206 San Justo Street, Old San Juan, Puerto Rico

$6,300,000.00

Property Description

206 San Justo Street, Old San Juan, Puerto Rico

 The property is located on the corner of Fortaleza & San Justo Street on the main shopping street of Fortaleza. Commercial space rented to Diamonds International. 3 floors above that can be used for a hotel space and a large rooftop with bay views.

 1) Retail space: 4,289 sq ft (3,299 sq ft plus 990 sq ft mezzanine)

2) Hotel Space:
     a) 1st fl Entrance 600 sq ft
     b) 2nd fl 2,992 plus elevator stairs and patio 473 sq ft = 3,465 sq ft
     c) 3rd fl 3,586 sq ft plus elevator and stairs 298 sq ft = 3,884 sq ft
     d) 4th fl 3,233 sq ft plus elevator and stairs 298 sq ft = 3,477 sq ft 
     e) Roof Top: 3,552 sq ft
Total Hotel Space: 14,978 sq ft

Total net of building: 19,267 sq ft

206 San Justo 30 Rooms Hotel Schematic Design Cost Estimate

The property has existing approved permits to develop a 30-room hotel, making it a prime investment for hospitality operators, developers, or hospitality franchisors looking to capitalize on Old San Juan’s vibrant tourism scene.Not only does this property boast an excellent location, but it also presents a turnkey development opportunity with approved permits for hotel expansion. Whether for immediate use or future development, this is a rare offering in one of Puerto Rico's most iconic neighborhoods.