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Urb. Sardinera Beach Calle A, Dorado, PR 00646

$28,000,000
$1,098 per ft²
24 Bed
18 Bath
25,501 Sq Ft
2.5 Acres
Listing Office: BEYOND COMMERCIAL GROUP LLC
Image 1 of property listing at Urb. Sardinera Beach Calle A, Dorado, PR 00646Stellar MLS
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One or more photo(s) has been virtually staged. Income Generating Portfolio or Redevelopment of Land Portfolio. Discover Costa de Oro, an exclusive land portfolio in the heart of Dorado, Puerto Rico, offering an unparalleled investment opportunity for discerning developers and investors. Situated adjacent to the esteemed Dorado Beach Hotel & Resort and sharing the same beach as the Ritz Carlton Resort and Dorado Beach East, Costa de Oro is 40 feet away from beautiful beaches and a myriad of beachside activities. This exceptional portfolio comprises seven income-generating properties, presenting versatile development options with significant future potential. The properties can potentially be rezoned to CT-I parameters to maximize density and unit ratios. Envision a stunning hotel with 300 keys or a luxurious residential complex with up to 120 3-bedroom units. With its prime location and proximity to world-class dining and entertainment, Costa de Oro is poised for exponential growth. The area is a thriving hub for tourism, ensuring a steady stream of visitors and a robust return on investment. Currently, the property generates income through short-term rentals and commercial bays leased to restaurant tenants. The short-term rental portfolio includes 18 rentable units fully remolded by the current owner. Commercial spaces are fully leased by existing restaurants. Gross Building Area: Parcels A: 8,610 sq. ft. (11 short-term rental units) Parcels B: 12,467 sq. ft. (three restaurants) Parcels C: 4,424 sq. ft. (7 short-term rentals + restaurant) Image Rendering Disclaimer: The renderings presented in this MLS listing/marketing flyer are artistic representations of a potential mixed-use development. These images are intended for illustrative purposes only and may not accurately reflect the final design or features of the project. Prospective buyers and interested parties are encouraged to conduct their own due diligence and consult with professionals to verify all details and ensure the design and project meet their specific requirements. The potential unit count and zoning analysis on the flyer were provided by the owner.

Listing Agent: Phillip Faigenblat

License Number: 18456

Offered by: BEYOND COMMERCIAL GROUP LLC

Office Phone: 787-397-0458

MLS: #PR9108162

Stellar MLS

Date Added: 08/06/2024 12:00:00 am

Last Update: 08/11/2024 08:02:14 am

Days on Market: 69

Interior

  • General: Ninguno
  • Laundry: None
  • A/C: true, Mini-Split Unit(s)
  • Heating: false, None

Exterior

  • General: Balcony, Fenced, Lighting, Sidewalk
  • Pool: In Ground

Construction

  • Roofing: Cement, Metal
  • General: Concrete, Slab

Location

  • Road/Access: Asphalt
  • Originating MLS: Stellar MLS
  • County: Dorado

Lot

  • Zoning: RT-I, CT-L, 7 parcels with some existing mix use structures that total 10,135.19 square meters of land area equivalent to 2.5 acres. Individual lot descriptions can be provided by request of brokers or buying agents., 01908502726

Utilities

  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
  • Water: Public
  • Sewer: Public Sewer

Financial

  • Source: Stellar MLS

Property

  • Year Built: 1990
  • Type: Multi-Family
  • Parcel #: 01908502726
08/10/2024$28,000,000@ 1098 per ft²Listed
08/10/2024Active

Listing Broker

Francisco "Paco" Diaz Fournier
1 @
License #: C-10507
Better known as “Paco” by friends and clients, Francisco Diaz-Fournier is a professional with a big-picture focus who develops and executes strategies to succeed in a constantly changing and highly competitive real estate market environment. His core values are driven by a desire to identify the “happiness factor” of his clients and operate with the highest standards of integrity. He devoted 14 years of his professional career at Merck & Co. where he held the position of Senior Marketing Director for Puerto Rico and the Caribbean Region before making an industry leap to real estate in 2001. Whether buying or selling a home in New York, Dallas, Los Angeles, Miami or Puerto Rico, real estate acquisition and trade are intricate and sensitive processes. Paco has worked every aspect of the real estate industry in both the residential and commercial markets. He has been instrumental assisting numerous clients already relocated or considering moving to Puerto Rico under the 20/22 Acts and other tax incentive programs. His business is built on dedication, market knowledge and expertise, open communication, firm determination and trust while embodying the ability to accommodate and adjust to all of his client’s needs and preferences. Paco holds a B.S. from the University of Puerto Rico and completed a Sales/Marketing Executive Program at Wharton School of Business and Accounting/Financial Executive Program at Columbia University Business School.

Last Updated: 08/11/2024 08:02:14 am

Offered by: Phillip Faigenblat, 18456, 787-397-0458 @ BEYOND COMMERCIAL GROUP LLC

MLS: #PR9108162

Source: Stellar MLS

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