Rare investment opportunity in the historic center of Ponce, just steps from Plaza Las Delicias and the iconic Casa de Bombas. Built in 1897, this Spanish Colonial property offers approximately 7,000 square feet of construction on a 575 m² lot, presenting exceptional potential for a boutique hotel, guesthouse, hospitality concept, or mixed-use redevelopment. The building features generous interior spaces, two street-front commercial areas, a spacious interior patio, and a rear courtyard with an existing swimming pool, an amenity rarely found in properties located within the historic district. The scale and layout of the structure allow for a creative redevelopment that could combine hospitality accommodations with retail or commercial spaces, creating a distinctive destination property in the cultural heart of the city. Based on the current configuration, the property could potentially support an initial boutique hospitality concept of approximately 10 guest rooms, with 7 rooms on the second floor and 3 rooms on the ground level, while still maintaining space for a reception area, office, and commercial storefronts. An adjacent lot of approximately 500 m² may also be available for purchase, offering the possibility of future expansion that could increase the scale of the project. The property experienced fire damage in April 2022, resulting in the loss of the roof structure. The building is not currently habitable and requires full renovation, making it well suited for developers, investors, or hospitality operators interested in restoration and redevelopment projects. Zoning is C-L (Commercial Light Use), allowing mixed-use development and a variety of commercial and hospitality possibilities, subject to applicable permits. Ponce, known as the “Pearl of the South,” is one of the most architecturally significant cities in Puerto Rico and continues to attract visitors through its museums, historic landmarks, cultural events, and vibrant downtown district. The Port of Ponce has the capacity to receive large cruise ships, positioning the city to benefit from increasing cruise tourism and visitor activity. This property offers the opportunity to restore a historic structure and develop a distinctive hospitality or mixed-use project in one of Puerto Rico’s most culturally rich cities. Seller financing may be available for qualified buyers.