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358 Calle Fortaleza, San Juan, PR 00971

$1,495,000
  • 358 Calle Fortaleza, San Juan, PR 00971 Main Photo

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Active
SQUARE FEET4,978 MLS#64798
STATUSActive PROPERTY TYPECommercial - Business SUBDIVISIONViejo San Juan -Zona Historica (B

Property Description

EXCLUSIVE INVESTMENT OPPORTUNITY | OLD SAN JUAN Where history becomes a strategic investment. Presented here is one of the most attractive assets currently available in Old San Juan, located on the iconic and highly trafficked Calle Fortaleza, in the heart of Puerto Rico's most exclusive historic district. KEY ASSET DETAILS Complete building comprised of five (5) registered units, each with its own independent deed, which represents one of the greatest attributes of value from an investment perspective. 4,978.05 square feet of construction, 195.48 square meter lot, Multi-level structure with a lookout/terrace area, Prime location with high tourist and commercial traffic, Cadastre: 040-003-057-05-001. DIFFERENTIATING VALUE: This asset is distinguished by a rare combination within the Old San Juan market: Prime location on Calle Fortaleza, Entire building within the historic district, Five units with independent deeds, allowing for total development flexibility and multiple exit strategies, High demand in the investment market, Scarcity of comparable properties available, The existence of independently titled units allows for maximizing future value through segmented sales, boutique condominium development, or diversified income structuring. DEVELOPMENT POTENTIAL The property allows for various high-yield strategies: Development of a boutique hotel with an experiential concept and rooftop terrace; Conversion to loft-style residences targeting the international market; Mixed-use project with commercial, residential, and rooftop components; Development of an apartment complex for sale or rent, capitalizing on the high demand in the historic area. Additionally, the buyer can benefit from economic and tax incentives applicable to historic properties and investment projects in Puerto Rico, which can represent significant advantages in terms of return, depending on the project structure and regulatory compliance. This type of asset is ideal for investors seeking to position themselves in the premium segment of Old San Juan, with the capacity to capture significant appreciation through repositioning. OPPORTUNITY PRICE A strategic entry into an asset with high appreciation potential in a market with limited inventory and constant demand. INFORMATION AND PRIVATE TOURS This is not simply a historic building. It is a development opportunity in one of the most coveted locations in Old San Juan, with a legal and physical structure designed to maximize return on investment. Please feel free to contact me for any further details..

358 Calle Fortaleza | MLS# 64798

This commercial property located at 358 Calle Fortaleza, San Juan, PR 00971 is currently listed for sale with an asking price of $1,495,000. Search San Juan real estate on www.clhomes.com today.

Property Features

Property Type: Commercial - Business
Home Style: Residential
Lot Size: 0.00 Acres
Year Built: 1916

Feature Descriptions

Commercial Type: Building
Days on Site: 101
Exterior: Quiet Area
Zoning: Others

Listed By / Shown By

Listed By

Agency Name: Keller Williams Grand Homes
Agency Phone: 787-706-8400

Shown By

Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666

IDX logo

Source: Puerto Rico MLS

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