Old San Juan retail property listed at $3,500,000 sells for $3,000,000
Sanse 157 LLC has bought the retail property at 157 Calle San Sebastian, Viejo San Juan for $3,000,000, in a deed recorded on August 14, 2026. The property had been advertised at $3,500,000, so it sold for $500,000, or 14.3%, below its asking price.
The buyer's name already appeared at the address. A business named Sanse 157 filed for a unified business permit there on January 13, 2023, for a restaurant with retail sales of alcoholic drinks, recorded as approved, and filed for the same use again on December 27, 2023 and December 27, 2024. A filing on December 23, 2025 lists the restaurant as the existing use and administrative offices as a proposed use, also recorded as approved.
About four years on the market
The first ad for the property appeared on August 4, 2022, at $3,500,000, and broker copies kept that price until the last of them came down on September 29, 2026, after the deed. The seller had acquired the property in a deed recorded on May 22, 1997.
The deed records 528 square metres built, which puts the price at about $5,682 per built square metre. The lot measures 542.6 square metres and lies inside the San Juan Historic Zone.
Another Old San Juan retail property, at 269 Calle San Francisco, sold for $3,000,000 in a deed recorded on January 29, 2026. With 413.2 square metres built, that came to about $7,260 per built square metre, more than on Calle San Sebastian.
