Rg Engineering Inc. pays $1,125,000 for 1107 Avenida Ponce de León in Santurce, 3.3 times its 2023 price
Rg Engineering Inc. has bought the property at 1107 Avenida Juan Ponce de León, Santurce, San Juan, from 1107 Ponce de Leon LLC for $1,125,000. The sale deed was recorded on May 19, 2026. The building has 300 m2 of floor area on a 444 m2 lot zoned ZU-G3, which puts the price at $3,750 per m2.
The seller paid $340,000 for the property on March 29, 2023. The new price is 3.3 times that.
The permit on file
The property has one permit filing on record in the past 24 months: a single permit filed on May 5, 2025, for a grocery store and restaurant with retail sale of alcoholic beverages, cigarettes and three adult entertainment machines. A single permit bundles the use permit and the other authorizations a business needs to operate.
What sold on the avenue
Three other commercial properties on Avenida Ponce de León in Santurce have sold since 2025. Number 1075 sold for $1,300,000 on September 9, 2026, with 475 m2, about $2,737 per m2. Number 1058 sold for $1,704,000 on May 28, 2026, with 579 m2, about $2,943 per m2. Number 1057 sold for $2,300,000 on October 6, 2025, with 1,209 m2, about $1,902 per m2.
