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Auction Information
Auctioneer Williams & Williams 800-801-8003
Auction Date Nov 29 Auction
Location
3 Commercial Properties
Carolina, PR
Time 01:00PM
Auctioneer's Other ListingsE-mail AuctioneerAuctioneer's Web Site
Auction Listing
AuctionZip Auctioneer ID# 4423
property photo
3 Commercial Properties Carolina, PR
Auctions: 1:00 PM 11/29/2016 Nominal Opening Bid: $250,000/property, Selling Buyer's Choice. Three hotels on 11 lots located in the desirable Isla Verde (El Palmar) area of Puerto Rico, within 2-3 minutes of International Airport. Properties consist of 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. Potential alternative uses include medical building or senior living. 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. Mango Inn 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. Casa Mathiesen 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. Properties are located across from: • Banco Popular • Walgreens • Burger King • TRYP by Wyndham • Ace Rent A Car • Puma • SuperMax • Shell Quick Close Available. 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. Note: A Buyer's Premium (Buyer's Fee in WI) will apply for this property. Please see Terms of Sale for details. Broker Licenses: PR JULIA T. ACOSTA BETANCOURT. 787-895-4949. Lic.# C-10579
Sale location: Casa Mathiesen located at Lot 14 1 Street, Villa Mar Development, Isla Verde Sector Carolina, PR 00979
MapQuest map |Property Flyer

PR JULIA T. ACOSTA BETANCOURT. 787-895-4949. Lic.# C-10579




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