62702, Multifunctional Building in a Prime Area: Perfect for Visionaries For sale

Description

This multifunctional building in a PRIME location is an exceptional opportunity for visionaries, developers, and investors seeking a true hidden gem with unlimited potential in one of the most strategic and high-traffic areas of downtown Mayagüez. Located within walking distance of the city’s most important points—City Hall, renowned hotels, iconic restaurants, established businesses, and major multimillion-dollar developments—this three-story building offers over 3,800 square feet of versatile space. It features a third floor with a rare and valuable amenity in the urban core: an ocean view, making it highly attractive for future tenants, residents, or high-end projects; two spacious apartments on the second and third levels, each with 3 bedrooms and 2 bathrooms, ideal for long-term rentals, student housing, Airbnb, or upscale urban residential redevelopment; and a first level with two commercial units perfect for retail, professional offices, cafés, creative studios, storage, or a strategic mixed-use concept. The 178 m² lot is optimally utilized with a solid, well-positioned structure that offers immediate access to economic activity zones, nightlife, government offices, and new investment areas. This property is ideal for long- or short-term rental projects, commercial use, mixed-use development, or exclusive urban concepts with ocean views—all while maintaining low operational costs thanks to an accessible CRIM of $1,047.10 per semester. Coordinates: 18.20021692, -67.13897774