901 Emajaguas 901

Description

COMMERCIAL / RESIDENTIAL WITH HIGH DEVELOPMENT POTENTIAL – MAUNABO Real opportunity for investors and developers. Located in Barrio Emajagua, Maunabo, Puerto Rico, directly on State Road PR-901 KM 0.8, with direct access from the main road and just minutes from downtown and the coastline. PROPERTY WITH DEVELOPMENT VISION + EXISTING STRUCTURES 13,620 square meters of strategically located land, ideal for residential, commercial, or mixed-use development. Key Fact: This property was previously evaluated by the Puerto Rico Planning Board for a 72-unit multifamily project, demonstrating its true development potential. Important Note: This evaluation dates back to 2009 and is not currently active, but it establishes a strong precedent for the property's development capacity. CURRENT IMPROVEMENTS The property includes existing structures: Two-level residence: 4 bedrooms 3 bathrooms Commercial structure: Former well-known restaurant in the area Both structures require full rehabilitation, creating multiple opportunities for repositioning, redevelopment, mixed-use concepts, or complete redesign. LAND DETAILS Lot Size: Approximately 3.47 cuerdas Equivalent: 146,610 square feet Equivalent: 3.37 acres Topography: Level ZONING AND CONDITIONS Zoning: R-1 Flood Zone: Zone A (98.7%) Zone X (0.2%) / ACF (0.9%) Not located in floodway LOCATION Area with active residential development Excellent visibility and accessibility Close to downtown Maunabo Minutes from the coast INFRASTRUCTURE Water available nearby Electric service available Existing road access POTENTIAL USE Residential development Multifamily project Mixed-use (residential and commercial) Strategic long-term investment Previous technical evaluation supports development feasibility, reducing risk for serious investors. FINANCING Owner financing available for qualified buyers.