Commercial Prop C-1 for Sale On one of the best corners in Toa Baja, PR | $500,000 | MLS# 61361
Sylvia Selles Alverio Agent Photo
Sylvia
Selles Alverio
C. (787) 627-0600
P. (787) 627-0600
License #: C17343
Phone Sylvia remax-realrealtypr.com
RE/MAX Real Realty
Ave Degetau D-7 Urb. San Alfonso, Caguas PR

Puerto Rico
MLS# 61361

Details

%
Years (35 year max)
Years



AreaSábana Seca
Sub AreaSabana Seca (Barrio)
State/ProvinceToa Baja
CountryPuerto Rico
Price$500,000
Property TypeCommercial Space
Floor Space4230 Square Feet
Lot Size718.02 m²
Year Built1990
Parking10 Spaces, Open
Taxes $3,223.68
MLS® #61361

This commercial property comprises 7 units, offering a gross rentable area of 4,230 sq ft, appraised at $120.00 per sq ft. Currently, the property is 67% occupied, providing a solid foundation for potential income growth. One of the notable features includes a closed car repair shop, encompassing 1,394 sq ft, which can be repurposed or reactivated for various uses.The property includes 10 designated parking spaces, enhancing convenience for tenants and customers. The surrounding area is predominantly residential, with 75% single-family homes, 10% commercial establishments, and 5% residential units (2-4 units), alongside a low vacancy rate of 10%.Commercial activity in the neighborhood includes a mix of professional and medical offices, retail stores, fast food establishments, restaurants, and shopping malls, indicating a vibrant local economy.Additionally, the former car repair shop features a robust steel cover workshop that spans 3,087.52 sq ft, offering potential for various industrial or commercial applications. Based on the Direct Capitalization method, the property presents a Cap Rate of 9.5%, with a vacancy rate of 10%, highlighting its investment potential. This property is an excellent opportunity for investors looking to capitalize on a versatile commercial space in a thriving community. This property has been appraised as of August 2025 and is being offered "As Is" for $500,000. Don't miss out on this fantastic investment opportunity in a thriving location! The C-1 classification allows for a diverse range of uses, including: Accessory activities such as artistic performances, live music, karaoke, and DJ events (via exception). Car rentals. Retail outlets primarily focused on the sale of alcoholic beverages and entertainment (via exception). Gas stations. Automobile display and sales. Pharmacies. Funeral homes. Animal hospitals (noise-proof and with restrictions on outdoor animals). Light industries. Commercial laundries. Museums. Professional offices. Bakeries. Craft production. Renewable energy projects (via exception). Defined services as per regulations. Closed workshops for bicycle repair and household items. Sewing and embroidery workshops. Theaters. Institutional, civic, and cultural uses, provided sufficient parking space is available. Retail and wholesale sales, either individually or combined. Sale of prepared food, including alcoholic beverages. Residential use..


Listed by Hed Properties


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About

Real Estate Broker and President of Real Realty Group since 2011. Real Realty Group is a company dedicated more than a decade ago to serve as an intermediary in the sale, purchase and rental of residential and commercial properties. Our mission is to satisfy the expectations of each represented driven by our knowledge, commitment and consistency.