1310 Piñero Acquisition Corp. buys Gobernador Piñero property for $1,460,000

The deed is a sale, the contract by which a seller undertakes to transfer ownership of a property to a buyer, who undertakes to pay a set price. The seller on this one is a private party.

The lot and the buyer

The property covers 510 m2 / 5,495 sq ft of land in the Caparra Terrace development. The Puerto Rico Land Use Plan classes it as urban land, land served by roads, water, electricity and other infrastructure in areas already consolidated by building, though the class alone does not make a lot buildable. Its zoning district is C-1. The permit file shows a store selling motor-vehicle parts and accessories on the property, with a use permit approved on October 12, 2024, and a new filing that adds a service use under inspection since October 8, 2026.

The company appears on 2 other deeds recorded in the past 24 months, both of them mortgages: mortgage, $420,000, recorded December 15, 2025, in San Juan; mortgage, $1,400,000, recorded September 5, 2025, in San Juan. A mortgage is a security right over real estate that stays in the hands of the debtor or a third party and guarantees an obligation.

Sales in the neighbourhood and the city

The Gobernador Piñero neighbourhood had 601 sale deeds in the 12 months from November 2024 to October 2025, at a median price of $144,000. In the 12 months from November 2023 to October 2024 it had 695, at a median of $123,000. That points to fewer sales in the later year, at a higher median price.

Across the whole municipality of San Juan, sellers and buyers recorded 5,285 sale deeds in the 12 months from November 2024 to October 2025, with a median price of $160,000. The year before, from November 2023 to October 2024, the city counted 5,743 sale deeds and a median of $145,000. The city followed the same pattern as the neighbourhood: a quieter year for sales, with the median price higher than the year before.