Map of Property

Golden Mile - Hato Rey Commercial Building - FOR SALE/LEASE

1058 Av. Luis Muñoz Rivera, San Juan, PR 00924

  • For Sale $8,800,000
  • Property Type Office - General Office
  • Property Size 98,227 SF
  • Units 100
  • Lot Size 0.73 Acre
  • Parking Spaces Avail. 250
  • Building Class B
  • Date Updated Feb 28, 2024
1058 Av. Luis Muñoz Rivera, San Juan, PRThis is an 8-story commercial office building, formerly the home of Fomento Cooperativo, and referred to as Golden Mile Building, consisting of approximately 100,000 square feet supported by approximately 225 parking stalls. This property is centrally located in the periphery of the Hato Rey financial district, perfectly positioned with direct access to Luis Muñoz Rivera, Ponce de Leon & Jesus Piñero Avenues, and State Roads PR-1 & PR-3, all significant traffic arteries within the downtown central business district of Hato Rey in San Juan. Whether reactivating as an office building or converting to a residential condominium building, hotel, multi-family, or mixed-use development, among others, the future owner of this asset will have strong upside potential due to the strategic location, strong demographics, and existing improvements including a solid building structure and parking garage. Another potential use with strong demand in the immediate vicinity is to reposition as student housing given its proximity to the University of Puerto Rico, Rio Piedras Campus. Don’t miss this unique re-development opportunity!Formerly the home of Fomento Cooperativo, this eight-story commercial office building in the periphery of the Hato Rey financial district is perfectly positioned for investors looking for property near the Golden Mile.

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Attachments

Highlights

  • Zoning: Commercial (C-3)
  • Flood: X (Non-floodable area)
  • Property tax id: 087-011-102-13-901
  • Building Area: 98,227 gross square feet / 92,126 rentable square feet
  • Parking: Supported by an adjacent 7-story parking garage with 225 parking stalls
  • Seller Financing: Subject to negotiation

Contacts

broker

Milton Cofresi

Christiansen Commercial Real Estate

(787) 778-7000

Location

Getting Around

  • Walk Score ®

    79/100 Very Walkable
Powered by Walk Score ®
  • City San Juan, PR
  • Neighborhood Urb. Hyde Park
  • Zip Code 00924

Points of Interest

  • Río Piedras

    0.28 miles

  • Universidad (Plaza Universitaria)

    0.41 miles

  • Universidad (Museo)

    0.42 miles

  • Universidad

    0.47 miles

  • Piñero

    0.76 miles

  • Cupey

    0.81 miles

  • Domenech

    1.08 miles

  • Centro Médico

    1.34 miles

  • Roosevelt

    1.61 miles

  • San Francisco

    1.84 miles

  • Total

    0.09 miles

  • Puma

    0.64 miles

  • Shell

    0.92 miles

  • Puma

    1.04 miles

  • Total

    1.09 miles

  • Total

    1.17 miles

  • Puma

    1.31 miles

  • Toral

    1.42 miles

  • Total

    1.44 miles

  • Shell

    1.52 miles

  • QBE Seguros

    0.07 miles

  • El Roble

    0.34 miles

  • Estacionamiento F

    0.34 miles

  • Condominio Universitario

    0.39 miles

  • Estacionamiento Policía Estatal Río Piedras

    0.39 miles

  • Estacionamiento H

    0.45 miles

  • Estacionamiento T

    0.50 miles

  • Estacionamiento C1

    0.57 miles

  • Estacionamiento B2

    0.57 miles

  • Estacionamiento B1

    0.58 miles

  • Dreams Hotel

    0.25 miles

  • Hotel San Jorge

    2.97 miles

  • Hotel Moderno

    3.07 miles

  • Hotel Bolívar

    3.07 miles

  • Hotel Metropol

    3.07 miles

  • KW Homes

    3.15 miles

  • Metropolitan Guest House

    3.17 miles

  • San Juan International Hostel

    3.24 miles

  • Jorge

    3.36 miles

  • Reino del Silencio

    3.41 miles

  • Denny's

    0.06 miles

  • Asahi Sushi Bar

    0.23 miles

  • Kamakura

    0.24 miles

  • El Gallo Fried Chicken

    0.24 miles

  • La Tripleta y el Pincho

    0.25 miles

  • El Chinchorro Criollo

    0.26 miles

  • La Esquina del Estudiante

    0.26 miles

  • Los Monkeys

    0.26 miles

  • Taquería Azteca

    0.27 miles

  • Burger King

    0.27 miles

  • Proyecto Casa San Juan

    0.31 miles

  • Colegio San Angel David

    0.32 miles

  • Escuela Ramón Vila Mayo

    0.34 miles

  • Escuela Hawthorne

    0.35 miles

  • Escuela Graduada de Planificación-UPR, Rio Piedras

    0.38 miles

  • Escuela Dr. José Celso Barbosa

    0.42 miles

  • Escuela Sotero Figueroa

    0.44 miles

  • Escuela Luis Muñoz Rivera

    0.47 miles

  • Nueva Escuela Montessori

    0.48 miles

  • Escuela Amalia Marín

    0.48 miles

  • Centro de Head Start David Casillas

    1.84 miles

  • Maternelle

    1.96 miles

  • Kolorín Day Care

    3.20 miles

  • Kolorines

    3.45 miles

  • Divino Niño Day Care

    3.46 miles

  • Centro Teras

    3.48 miles

  • Rayito de Sol Day Care

    3.54 miles

  • Ocean Park Kids

    3.55 miles

  • Roses Day Care

    3.57 miles

  • Humpty Dumpty

    3.66 miles

Frequently Asked Questions

What is the lease rate for Golden Mile - Hato Rey Commercial Building - FOR SALE/LEASE?

Rental asking rate at Golden Mile - Hato Rey Commercial Building - FOR SALE/LEASE is $4,400,000.00/YR.

What is the total square footage of Golden Mile - Hato Rey Commercial Building - FOR SALE/LEASE?

Golden Mile - Hato Rey Commercial Building - FOR SALE/LEASE totals 98,227 square feet.

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Contact Listing Broker

broker

Milton Cofresi

Christiansen Commercial Real Estate

(787) 778-7000