Active

$695,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 7800 sq ft
Overview
  • ID: MFRPR9113878
  • Bedrooms:
  • Bathrooms: 0
  • Size: 7800 sq ft
Property Details
Remarks
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.
Financial Considerations
Price:
$695,000
HOA Fee:
N/A
Tax Amount:
$1400
Price per SqFt:
$89.1
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:
11399
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:
Mini-Split Unit(s), 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
    31-33 MARINA ST
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