Auction firm John Dixon & Associates his planning another major auction of real estate in Puerto Rico.
The company is holding an auction Dec. 3 of 39 properties on the island, including office buildings, homes, retail stores, land and other properties.
The auction comes after the firm’s September real estate auction in Puerto Rico.
“The market in Puerto Rico reminds me a lot of where the United States was four or five years ago,” Dixon said. “That was a great buying opportunity in the States, and a great deal of money was made by those who were astute enough to acquire real estate then.”
The auction will take place at 11 AM at the Condado Plaza Hilton in San Juan.
“We have a large number of properties throughout the northern half of Puerto Rico. We have at least a half dozen homes that would make good rental properties,” Dixon said. “We have one multi-family property, several office buildings, an 18-room hotel, and some retail stores, as well as one commercial property that was most recently a restaurant. The potential for profit or income from some of these properties is substantial.”