José M. Tartak Ave., Isla Verde Sector
- Situated in between Aire de Olive Hotel (11 floors) & Racquet Club Residential Condominium (15 floors)
- Motivated seller - Will respond to all offers
- Rare Coastal Investment Opportunity in Puerto Rico’s Premier Carolina Market
- Ideal for Luxury Condominiums, Beachfront Apartments, Hotel or Mixed-Use Project
- Beachfront: Approx. 221 Linear Feet
- Depth: Approx. 192 Linear Feet
- The total lot size is 3,971.97 SM | 42,753.93 SF | 0.97 Acres, composed of:
- Lot 4: 1,989.75 SM | 21,417.49 SF | 0.49 Acres
- Lot 5: 1,982.22 SM | 21,336.44 SF | 0.48 Acres
- Topography: Level and at Street Grade
- Zoning: RT-5 (High Density Tourist Residential)
- Coordinates: 18.44331285, -66.02236701
- Location: Beachfront @ Alambique Beach
- Access & Frontage: José M. Tartak Ave.
- Excellent access to State Roads PR-26, PR-1 & PR-22
- 6 minutes from Luis Muñoz Marín International Airport & Surrounded by Major Hotels
- Vibrant Lifestyle: Restaurants, Retail, Casinos, & Nightlife
- Two lots west from the property is the Aire de Olive Hotel, which refers to an 11-story hotel with 80 luxury guestrooms and a rooftop restaurant, occupying a 15,283.57 SF site
- Development Potential: Existing preliminary drawings for two 14-story towers, each with 19 residential units of 4BR - 5.5BA & 3 parkings, all with ocean views.
- Preliminary drawings & renders prepared by the renowned firm of LA Architects, LeFranc & Alemañy. Contact: 787-722-0494
Property Description
Will Respond to All Offers - Motivated Seller Discover an exceptional beachfront development opportunity just steps from the AIRE de OLIVE Hotel in the Isla Verde neighborhood of Carolina, Puerto Rico. Located along José M. Tartak Avenue, across the street from the Alambique Beach of Isla Verde Beach, this RT-5 zoned site is ideal for high-density tourist and residential development. This exclusive property consists of legally independent yet physically adjacent parcels, offering unmatched potential for luxury condominiums, beachfront apartments, hotels, condo-hotels, or mixed-use residential projects. Featuring level topography, approx. 221 linear feet of beach frontage, and approx. 192 linear feet of depth, the site provides ideal development conditions while ensuring excellent connectivity to Luis Muñoz Marín International Airport, Ocean Park, Condado, and historic Old San Juan. The total lot size is 3,971.97 SM | 42,753.93 SF | 0.97 Acres, composed of: Lot 4: 1,989.75 SM | 21,417.49 SF | 0.49 Acres Lot 5: 1,982.22 SM | 21,336.44 SF | 0.48 Acres Surrounded by Puerto Rico’s premier hospitality landmarks, including the Fairmont El San Juan Hotel, The Royal Sonesta, Embassy Suites, Courtyard by Marriott Isla Verde Beach Resort, Verdanza Hotel, AIRE by OLIVE, TRYP by Wyndham, and Hampton Inn & Suites San Juan, this location benefits from a robust tourism and investment appeal.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Hospitality |
| Price: | $26,000,000 |
| Opportunity Zone: | No |
| Property Website | Click Here |
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