An opportunity to acquire a flagship, high-visibility commercial asset at the primary entrance of Old San Juan. 251 Recinto Sur (12,769 square feet) presents a compelling redevelopment opportunity, with the ability to deliver the building fully vacant at closing, eliminating tenant displacement risk and allowing for immediate execution. The asset is located within Puerto Rico’s Opportunity Zone and benefits from a favorable tax environment including Act 60 incentives and eligibility for Federal Historic Tax Credits, creating a structure that can materially enhance after-tax returns. The property’s scale, configuration, and location support a wide range of uses, including boutique hospitality, luxury residential, food-and-beverage, and mixed-use commercial concepts. Its position directly adjacent to the Port of San Juan, serving as the first point of contact for the district, places it within one of the highest-traffic corridors in Old San Juan, supported by consistent tourism demand and a growing base of high-net-worth residents. The combination of full vacancy, irreplaceable historic character, and a dense, supply-constrained market creates a clear path for a buyer to execute a high-quality redevelopment aligned with the district’s strongest demand drivers.
San Juan - Viejo SJ
