Shell station site on Carretera 2 in Santana, Arecibo, sells for $1,200,000 plus $200,000 in one deed, below the seller's $2,380,000 of 2018
Arecibo Service Station LLC bought the property at Carretera 2, Santana, Arecibo, from Isel, Inc. in a sale deed recorded on June 12, 2026. The deed carries $1,200,000 on one property record and $200,000 on a second record at the same site, a lot the property map puts at 2,570 m2 under the name Shell. A $1,000,000 mortgage was recorded on the property the same day.
The seller's own purchase of the site, recorded on April 2, 2018, carried a price of $2,380,000.
A service station's permits
Three permit filings are on record for the property in the past 24 months. A single permit for the Shell Santana Service Station, approved on a filing of January 24, 2025, and a single permit for the Arecibo Service Station, approved on a filing of October 7, 2026, both describe a gas station and mini market with sales of sealed alcoholic beverages, cigarettes, and motor vehicle parts and accessories on the first floor. A single permit bundles into one application the use permit, environmental compliance, fire prevention certification, sanitary license and other authorizations a business needs to operate. In the Puerto Rico Land Use Plan the lot is urban land.
Sales in Santana and Arecibo
In the Santana neighbourhood, buyers and sellers recorded 59 sale deeds in the 12 months from November 2024 to October 2025, at a median price of $80,000. In the 12 months from November 2023 to October 2024, they recorded 62 sale deeds at a median of $88,500.
Across the whole municipality of Arecibo, buyers and sellers recorded 946 sale deeds in the 12 months from November 2024 to October 2025, with a median price of $90,000. The 12 months from November 2023 to October 2024 brought 1,033 sale deeds at a median of $85,000.
