Prime Beachfront Development – Isla Verde, Puerto Rico
For Sale
Marketing description
Property Description
Will Respond to All Offers - Motivated Seller
Discover an exceptional beachfront development opportunity adjacent to the AIRE de OLIVE Hotel in the Isla Verde neighborhood of Carolina, Puerto Rico. Located on José M. Tartak Avenue, just steps from the Alambique Beach area of Isla Verde Beach, this RT-5 zoned site is ideal for high-density tourist and residential development.
This exclusive property consists of legally independent yet physically adjacent parcels, offering unmatched potential for luxury condominiums, beachfront apartments, hotels, condo-hotels, or mixed-use residential projects. Featuring level topography, approx. 221 linear feet of beach frontage, and approx. 192 linear feet of depth, the site provides ideal development conditions while ensuring excellent connectivity to Luis Muñoz Marín International Airport, Ocean Park, Condado, and historic Old San Juan.
The total lot size is 3,971.97 SM | 42,753.93 SF | 0.97 Acres, composed of:
- Lot 4: 1,989.75 SM | 21,417.49 SF | 0.49 Acres
- Lot 5: 1,982.22 SM | 21,336.44 SF | 0.48 Acres
Surrounded by Puerto Rico’s premier hospitality landmarks, including the Fairmont El San Juan Hotel, The Royal Sonesta, Embassy Suites, Courtyard by Marriott Isla Verde Beach Resort, Verdanza Hotel, AIRE de OLIVE, TRYP by Wyndham, and Hampton Inn & Suites San Juan, this location benefits from a robust tourism and investment appeal.
Location Description
The Isla Verde sector of Carolina is one of Puerto Rico’s most dynamic and desirable destinations, known for its blend of convenience, tourism, and vibrant coastal living. Strategically situated just minutes from Luis Muñoz Marín International Airport, Isla Verde offers unmatched accessibility for residents and visitors alike.
As a premier hospitality hub, the neighborhood hosts some of the island’s most recognized hotels, casinos, restaurants, and entertainment venues. Isla Verde also provides a full range of amenities including fine dining, casual eateries, supermarkets, pharmacies, and retail stores, making daily life practical and convenient. Its vibrant nightlife and beachfront entertainment attract both locals and tourists year-round.
This rare beachfront parcel combines prime location, development-ready conditions, direct beach access, and sustained market demand, presenting an unparalleled investment opportunity for developers seeking a foothold in Puerto Rico’s strongest hospitality market.
Investment highlights
Highlights
- Situated in between Aire de Olive Hotel (11 floors) & Racquet Club Residential Condominium (15 floors)
- Motivated seller - Will respond to all offers
- Rare Coastal Investment Opportunity in Puerto Rico’s Premier Carolina Market
- Ideal for Luxury Condominiums, Beachfront Apartments, Hotel or Mixed-Use Project
- Beachfront: Approx. 221 Linear Feet
- Depth: Approx. 192 Linear Feet
- The total lot size is 3,971.97 SM | 42,753.93 SF | 0.97 Acres, composed of:
- Lot 4: 1,989.75 SM | 21,417.49 SF | 0.49 Acres
- Lot 5: 1,982.22 SM | 21,336.44 SF | 0.48 Acres
- Topography: Level and at Street Grade
- Zoning: RT-5 (High Density Tourist Residential)
- Coordinates: 18.44331285, -66.02236701
- Location: Beachfront @ Alambique Beach
- Access & Frontage: José M. Tartak Ave.
- Excellent access to State Roads PR-26, PR-1 & PR-22
- 6 minutes from Luis Muñoz Marín International Airport & Surrounded by Major Hotels
- Vibrant Lifestyle: Restaurants, Retail, Casinos, & Nightlife
- Aire de Olive Hotel: 80 luxury guestrooms situated on a 15,283.57 SF
- Development Potential: Existing preliminary drawings for two 14-story towers, each with 19 residential units of 4BR - 5.5BA & 3 parkings, all with ocean views.
- Preliminary drawings & renders prepared by the renowned firm of LA Architects, LeFranc & Alemañy. Contact: 787-722-0494
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