2475 Loíza Street

Description

Investment Property for Sale Anchor SeaFood Restaurant / 2475 Loza Street, Punta Las Maras, San Juan, Puerto Rico. Asking Price: $2,200,000. Location: 2475 Loza Street, Punta Las Maras, San Juan, PR. Building Size: 7,467 sq. ft. | Lot: 1,429.08 m (0.36 cuerdas). Parking: Approx. 20 spaces | Zoning: CT-1 "Comercial Turstico". Tenant: The Little Gringo, LLC 20-year lease at $18,000/month. *Property Overview Exceptional commercial opportunity in the heart of Punta Las Maras, one of the most desirable and high-traffic corridors in San Juan just steps from Isla Verde, Ocean Park, and the beach. This fully renovated, one-story Class B restaurant building features over 7,400 sq. ft. of prime space with modern finishes, high ceilings, glass faades, and dedicated on-site parking for 20 vehicles. The property now presents an attractive $2.2M investment opportunity with a stable, long-term tenant in place. *Tenant & Lease The property is currently occupied by The Little Gringo, LLC, a fine-dining seafood concept nearing completion of its full renovation. The operator wishes to remain as tenant under a 20-year NNN lease at $18,000/month, offering the buyer passive income with an established, experienced restaurateur in a proven location. *Highlights Prime location on Loza Streetminutes from Isla Verde, Condado & Luis Muoz Marn Airport. 7,467 sq. ft. renovated restaurant building (est. $878,000 in improvements). CT-1 Tourist Commercial Zoning allows for multiple hospitality uses. High visibility & steady traffic from both locals and tourists. 20 parking spaces including handicap spaces. Solid investment with 6.57 cap potential and future appreciation. *Investment Summary Asking Price $2,200,000. Lease Term 20 Years (NNN). Monthly Rent $18,000. Annual Income $216,000. Cap Rate (approx.) 6.5