UPDATED:
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 6,800 sqft
Price per Sqft $73
MLS Listing ID PR9113878
Construction Status Fixer
HOA Y/N No
Year Built 1897
Annual Tax Amount $1,400
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type Hotel/Motel
Source Stellar MLS
Property Description
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
Location
State PR
County Ponce
Area 00730 - Ponce
Interior
Heating None
Cooling Ductless, 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 Fixer
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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Edward Peterson
Team Leader / Realtor/ Listing Specialist | License ID: SL3463440
Team Leader / Realtor/ Listing Specialist License ID: SL3463440