UPDATED:
Key Details
Property Type Commercial
Sub Type Restaurant
Listing Status Active
Purchase Type For Sale
Square Footage 7,467 sqft
Price per Sqft $294
MLS Listing ID PR9116974
HOA Y/N No
Year Built 1970
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type Restaurant
Source Stellar MLS
Property Description
Asking Price: $2,200,000.
Location: 2475 Loíza Street, Punta Las Marías, San Juan, PR.
Building Size: 7,467 sq. ft. | Lot: 1,429.08 m² (0.36 cuerdas).
Parking: Approx. 20 spaces | Zoning: CT-1 “Comercial Turístico”.
Tenant: The Little Gringo, LLC – 20-year lease at $18,000/month.
*Property Overview
Exceptional commercial opportunity in the heart of Punta Las Marías, 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 façades, 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 Loíza Street—minutes from Isla Verde, Condado & Luis Muñoz Marín 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 6.5–7 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
Location
State PR
County San Juan
Area 00913 - San Juan
Zoning CT-1
Interior
Cooling Office Only, Central Air, Humidity Control, Mini-Split Unit(s)
Flooring Ceramic Tile
Exterior
Utilities Available Electricity Available, Natural Gas Available, Public
Roof Type Cement,Concrete
Building
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block,Cement Siding,Concrete
New Construction false
Others
Ownership Corporation
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/PR9116974
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