1058 Ponce de León in Santurce sells for $1,794,000 with the lot behind it, after two years on the market
The commercial building at 1058 Avenida Ponce de León in Santurce, San Juan, and the empty lot behind it at 1091 Calle Fernández Campos sold together for $1,794,000 in a deed recorded on May 28, 2026. The buyer is 1058 Ponce de Leon Medical LLC. The seller, 1058 Pdl Ozf LLC, had owned both since 2022. The tax roll splits the price: $1,704,000 for the building, 579 m2 of floor area on a 574 m2 lot, and $90,000 for the 452 m2 lot, which has no structure on it. Both are zoned ZU-G3.
Two years on the market, 21% below the asking price
The building had been listed for sale since June 2024 at $2,260,000, described as a 1,057 m2 commercial building on a 1,020 m2 lot. The deed came in 21% below that ask. The listing was still shown as active on October 21, 2026, five months after the sale.
The seller paid $1,000,000 for the same two properties on March 30, 2022: $950,000 for the building and $50,000 for the lot. The 2026 price is 79% higher.
Financed above the price
Four mortgages were recorded on the two properties the same day as the sale: two on the building, for $1,561,390 and $1,124,780, and two on the lot, for $216,860 and $156,220. Together they come to $3,059,250, 1.7 times the purchase price and $1,265,250 more than the price on the deed.
What comes next
No construction permit has been filed on either property since the sale. The building's permit file holds two old permits for a credit-union office, with no date on record, and two single-permit requests in the name 1058 PDL: one archived on July 31, 2024, and one for an administrative office building for professional services, filed on November 24, 2025, then deleted. A single permit, the permiso único, bundles the use permit and the other authorizations a business needs to operate at one address.
What commercial property in Santurce asks and sells for
On October 22, 2026, 194 commercial properties were listed for sale in Santurce at a median asking price of $950,000 and a median $2,213 per m2, and 45 offices at a median $830,000 and $3,050 per m2. On the tax roll's 579 m2, the building's $1,704,000 share works out to $2,943 per m2. Two commercial buildings nearby sold in the past year: 1073 Avenida Ponce de León, 87 m away, for $2,700,000 on September 9, 2026, with 454 m2 of floor area, about $5,943 per m2; and 1015 Avenida Roberto H. Todd, with 1,993 m2, for $2,900,000 on December 4, 2025, about $1,455 per m2.