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In-PersonVirtual Tour

Josh Cotton

josh@welcomehome904.com +1(904) 982-8461

$ 695,000

Est. payment | -/mo

7,800 SqFt

Save Virtual Tour

$ 695,000

Est. payment | -/mo

Save Virtual Tour

7,800 SqFt

Key Details

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Active

Purchase Type For Sale

Square Footage 7,800 sqft

Price per Sqft $89

MLS Listing ID PR9113878

Construction Status Under Renovation

HOA Y/N No

Year Built 1897

Annual Tax Amount $1,400

Lot Size 0.260 Acres

Acres 0.26

Property Sub-Type Hotel/Motel

Source Stellar MLS

Property Description

Historic Landmark Redevelopment Opportunity | Historic Downtown Ponce

Exceptional opportunity to acquire two adjacent properties in the heart of Historic Downtown Ponce, just steps from the iconic Plaza Las Delicias and Parque de Bombas.

This unique offering includes a historic Spanish Colonial building, originally constructed circa 1897, with approximately 7,000 square feet of existing improvements, situated on a 575 m² site, together with an adjacent development parcel of approximately 460 m², for a combined site area of approximately 1,035 m².

The property features generous interior spaces, two street-front commercial spaces, an interior courtyard, an existing swimming pool, and additional land offering flexibility for future expansion, parking, or new construction, subject to applicable governmental approvals.

Opportunities combining historic architecture, scale, prime location, and redevelopment potential are exceptionally rare in Historic Downtown Ponce. This property presents an outstanding opportunity to restore an architectural landmark while creating a boutique hotel, luxury inn, mixed-use development, restaurant, retail destination, residential lofts, or another hospitality or commercial project.

Puerto Rico's tourism industry continues to expand, while the inventory of historic properties suitable for adaptive reuse remains limited. For visionary investors and developers, this offering represents an opportunity to preserve an important piece of Puerto Rico's architectural heritage while creating a distinctive destination for future generations.

The existing structure requires substantial rehabilitation. Buyers are encouraged to independently verify zoning, development potential, historic preservation programs, tax incentives, tourism incentives, and all governmental approvals.

Seller financing may be available for qualified purchasers.

Location

State PR

County Ponce

Area 00730 - Ponce

Interior

Heating None

Cooling Mini-Split Unit(s), Wall/Window Unit(s)

Flooring Ceramic Tile, Concrete

Exterior

Parking Features Curb Parking, Ground Level

Utilities Available Electricity Available, Phone Available, Public, Underground Utilities

View Y/N No

Water Access No

Building

Lot Description Historic District, City Limits, Interior Lot, Near Public Transit, Neighbourhood, Special Taxing District

Story 2

Entry Level Two

Foundation Other

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction false

Construction Status Under Renovation

Others

Ownership Fee Simple

Acceptable Financing Cash, Private Financing Available

Listing Terms Cash, Private Financing Available

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/PR9113878

Listed by Victor Alonso Vega PR SHORT CORPORATE INTERNATIONAL REALTY

NEARBY SCHOOLS & PROPERTIES

"People Before Property"

Assisting buyers and sellers in achieving their goals is literally what I love to do!

+1(904) 982-8461

josh@welcomehome904.com

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31-33 MARINA ST Ponce, PR 00730