NOT LISTED FOR SALE

0 905 Calle Labra San Juan, PR 00907

-- Acre
-- Price per Acre
434 Sq Ft Lot

Last Sold December 12, 2023

Last sale price $323,000

132 Days on Market

About This Lot

As of December 2023

Pre-construction. Introducing a prime investment opportunity in the stylish Santurce district. A 434 SM site on Labra Street ready to become an urban 26-room hotel design that is sure to be the talk of the town. This is your chance to invest in a property that is perfectly positioned to capitalize on the growing art, entertainment, and cultural hub of the capital city. The 5 strory hotel design is modern and sleek, complete with a restaurant, a swanky rooftop terrace amenity level and 26 guestrooms that are conceived to cater to the needs of both business and leisure travelers. An unmatched location with easy access to all the attractions and amenities that the trendy and vibrant Santurce district has to offer. Santurce is a lively neighborhood renowned for its dynamic arts scene, captivating galleries, and thriving cultural events. Just a few minutes away from prime Condado Beach, Old San Juan historic district and Hato Rey business and financial center, this property is in the heart of it all. A unique pre-construction and shovel ready opportunity to invest in a project that is sure to appreciate as the area continues to flourish and develop. Don’t miss out on this chance to be part of the exciting growth of the Santurce district. Immerse yourself in the vibrant atmosphere and experience firsthand the allure of this unique district. Purchase includes design and architectural plans, tourism and hospitality tax incentives, potential renewable energy incentives, tax exemptions, construction budget and revenue projection report. A contractor team is ready to build it for you!

26 Rooms | 1 Restaurants | Amenity Terrace
Basement Parking Space

Last Agent to Sell the Property

Myrna Ruiz Olmo

CORCORAN PUERTO RICO Brokerage Phone: 787-565-8972 License #15636 Listed on: 07/11/2023

CORCORAN PUERTO RICO

Last Buyer's Agent

Myrna Ruiz Olmo

CORCORAN PUERTO RICO Brokerage Phone: 787-565-8972 License #15636 Listed on: 07/11/2023

CORCORAN PUERTO RICO

Property Details

Property Type

  • Land

Lot Details

  • 434 Sq Ft Lot
  • Property is zoned ZN

Utilities

  • High Speed Internet
  • Phone Available
  • Cable TV Available

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Lot Size Sq Ft: 434
  • Status: Sold
  • Ownership: Other
  • Escrow State: FL
  • RATIO Current Price By Calculate: 744.24
  • Total Acreage: Non-Applicable
  • Water Access YN: 0
  • Attribution Contact: 787-565-8972
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Living Area Units: Square Feet

Exterior Features

  • Waterfront: No
  • Road Surface Type: Asphalt
  • Water View YN: 0
  • Waterfront Feet Total: 0

Utilities

  • Utilities: BB/HS Internet Available, BB/HS Internet Capable, Cable Available, Electricity Available, Phone Available, Sewer Available
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association 2 YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Lot Info

  • Zoning: ZN
  • Parcel Number: 000000000000
  • Additional Parcels: No
  • Current Use: Other
  • Lot Dimensions: 0
  • Flood Zone Code: X

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/12/2023 12/12/23 Sold $323,000 -16.1% --
07/11/2023 07/11/23 For Sale $385,000 -- --
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: PR9101029

Stellar MLS