Puerto Nuevo flex building cuts its ask to $2.3M after a $2.05M buy
The two-story warehouse and office building at 168-198 Calle Monterrey in Puerto Nuevo, San Juan, now asks $2,300,000. Its ads showed $2,600,000 on August 12, 2026, and the lower price by October 6, 2026, a cut of $300,000, or 11.5%.
The building was first advertised for sale on December 27, 2025, at $2,600,000. Seven ads now show the $2,300,000 ask; one ad still shows the earlier price.
Three sales in under three years
The property sold for $900,000 on July 2, 2021, and for $1,300,000 on February 16, 2022. The most recent sale, for $2,050,000, was recorded on May 6, 2024.
The new ask sits $250,000, or 12.2%, above that 2024 price. The ad says the building was fully remodeled in 2024 after its purchase.
The building
The ad describes about 14,000 sq ft over two levels: a warehouse of about 7,000 sq ft with a clear height of 20 to 25 feet and a roll-up door on the first, and about 7,000 sq ft of offices on the second, including a live/work suite with 3 bedrooms and 1 bathroom. The lot measures 765 m2 (8,234 sq ft), and the tax roll classes the property as industrial.
A permit for administrative offices was filed on October 1, 2023, and one for a wholesale distribution use was filed on October 10, 2024; both are recorded as approved. The lot lies in FEMA flood zone AE.
