Active

$500,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 6800 sq ft
Overview
  • ID: MFRPR9113878
  • Bedrooms:
  • Bathrooms: 0
  • Size: 6800 sq ft
Property Details
Remarks
Unique Investment Opportunity in the Historic Heart of Ponce – Two Adjacent Lots, 1,014 m² Total DISCLOSURE: The photos shown were taken before the 2023 fire. The property currently has no roof on the second floor. All fire-related debris has been removed, and the structure has been evaluated by structural engineers, who have deemed it sound for restoration. We are proud to present a truly exceptional property in the heart of Ponce’s historic district, an area renowned for its architectural charm, rich cultural heritage, and growing tourism demand. This offering includes two contiguous lots, totaling approximately 1,014 square meters (597 m² + 417 m²), with tremendous potential for redevelopment into a boutique hotel, guesthouse, or mixed-use commercial project. Property 1 – Historic 1900s Structure (Approx. 6,800 ft² Built Area) This two-story Spanish colonial-style building features: Two commercial storefronts at street level: One approx. 1,000 ft² One approx. 300 ft² Three residential units on the ground floor (reconfigurable into four apartments) High ceilings (15 feet) with preserved original wooden beams Large central courtyard with mature vines offering natural shade Private pool approx. 30 ft x 20 ft at the rear Structural condition: Inspected by structural engineers — the building is in sound condition and can be restored. The second floor suffered fire damage in 2023, but all debris has been cleared, and it is ready for redevelopment. Proposed Concept 7 guest rooms with private bathrooms on the second floor 3 guest rooms with private bathrooms on the ground floor Total: 10-room boutique hotel or guesthouse, plus two rentable storefronts Property 2 – Adjacent Lot (417 m² / Approx. 4,488 ft²) Previously developed, this site is now cleared after a fire and offers excellent potential for: On-site hotel parking Additional guest rooms, event space, or restaurant/café Rare opportunity to offer ample on-site parking in Ponce’s historic zone Why This Property Stands Out Steps from Ponce’s central plaza and cultural landmarks Located within the Historic Zone – eligible for Puerto Rico Tourism Tax Credits (Act 60) Investors may recoup up to 40% of their investment via transferable tax credits. Ponce tourism is growing, with cruise ships scheduled to dock starting in 2025 Extremely limited boutique lodging inventory in central Ponce Key Facts Total land area: 1,014 m² (10,914 ft²) Lot 1: 597 m² Lot 2: 417 m² Utilities: Electricity and water on-site Zoning: Located in the designated tourism and historic zone Condition: Property sold as-is Terms: Cash purchase only. Buyer must demonstrate renovation capacity. Showings: By appointment only with Proof of Funds (POF) A Sound & Profitable Investment This is a unique opportunity to acquire a large, centrally located property in one of Puerto Rico’s most architecturally significant and culturally vibrant cities. With tourism incentives, strong demand, and historic charm, this project is ideal for investors seeking high upside with built-in financial benefits. For more information or to schedule a private showing, contact Sellers
Financial Considerations
Price:
$500,000
HOA Fee:
N/A
Tax Amount:
$1400
Price per SqFt:
$73.53
Tax Legal Description:
URBANA: Solar con una casa de mamposteria de dos pisos o plantas, techada de hierro galvanizado, marcada con el numaro cinco (5) de gobierno, que radica en el Barrio Frimero de esta ciudad, con frente por el ESTE a la Calle de la Marina Y lindando por el SUR, (18.38) metros de frente a la Calle Marina, por el SUR, cuarenta punto cincuenta y cuatro (40.54) metros; por el OESTE, de Sur a Norester dos punto noventa (2.90) metros y despues al Norte, seis punto cuarenta (6.40) metros; y por el NORTE, partiendo de la Calle de la Marina, tiene varias medidas, a saber: la primera, de trece punto sesenta y cinco (13.65) metros, la segunda, veinte punto cero ocho (20.08) metros; la tercera, de tres punto ochenta y tres (3.83) metros; la cuarta, de ocho punto setenta y ocho (8.78) metros, luego sigue al SUR, tres (3) metros y luego al OESTE, diez (10) metros, que forman un area superficial cuadrada de quiniantos punto noventa y siete punto cero cero (597. 00) metros cuadrados.
Exterior Features
Lot Size:
6428
Lot Features:
Historic District, City Limits, Interior Lot, Near Public Transit, Neighbourhood, Special Taxing District
Waterfront:
No
Parking Spaces:
N/A
Parking:
Parking Spaces - 13 to 18, Curb Parking, Ground Level
Roof:
N/A
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
None
Cooling:
Ductless, Wall/Window Unit(s)
Appliances:
N/A
Furnished:
No
Floor:
Ceramic Tile, Concrete
Levels:
Two
Additional Features
Property Sub Type:
Hotel/Motel
Style:
N/A
Year Built:
1897
Construction Type:
Brick
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    9181 MARINA ST
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