690 Los Naborias Street, Vega Alta, PR 00692

Property Description

Price Improvement | Vega Alta | Very clsoe to Dorado Rare RT-I Zoned Opportunity in Vega Alta — Minutes from Dorado | Land, Mixed-Use Space & Residential Potential List price reflects the full real estate value of a mixed-use RT-I-zoned property totaling approximately 6,000 sq. ft. across both levels, including first-floor commercial/event space and a second-floor residential unit. The residential area is approximately 1,300 sq. ft. Price is supported by a recent appraisal. Motivated Seller! Priced below appraisal value. The kind of property serious investors and visionary buyers recognize immediately — and move on quickly. Located in Alturas de Vega Alta, just off PR-690 with direct access to PR-22, this RT-I zoned property sits at the edge of Dorado's expanding tourism and residential corridor — one of Puerto Rico's most active real estate markets. Known locally as Calle Los Naborias, the lot offers generous space with ample parking, outdoor development possibilities, and room for future expansion. The Property Mixed-use structure with commercial/event-style space on the first level and a residential component on the second. The first floor features approximately 5,099 sq. ft. of open activity space, a kitchen/warehouse area of roughly 638 sq. ft., two half baths, and an open terrace of approximately 1,085 sq. ft. The second-floor residential area offers ocean views and requires substantial rehabilitation, including the roof membrane, ceilings, windows, interior finishes, and structural improvements throughout. Sold strictly as-is. Buyers should conduct full due diligence and independently evaluate the renovation scope and redevelopment feasibility. Why This Location Matters Vega Alta borders Dorado directly, and Dorado's growth is no longer a projection; it is actively happening. Luxury development, tourism expansion, and rising short-term rental demand continue transforming this corridor into one of Puerto Rico's strongest investment and redevelopment markets. RT-I Zoning Zoned RT-I (Residential Tourist Intermediate), this property may allow a range of residential, tourism-related, and limited commercial uses subject to applicable regulations. Potential permitted uses may include single-family residence, guest house, short-term rental, bed & breakfast, villa turística, hospitality concepts, and other mixed-use opportunities. Buyer is solely responsible for independently verifying all permitted uses, zoning compliance, and redevelopment potential. Key Highlights RT-I zoning with flexible redevelopment potential Large lot with ample parking and expansion possibilities First-floor mixed-use layout with kitchen, activity space, and terrace Second-floor residential component with ocean views — value-add opportunity Strategic access: PR-690 / PR-22, minutes from Dorado Sold at recent appraisal value — motivated seller open to reasonable offers Real estate only; business name and operations not included Proof of Funds required prior to scheduling a showing. By appointment only.