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Celf Real Estate
Celf Real Estate |
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| Ramon Ferreira |
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Email Ramon |
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Cell: |
787-460-4388 |
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Fax: |
787-728-5523 |
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Address:
1121-1123 Vieques St. & 62 Luisa St.
Type: Commercial
Style:
Lot Type: Irregular
Lot Size:
1352sq. m.
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Privileged location in the Condado sector --one of the most important tourist areas in P.R.-- between Magdalena Ave. and Baldorioty de Castro Expressway.
Condado is a well established residential, tourist and commercial neighborhood and has historically represented a very positive market for high-rise residential condominium units, enjoying good demand levels. The surrounding amenities and supporting neighborhood facilities blend into a very attractive residential location. Apart from tourism, the area's high population density concentration provides for a sustained level of effective commercial demand.
The L shaped "lot" is actually comprised by three adjacent/bounding properties providing a total of 1,351.88sm. of land area. The $4M value confirmed by appraisal considered the three properties as a single site. The site enjoys a dual residential (R) and commercial/tourist (CT) zoning classification.
Two of the adjoining properties face Vieques St. and the third one's entrance is by Luisa St.
Just one block away is the soon to be completed Condado Lagoon passive park and corresponding pedestrian walkway by the lagoon.
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Information is deemed to be correct but not guaranteed.
