don't miss this excellent opportunity of owning a great re-development asset in this highly desirable neighborhood characterized by brightly colored buildings dating back to the 16th century surrounded by cobbled streets, recreational plazas, famous Caribbean fusion restaurants, and cool cocktail bars.