Map of Property

8-Story Open Layout Building in Old San Juan FOR SALE

For Sale

201 Tetuan Street, San Juan, PR 00901

This San Juan property for sale is located at 201 Tetuan Street. The current listed sale price for 8-Story Open Layout Building in Old San Juan FOR SALE is $9,500,000. 8-Story Open Layout Building in Old San Juan FOR SALE is situated on a lot that is 0.13 acre in size.

Contacts

broker

Daniel Prieto, MAI, CCIM

Christiansen Commercial Real Estate

Property Details

  • Property Type Other
  • Property Size 32,900 SF
  • Lot Size 0.13 Acre
  • Additional Rent Contact for pricing
  • Date Updated May 23, 2024
Built circa 1946, originally as the Puerto Rico corporate headquarters for the Chase Manhattan Bank. In the 1960’s the Bank offices moved to new facilities in the central business district (Hato Rey). The Old San Juan branch remained there until the bank closed operations in the 1990’s. The floors above the ground level remained as commercial office spaces until 2020 when the last tenant moved out.Located right across the street from the famous Old San Juan Banco Popular Building, and less than 400 lineal feet from the Old San Juan waterfront, which is home to the cruise ships pier receiving over 1.6 million passengers per year, this beautiful building provides endless possibilities for real estate investors looking to maximize value. Formerly the Chase Manhattan Bank corporate headquarters, the property provides an excellent large open layout configuration in each level. Whether converting to a residential condominium building, a hotel, a rental office building, or a mixed-use development, the future owner of this magnificent historic property within the highly coveted and desirable Old San Juan Sector will make the most out of this lucrative investment opportunity. Don't miss this excellent opportunity of owning a great re-development asset in this highly desirable neighborhood characterized by brightly colored buildings dating back to the 16th century surrounded by cobbled streets, recreational plazas, famous Caribbean fusion restaurants, and cool cocktail bars.

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Highlights

  • Asking Price: $9,500,000
  • Site Area: 520.20 square meters or 5,599.39 square feet
  • Zoning: C-3 (commercial)
  • Tax Code #: 040-002-054-01
  • Exempt from paying property taxes up to December 31, 2026
  • Coordinates: Lat: 18.46438768, Lon: -66.11581574
  • Gross Building Area: 32,900 square feet
  • Rentable Area: 28,810 square feet
  • Typical floor plate: Approximately 4,100 square feet
  • No. of Stories: 8
  • Ceiling Clearance: 10’ to 11’
  • Construction Materials: Reinforced concrete
  • Design / style: Mid-century modernism
  • Last Major Rehabilitation: 1990’s
  • Staircases: 2
  • Elevators: 1
  • Located in an Opportunity Zone designated area.
  • Physical condition: The building is currently vacant and is in shell condition, with operable electrical, elevator and water/waste discharge systems. All interior partitions have been recently demolished and cleared, providing for a full floor open plan configuration.

Attachments

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Location

  • City San Juan, PR
  • Neighborhood Catedral
  • Zip Code 00901

Points of Interest

  • Parada de Taxis - Plaza Las Américas

    4.00 miles

  • Martínez Nadal

    5.15 miles

  • Deportivo

    5.33 miles

  • Centro Médico

    5.71 miles

  • Universidad (Plaza Universitaria)

    5.91 miles

  • Universidad (Museo)

    5.93 miles

  • Río Piedras

    6.14 miles

  • Cupey

    6.17 miles

  • Gulf

    1.11 miles

  • Total

    1.17 miles

  • Mobil

    1.28 miles

  • Phillips 66

    1.73 miles

  • American Gasoline

    2.01 miles

  • Texaco

    2.36 miles

  • Puma

    2.40 miles

  • Ecomaxx

    2.75 miles

  • Tesla Supercharger

    3.80 miles

  • Blink

    3.92 miles

  • Estacionamiento La Puntilla

    0.12 miles

  • Doña Fela

    0.16 miles

  • Paseo Portuario

    0.22 miles

  • Estacionamiento Covadonga

    0.34 miles

  • Estacionamiento Luis A. Ferré

    0.70 miles

  • Estacionamiento Don Tello

    1.47 miles

  • Estacionamiento Municipal La Puntilla

    1.55 miles

  • Estacionamiento Municipal de La Puntilla

    1.58 miles

  • Lote Oeste

    1.61 miles

  • Multipiso de la Casa Alcaldía de Cataño

    1.68 miles

  • S.J. Suites Hotel

    0.09 miles

  • Hotel Plaza de Armas

    0.10 miles

  • Navona Studios

    0.13 miles

  • Monastery Art Hotel

    0.13 miles

  • Boveda Apartments

    0.13 miles

  • Fortaleza Guest House

    0.15 miles

  • Hotel Milano

    0.16 miles

  • Hotel Casablanca

    0.18 miles

  • La Terraza

    0.19 miles

  • Da'House

    0.20 miles

  • Marshalls

    0.06 miles

  • Supermax

    0.07 miles

  • Lalo Cash+Carry

    1.22 miles

  • Supermercado Salazar

    1.29 miles

  • Super One Foods

    1.57 miles

  • Almacen La Isla de Cataño

    1.67 miles

  • Don Goyo Mini Market

    1.70 miles

  • Super Ahorros Eliud

    1.72 miles

  • All Ways 99

    1.76 miles

  • Colmado y Carnicería Vega

    1.76 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Daniel Prieto, MAI, CCIM

Christiansen Commercial Real Estate