5451 Isla Verde Avenue, Borinquen Beach Inn
Isla Verde
(Carolina,
Puerto Rico,
US -
00979)
Built
$2,500,000
USD
Hotel in prime location Isla Verde!
- Developable hotel near the beach with tax exemptions!
- Type: Commercial
- Style: Single Story
- Bedrooms: 12
- Bathrooms: 13
- Garage: 15-Stalls
- Size: 16,297 sq. ft.
- Development Level: Built
- Lot Size: 1514 sq. m.
Description
The Borinquen Beach Inn is located at the center of the Isla Verde strip in San Juan, Puerto Rico. This property consists of 12 units with an abundance of parking spaces next to the most desirable San Juan beachfront area. Along this same avenue, some of the biggest hotel chains are situated such as the San Juan Intercontinental, Ritz Carlton, El San Juan Hotel & Casino (Waldorf Astoria Collection), Verdanza Hotel (formerly the San Juan Holiday Inn), Hampton Inn, Embassy Suites Hotel, Trip Hotel, Courtyard by Marriott at Isla Verde Beach, The San Juan Water Club, and ESJ Tower. This lot has an area of 1,514.12 square meters. Perfect for developing a hotel with occupancy of about 125 units in an approximately twelve stories high building (with a variation code). The Puerto Rico Tourism Company also offers tax credits as an incentive for the development of new construction or remodeling, as well as tax exemptions for this specific property.
• Annual Gross Sales $340,000-$384,000
• Municipal Patent, CRIM, and Income Taxes are 90% tax-exempt
• Personal and Corporate tax incentives are transferable
Brokered and Advertised by :
Ilia Martinez & Associates
Population
Total population
|
15,897
|
Male population
|
7,784
|
Female population
|
8,113
|
Median age
|
48.80
|
Median age (male)
|
47.10
|
Median age (female)
|
51.10
|
Marital status (Number of people who have the following marital status)
Never married
|
5,120
|
Married
|
5,280
|
Separated
|
420
|
Widowed
|
1,077
|
Divorced
|
3,024
|
Population by age
Under 15
|
1,396
|
Age 15 to 24
|
1,641
|
Ages 25 to 44
|
4,043
|
Ages 45 to 64
|
5,242
|
Age 65 and over
|
3,575
|
Population mobility
Live in the same house as 1 year ago
|
0
|
Moved from abroad
|
0
|
Moved from a different state
|
0
|
Moved from the same county
|
0
|
Moved from the same state
|
0
|
Population by poverty level
Above poverty level
|
0
|
Below poverty level (daily income under $1.90/day)
|
0
|
Employment
White collar
|
6,980
|
Blue collar
|
1,037
|
Class of worker
Self employed
|
1,510
|
Private company
|
4,438
|
Not for profit company
|
528
|
Government workers
|
1,541
|
Households
Total households
|
8,069
|
Family households
|
3,649
|
Non-family households
|
4,420
|
Households with children
|
1,216
|
Households without children
|
6,853
|
Average people per household
|
1.96
|
Education (Number of people who have achieved the following levels of education)
No high school
|
778
|
Some high school
|
3,350
|
Some college
|
3,124
|
Associate degree
|
1,513
|
Bachelors degree
|
3,928
|
Graduate degree
|
Not available
|
Income/Financial
Average household income
|
$60,134
|
Median household income
|
$36,270
|
Median income under 25
|
$33,901
|
Median income 25-44
|
$45,795
|
Median income 45-64
|
$39,524
|
Median income over 65
|
$25,055
|
Housing occupancy
Housing units
|
12,356
|
Occupied housing units
|
8,069
|
Owner occupied units
|
5,383
|
Renter occupied units
|
2,686
|
Median housing costs per month
|
$836
|
Median gross rent per month
|
$876
|
Housing by year built
Year built median
|
1973
|
Built before 1939
|
32
|
Built between 1940 and 1949
|
361
|
Built between 1950 and 1959
|
1,204
|
Built between 1960 and 1969
|
2,954
|
Built between 1970 and 1979
|
5,303
|
Built between 1980 and 1989
|
1,437
|
Built between 1990 and 1999
|
608
|
Built between 2000 and 2009
|
437
|
Built after 2010
|
20
|
Housing mortgage situation
Houses with mortgage
|
3,021
|
Houses without mortgage
|
2,362
|
Median value with mortgage
|
$164,200
|
Median value without mortgage
|
$188,400
|
Demographic data shown in this section was gathered from the 2019 American Community Survey and is deemed reliable but is not guaranteed. No representation, guarantee or warranty is made as to the accuracy or completeness of information modified or aggregated for specific neighborhoods and/or zip codes.
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Information is deemed to be correct but not guaranteed.