5451 Isla Verde Avenue, Borinquen Beach Inn Isla Verde (Carolina, Puerto Rico, US - 00979) Built

$2,500,000
Hotel in prime location Isla Verde!

Ilia Martinez & Associates

Ilia Martinez Ilia Martinez 787-548-4949 (Office) 787-640-2546 (Cell) Request More Info

  • Developable hotel near the beach with tax exemptions!
  • Type: Commercial
  • Style: Single Story
  • Bedrooms: 12
  • Bathrooms: 13
  • Garage: 15-Stalls
  • Size: 16,297 sq. ft.
  • Development Level: Built
  • Lot Size: 1514 sq. m.

Description

The Borinquen Beach Inn is located at the center of the Isla Verde strip in San Juan, Puerto Rico. This property consists of 12 units with an abundance of parking spaces next to the most desirable San Juan beachfront area. Along this same avenue, some of the biggest hotel chains are situated such as the San Juan Intercontinental, Ritz Carlton, El San Juan Hotel & Casino (Waldorf Astoria Collection), Verdanza Hotel (formerly the San Juan Holiday Inn), Hampton Inn, Embassy Suites Hotel, Trip Hotel, Courtyard by Marriott at Isla Verde Beach, The San Juan Water Club, and ESJ Tower. This lot has an area of 1,514.12 square meters. Perfect for developing a hotel with occupancy of about 125 units in an approximately twelve stories high building (with a variation code). The Puerto Rico Tourism Company also offers tax credits as an incentive for the development of new construction or remodeling, as well as tax exemptions for this specific property.

• Annual Gross Sales $340,000-$384,000
• Municipal Patent, CRIM, and Income Taxes are 90% tax-exempt
• Personal and Corporate tax incentives are transferable

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Information is deemed to be correct but not guaranteed.