7,800 SqFt
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 $43
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
Prime investment opportunity in Ponce's historic district, steps from Plaza Las Delicias and Casa de Bombas. This 1897 Spanish Colonial property offers exceptional potential for a boutique hotel, STR complex, or mixed-use development.
Property Features:
7,800 ft² structure on 6,492 ft² lot
Mixed-use zoning
Two commercial storefronts
Large interior patio
20' x 30' pool with deck
Ground-floor offices, bathrooms, and laundry
Ideal for hospitality or redevelopment projects
Condition:
Second floor and roof require reconstruction due to past fire damage—providing complete design freedom while preserving historic charm.
Investment Snapshot:
Price: $340,000
Seller Financing: Available with 50% down
Renovation Estimate: $300K–$500K
ADR: $145–$165 | Occupancy: ~70%
Eligible for Act 60 Tourism Tax Credits (up to 40% refund)
Terms:
Cash or seller financing • Proof of Funds required • Sold AS-IS • Not subject to appraisal.
Ideal Buyer
A developer or investor seeking a high-ROI project in a prime tourism corridor. Perfect for someone planning a boutique hotel, STR apartments, or a mixed-use concept, and who wants to capitalize on Act 60 tourism incentives and the strong demand in Ponce's historic zone.
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 Parking Spaces - 13 to 18, Curb Parking, Ground Level
Utilities Available Electricity Available, Phone Available, Public, Underground Utilities
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 Corporation
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
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