$1,200,000
Pending · 535 days on market · MLS# MFRPR9107835
| Lot size | 0.1 acres |
|---|---|
| Year built | 1978 |
| Property type | Hotel/Motel |
| Waterfront | Yes |
| County | San Juan |
Residential Property – Currently Operating as a Licensed Hostel Located in the heart of Ocean Park, one of San Juan’s most desirable beachside neighborhoods, this unique residential property offers exceptional flexibility and income potential. The property is currently operating as a licensed hostel, with permits in place for short-term lodging and alcohol sales. Ideally situated between Loíza and McLeary Streets, just steps from Walgreens, Kasalta Café, Pirilo Pizzería, and the beach, the location is highly walkable and sought after by residents and visitors alike. The property consists of two solid two-story concrete buildings with approximately 3,670 sq ft of interior space on a 461 m² lot. The layout includes 10 bedrooms and 9 bathrooms, multiple kitchens, dining areas, common living spaces, a reception area, laundry facilities, and outdoor terraces. While presently operated as a hostel, the property is being listed as residential and may also be suitable for use as a large single-family residence, multi-generational home, or residential property with guest accommodations, subject to buyer’s intended use and applicable permits. This is a rare opportunity to acquire a substantial residential property near the beach with established operational history and strong upside potential.
Listing courtesy of Natalia Colon Bernard, NATALIA COLON BERNARD. Presented by MC Homes Realty Inc · 727432218.