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Mike McCarty
Real Estate Broker
Lic. #11386

P.O. Box 807
Culebra, Puerto Rico 00775

1.866.CULEBRA (285-3272)

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Pedro Marquez Street mixed use commercial/residential building

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Property Address  Pedro Marquez Street
Property Location  Town of Dewey, Culebra, Puerto Rico
Type of Property   Commercial Property
Lot size  263 square meters
Indoor area  5538 square feet
Balcony/Patio area  
Specifics (# bedrooms/#bathrooms)  To schedule a showing E-Mail or text 787-398-3174
Air conditioning   Yes
Type of construction  Concrete
Year built  1980
Utilities  City water, electric and sewer
Furnishings  Furnished rental apartments
Kitchen equipment  Fully equipped kitchens in the 1 bedroom and 2 bedroom apartments, Microwaves and half refrigerators in the Studio apartments
Laundry facilities  Yes, central facility for rental apartments
Parking  On street
Form of Ownership  Titled
Mortgage  No
Hazard Insurance/Storm Preparedness  Corrugated storm shutters
Property Taxes  $2200 per year
Maintenance fees  None
Protective Covenants  None
Easements  None
Zoning  Commercial
Reason for selling  
Asking Price  $749,000
Additional comments  This multi-use commercial building is located in the center of the town of Dewey, the only town on the beautiful island of Culebra, Puerto Rico. The building is an excellent investment for short term income and long term appreciation. The property is zoned commercial and currently has 6 operating commercial offices and a retail store. The remainder of the building consists of 4 rental apartments which can be either leased long term or rented as short term Vacation rentals. Two of the apartments are Studio apartments. The third apartment is a 1 bedroom apartment with a 450 square foot covered balcony. The fourth apartment is a 2 bedroom apartment. All commercial spaces and rental apartments have strong rental histories thus making this property an excellent investment.
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