Portsville Plaza, Freeport, Montego Bay

Portsville Plaza, located in Freeport, Montego Bay, is offered for sale at US$4,500,000. The property encompasses a land area of 35,002.47 square feet (0.80 acres), providing a substantial footprint within a prominent commercial district.

The building comprises 48 office and retail units, collectively totaling approximately 34,800 square feet. In addition, there is a penthouse suite measuring 4,200 square feet. Currently, about 85% of the available rental space is leased, with the remaining 15% available for new tenants. The unleased units are experiencing strong demand in the market.

Portsville Plaza is strategically situated near the Montego Bay wharf, making it suitable for merchants requiring warehouse or import/export facilities. The property is in close proximity to essential infrastructure, including the Montego Bay Cruise Ship Pier, the Customs Office, the Tax Administration of Jamaica, and the Montego Bay Wharf. The surrounding area features established businesses such as Caribbean Producers Ltd, Rainforest Seafood, Secret Hotel, and several major BPO centers. Additionally, the plaza is near upscale residential communities, including The Lagoons on the Waterfront and Freeport 22.

This property offers a steady income stream due to its current occupancy levels and presents the potential for additional tenants. The vacant shops provide flexibility for the new owner in securing future leases. The location benefits from highway access, public transportation nearby, and significant visual exposure. The site is fully sewered, level, and positioned within a shopping centre, with shopping options in close proximity.

Portsville Plaza is positioned within a dynamic commercial and tourism hub, offering strong growth prospects and ongoing demand for quality commercial space.