$695,000
Active · 348 days on market · MLS# MFRPR9113878
| Living area | 7,800 sq ft |
|---|---|
| Lot size | 0.26 acres |
| Year built | 1897 |
| Property type | Hotel/Motel |
| Waterfront | Yes |
| Annual taxes | $1,400 |
| County | Ponce |
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.
Listing courtesy of Victor Alonso Vega, PR SHORT CORPORATE INTERNATIONAL REALTY. Presented by MC Homes Realty Inc · 727432218.