5451 Av. Isla Verde, Carolina, 00979 Isla Verde (Carolina, Puerto Rico, US - 00979) Built

$2,500,000
Best Location in Isla Verde

Alexandra Amador

Alexandra Amador Lic. 18147 Alexandra Amador Lic. 18147 787-607-3235 (Office) Request More Info

  • Hotel For Sale Puerto Rico
  • Type: Commercial
  • Style: Single Story
  • Bedrooms: 12
  • Bathrooms: 13
  • Garage: 15-Stalls
  • Development Level: Built
  • Lot Size: 1514 sq. m.
  • Taxes: $0.00 (1)
  • Condo Fees: $0.00

Description

Hotel For Sale Puerto Rico is located in the center of the Isla Verde Beach strip in San Juan, Puerto Rico. The land has an area of 1,514.12 square meters or16,297.852 ft² . This small hotel for sale puerto rico is one floor property, has 12 rooms and is ideal for a larger development such as a 2.5 or 3 star budget hotel. A twelve story hotel with approx. 128 rooms could be built in this zone. Tourism Tax credit could be obtained either by remodeling this property or building a new hotel. This Hotel For Sale Puerto Rico has access by a side path to the best beach in San Juan, and is located at approx. 4 minutes from the San Juan International airport. The following hotels are also located in the Isla Verde strip, San Juan Intercontinental, Ritz Carlton, El San Juan Hotel & Casino (Waldorf Astoria Collection), Verdanza Hotel (formely 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.

Hotel For Sale Puerto Rico

Site Analysis: Lot Area: 1514.12m2 (16,297.85ft2)
Zoning: RT-A: high density residential - tourist. (formerly RT-5)
Required Density: 80m2/basic housing unit. 1514.12m2/80m2 = 18.93 basic housing units

Hotel Rooms = 0.4 per basic housing unit
= 18.93 / 0.4 = 47 units (hotel rooms)

OPTION A:
Five (5) floors + underground parking structure (2 lobby/common area
floors @ 719m2 + 3 hotel room floors @ 480m2) = 2,878m2 Gross Area.
This would accommodate 47 hotel rooms on the top three floors (16
rooms per floor). (the total is 48 but the required density = 47)
OPTION B:
Ten (10) floors + underground parking structure (2 lobby/common area
floors @ 719m2 + 8 hotel room floors @ 480m2) = 5,278m2 Gross Area.
This would accommodate 128 hotel rooms on the top eight floors (16
rooms per floor). This would require a special permit for a zoning
variation. (128 units is 62% more than the allowed density)
Gross Area: 350% of Lot area. 1514.12m2 x 350% = 5,299.42m2 (57,042.48ft2)
Buildable Area: 50% of Lot area. 1514.12m2 x 50% = 757.06m2 (8,148.92ft2)
Building Height: Shall be determined based on allowable Gross Area 5,299.42m2 & Patio

size.
OPTION A: Five (5) floors @ 9’-0” per floor = 45ft high
OPTION B: Ten (10) floors @ 9’-0” per floor = 90ft high

Front Patio: Requires one (1) front patio (4m max).
Lateral & Back Patios: Requires two (2) lateral patios & one (1) back patio of 3m (min) or 1/5 of

the building height; whichever is greatest.

Required Parking: Hotels: one (1) parking space for each three (3) rooms or ‘suites’
Visitors: one (1) parking space for each five (5) basic units =3
OPTION A: 25 spaces (Additional uses will call for added requirements)
OPTION B: 67 spaces (Additional uses will call for added requirements)
Loading & Unloading Area: Requires one (1) load/unload zone for every 40 housing units.

OPTION A: Gross Area = 2,878m2
Five (5) floors + underground parking
structure. This would accommodate 47 hotel
rooms on the top three floors (16 rooms per
floor). This alternative requires NO permit
variation

OPTION B: Gross Area = 5,278m2
Ten (10) floors + underground parking structure.
This would accommodate 128 hotel rooms on
the top eight floors (16 rooms per floor). This
alternative only requires a permit variation for
higher density (47 hotel rooms allowed vs 128 proposed)
This is a variation that is consistent with other
recent hotel projects in the area (Waterclub, Ritz
Carlton, Etc...)
Puerto Rico Real Estate has a pr commercial division, with an expert team ready to find the best options available for sellers, buyers and investors, of PR real properties. For buyers, if we do not have what you want in our puerto rico business listings, we'll find, it if it exists.

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Information is deemed to be correct but not guaranteed.