$1,025,000 lease deed recorded on a gas-station property on Carretera 111 in Lares
A lease deed for a property at 40 Carretera Profesor Enrique A. Laguerre, the Carretera 111, in Lares was recorded on May 15, 2026 with a recorded amount of $1,025,000.
A lease of real estate can be entered in the Property Registry, which the registry law allows for leases of six years or more or when the parties agree.
A gas-station site
Permit records at the address, Carretera 111 Km 23.3, include a use permit for a gas station and another for a mini market with sales of sealed alcoholic beverages. An auto-parts business, El Auto Parts de los Pobres, had a single permit approved there in January 2024 and filed a new single permit on January 27, 2026, describing itself as established in Lares for more than 15 years; that filing is incomplete. Earlier lease deeds on the property were recorded in March 2015, and a lease assignment in September 2023.
The lot covers 821 m2. The Puerto Rico Land Use Plan classifies it as common rural land, land kept out of urban development but open to non-urban activities such as farming, quarries, heavy industry and infrastructure, and its zoning district is AD.
Sales in Lares
In the Lares neighbourhood, buyers and sellers recorded 30 sale deeds over the 12 months from November 2024 to October 2025, at a median price of $57,500. In the 12 months before that, from November 2023 to October 2024, the neighbourhood recorded 50 sale deeds at a median of $75,500.
Across the whole municipality, sale deeds numbered 222 in the 12 months from November 2024 to October 2025, against 283 in the 12 months from November 2023 to October 2024. The median sale price was $65,000 in both years.