Quality Business, Inc. pays $1.4 million for 1541 Avenida Ponce in El Cinco, $520,000 below its 2006 price
Quality Business, Inc. bought the property at 1541 Avenida Ponce, El Cinco, San Juan, 00926, from Pier Property Management Inc. for $1,400,000, in a sale deed recorded on April 24, 2026.
The seller had bought the same property for $1,920,000 in a deed recorded on June 30, 2006. The 2026 price is $520,000 lower, a drop of 27.1%.
The building and its permits
The tax roll classes the property as retail, with 1,776 m2 of built area on a lot of 1,886 m2. The sale works out to $788 per m2 of built area. The Puerto Rico Land Use Plan classifies the lot as urban land, and its zoning district is C-2.
The buyer's own project at the address had a single permit approved on May 11, 2026, and a general permit for electricity generators approved on June 2, 2026. A single permit bundles in one application the use permit, environmental compliance, fire prevention certification, sanitary license and other authorizations a business needs to operate.
A second project at the address, an establishment for transportation services with an administrative office, filed two single-permit applications on August 21, 2026: one was approved and the other is incomplete.
