Large-Format Mixed-Use Redevelopment

An opportunity to acquire a large-format, high-visibility commercial asset in the core of Old San Juan. 301 San Justo (16,984 SF) offers a compelling redevelopment opportunity with one of the largest contiguous building footprints in a market defined by small floor plates and fragmented ownership. The property can be delivered vacant at closing, as the ground floor tenant operates on a month-to-month basis, allowing immediate repositioning or redevelopment. The upper floors are in shell condition, providing a clean slate without the cost of removing prior buildouts. The asset features approximately 12-foot ceiling heights, a consistent structural grid, and a penthouse level with private balcony and bay views, supporting boutique hospitality, residential, or mixed-use concepts. Floor plans are available showing a potential STR or apartment conversion. Located within walking distance to the Port of San Juan, the property benefits from over 1.6 million annual cruise passengers, driving consistent tourism-based foot traffic along one of Old San Juan’s most active corridors. Eligible for Federal Historic Tax Credits, Act 60 incentives, and Opportunity Zone benefits, offering potential improvement to project economics. A rare combination of scale, location, and flexibility in a supply-constrained market.