179 AVE JOSE DE DIEGO , Arecibo, PR 00612

Commercial Investment Opportunity – Three-Building in Downtown Arecibo

Located in the historic Downtown Arecibo, three commercial buildings located at José de Diego Avenue, one of the main commercial corridor in the area. A unique opportunity for investors, developers or owner seeking income producing assets with redevelopment potential.

Sale Price: $975,000 – Sold As-Is
Addresses: #179, #181, and #183 José de Diego Avenue, Arecibo, Puerto Rico

Property Overview

Total Buildings: Three (3) commercial buildings

Total Building Area: Approx. 19,112 sq. ft.

Zoning: Commercial (C-1 and C-2)

Flood Zone: Zone X (Non-Flood Area)

Annual CRIM Property Taxes: $12,420 (for all three properties)

Building #1 – Development Opportunity

179 José de Diego Avenue

Structure: 3 levels

Building Area: 8,824 sq. ft.

Lot Size: 542.18 m²

Zoning: Commercial C-2

Flood Zone: Zone X

Property Notes:

Currently vacant

Requires renovation and rehabilitation

This building presents significant development potential for commercial, office, mixed-use or residential conversion.

Buildings #2 & #3 – Income-Producing Asset

181–183 José de Diego Avenue

Two adjacent commercial buildings currently leased, providing stable rental income.

Structure: 3 levels

Total Building Area: 10,288 sq. ft.

Lot Size: 542.18 m²

Zoning: Commercial C-1

Elevator: Yes

Roof: Recently treated (2024)

Additional Features:

Water cistern

Electrical substation located on the rooftop

Leasable Area: Approx. 8,200 sq. ft.

Investment Highlights

? Prime location in Historic Downtown Arecibo
? Elevator and recently treated roof in the income-producing property
? Non-flood zone (Zone X)