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Lot located on the beach in the exclusive Ocean Park section of San Juan, conveniently located between the Isla Verde/Luis Munoz Marin Int'l Airport and charming, historical Old San Juan. Minutes away from the Condado district. A boutique hotel with or without efficiency units on this site would appeal to the island vacationer who does not want to stay at a cookie-cutter island resort. It also lends itself favorably to a timeshare facility.
Income, property and municipal tax exemptions are available up to 90%. Municipal construction and sales tax up to 100%.
Guesthouse and liquor licenses are presently in effect, a guesthouse with a restaurant/bar having been successfully operated there for many years.
The Puerto Rico Tourism Company recently endorsed a preliminary project that our architect designed of a three level, 20 studios and 5 suites (double rooms) for a total of 30 rooms, each with private bath and kitchenette. On the right side of the ground floor it will have a covered terrace with unobstructed view of the beach from the street which can be used as dining, entertainment area. The left side will have 11 parking spaces.
If this property is of interest to you, you may contact me at 908-850-5043.

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