955r Río Grande, Puerto Rico 00745

Great investment opportunity for developers! The property consists of 3 beautiful parcels of approximately 174 acres located close by 3 of the best resort on the northeast cost of Puerto Rico, St Regis Bahia, Hyatt Regency Grand Reserve and Wyndham Grand Rio Mar. The owners have preliminar project proposals presented to the planning and permit agencies for the following projects: (1) 30 lots of 800 sq.m. each for single family residences. (2) 542 apartments of 1,500 sq.ft. GLA, (3) 12 lots of minimum 600 sq.m. each, and (4) a recreational park of 13 acres connecting partially with the spectacular 3 miles long “Espíritu Santo” River. The site offers dramatic views to the Atlantic Ocean, Coco Beach Grand Reserve and Golf, and El Yunque National Rainforest. Short drive to the beach (5min.), El Yunque rainforest (20min.), San Juan (35min.). Zoning: CR & PR. Classification SREP-E & SREP-A. Tax incentives may apply. Please call for a private appointment!