372 CALLE FULLADOZA, CULEBRA, PR, 00775

This is a rare opportunity to acquire Culebra’s most iconic waterfront restaurant, the famous Dinghy Dock! A truly irreplaceable commercial asset in one of Puerto Rico’s most sought-after island destinations. Situated on the waterfront of Ensenada Honda, this all-concrete landmark building has served the Culebra community, visiting boaters, and tourists for decades. Seating up to 100 diners at a time, customers arrive by boat, dinghy, kayak, and on foot, an experience no other dining destination on the island has. Tables are in demand daily, with a waitlist that speaks for itself. This sale includes the real estate property, all furniture, fixtures, and commercial kitchen equipment. The transferable liquor license adds significant standalone value in a market where new licenses are difficult to obtain. Beyond the restaurant, the property delivers multiple active income streams. An art and jewelry boutique occupies one of the upper-level commercial spaces, bringing additional retail traffic to the property. A fully operating Airbnb unit with a private deck and stunning ocean views provides short-term rental income. An additional commercial space is currently vacant and ready for a new tenant, offering the incoming owner immediate opportunity to expand. This is a turn-key acquisition for an owner-operator or investor seeking an established, iconic restaurant anchored by multiple operating revenue streams in a high-traffic island tourism market. The property is equipped with a solar energy system, backup generator, and water cistern, ensuring the business can continue operating fully and uninterrupted even when island utilities are affected, a critical advantage in the Caribbean market. Financial statements and full due diligence materials are available to qualified buyers upon execution of an NDA.

Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.

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