Real Estate Auction.
3 Commercial Properties
Three hotels located in the desirable Isla Verde (El Palmar) area of Puerto Rico,
within 2-3 minutes of International Airport.
Properties consist of the
The Casa Mathiesen, a 30-room hotel with pool, restaurant, popular bar and retail.
The Mango Inn consists of 42 rooms and also has a pool.
The Green Isle Inn consists of 17 guest rooms in three buildings with dining area and bar.
There is also a billboard which produces income with this property.
Hotels sell individually.
The Mango Inn currently is not operating.
These properties present the opportunity for redevelopment in a highly desired area of Puerto Rico.
Property is located in high traffic tourist area only a few minutes from airport, beach, major restaurants and hotels.
Separate corporation containing liquor licenses will auction as well.
Improved 16,232+/- sf (1508.56 SM) site formed by the grouping of four adjacent lots (lots 16, 18, 20, and 22).
The site is improved with a small inn comprising of 42 guest rooms distributed
among four mix concrete-aluminum roof buildings totaling 13,647+/- sf (1,267 SM) of gross area.
The inn includes a lobby with an administration office, reception, game room, gym, and laundry facilities.
Additional features and site improvements include a swimming pool, aluminum terraces, fences,
security iron grills, paved areas used for surface parking and traditional utility connections.
Improved 16,447+/- sf (1,528.27 SM) site formed by the adjacent but individually
recorded lots of 4,639+/- sf (431.30 SM), 7,664+/-S sf(711.68 SM) and 4144+/- sf (385.20 SM).
The site is improved with a small inn consisting of 30 guest rooms distributed among
five-concrete building totaling 9,682+/- sf (899 SM) of gross area.
Additional features and site improvements include retail space, a swimming pool, pool bathrooms, porches,
terraces, fences, security iron grills, paved areas used for surface parking, a concrete staircase, and traditional utility connections.
Green Isle Inn
Improved 15,274+/- sf (1,419 SM) site formed by three adjacent but
individually recorded lots of 4,057+/- sf (377.14 SM), 4,671+/- sf (433.83 SM) and 6,544+/- sf (608 SM).
The site is improved with a small inn consisting of 17 guest rooms distributed
among three-concrete building totaling 6,282+/- sf (583.62 SM) of gross area.
The inn includes a lobby with an office-reception-store area, dining area with bar and kitchen,
and laundry facilities. Additional features and site improvements include a swimming pool,
aluminum terraces, fences, security iron grills, paved areas used for surface parking and traditional
utility connections. An advertising billboard is located on the premises leased on a month-to-month basis.
Buyer can save title/closing costs by paying in full (including any buyer paid fees) on day of sale.
See property specific Disclosures for details.
Nominal Opening Bid: $250,000/property, Selling Buyer's Choice
Open to the Public: 11-2pm Friday Nov 11 & 18
Auctions: 1pm, Tue Nov 29 at Casa Mathiesen located at Lot 14 1 Street,
Villa Mar Development, Isla Verde Sector, Cangrejos Arriba Ward, Carolina, PR
Buyer's Premium May Apply.
Asking Price Available On Request
Sales Available On Request
Profit Available On Request
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