This is an unique opportunity to acquire an Institutional one story building, with a Total Construction area of 10,015 square feet (hereinafter referred to as '2), 12 feet high, poured concrete and concrete blocks; built in 2003. The site consists of a single platted parcel of land that comprises a superficial area of 2.901 “cuerdas” (11,411.67 square meters). It is level and rectangular. All utilities services are available. It has adequate drainage and enjoys frontage to a municipal road that connects to State Road PR 110 at kilometer 7.3.
The main building is divided into entrance hall, atrium, fifteen (15) classrooms, two (2) offices, laboratory room, library, storeroom, cafeteria-dining room, and two (2) "Foyers", one at each end of the building. It contains a 236'2 hall, 672'2 of "Foyer-Canopy" and a Lounge of Snacks area of 672'2. Building, with open space of 672'2 roofed in concrete. It has three (3) bathrooms. It has terrazzo tiles.
The construction area of the pool is 672'2 and contains two (2) bathrooms, shower area, machine room and warehouse. Floor has ceramic tiles. In this area there are two (2) gazebos with metal roofs with areas of 754'2 (56 'x 14') and 224'2 (16 'x 14'), respectively.
Other improvements include pool, 114 'x 60' basketball court, with 23-foot-high ceilings and 135'2 bathroom structure. Also the property includes septic tanks, landscaping, chain link perimeter fence, asphalt paved parking, lighting, surveillance cameras, alarms and signage. 110V and 220V electricity. The electrical transformer in the pole is 100 Kva.
General Development within the neighborhood consist of several industrial, commercial and residential developments. Commercial businesses include restaurants, bakeries, retail, shopping centers, gyms and gas stations. Also, various touristic and/or recreational sites can be found for example, golf course, tennis course, beaches, skate parks, walking trails, museums, water parks and more. Most of these Residential dwellings are located within close proximity of the subject.
This property was designed and built, since its origins, for a private bilingual school operation, which existed for 19 consecutive years. It was closed in May 2017 due to owner retirement. The school operation was very successful and the building has been well maintained ever since. Hurricane María (September 20, 2017) had practically no effect over this solid facility; only minor cosmetic repairs are needed.
Best and Highest Uses for this property:
• Private College
• University Regional College
• Technical College
• Elderly Home
• Day Care
• Juvenile Center for Therapy or Recovery
• Medical Recovery Center
• Convection Center
• Multiple Service Spa and Beauty Center