2324 Calle Loíza, Punta Las Marías, San Juan, Puerto Rico

Mixed-Use Hospitality Development | Permits in Process | Tourism Incentive Eligible | Offered at $3,200,000

Positioned just steps from the beach in Punta Las Marías, one of San Juan’s most active short-term rental and hospitality corridors, this mixed-use commercial property presents a rare opportunity to acquire a partially completed hotel development with architectural plans, renovation estimates, and permit submissions already in place.

Located at 2324 Calle Loíza, approximately a 3-minute walk from the ocean, the property sits within a CT-2 commercial zoning district and consists of three parcels totaling approximately 11,000 square feet of existing construction, with additional build-out potential on the second level and roof areas. The zoning classification is compatible with hospitality and tourist-oriented uses, subject to final permit approvals.

The project has been designed as the Brezze di Mare Hotel, with plans calling for a multi-phase development allowing early operation while the full build-out is completed.

Phaseable Development Concept

The current design contemplates a hotel with approximately 25 guest rooms, with potential expansion up to 35 doors, depending on final configuration and approvals.

The second level currently includes four (4) fully built one-bedroom, one-bathroom units, approximately 385–420 square feet each, which are approximately 90% complete and can be placed into operation for long-term or short-term rental while the remainder of the hotel is developed.

Architectural plans, cost estimates, and renovation scope have already been prepared, including the first phase of construction consisting of:

• Approximately 20 hotel rooms on the ground level

• Exterior pool and amenity area

• New façade and architectural improvements

• Full electrical, plumbing, HVAC, and fire systems

• Structural preparation for future expansion

Preliminary construction estimates for the first phase are approximately $2.3M, based on architectural cost reports.

Puerto Rico Tourism Incentive Eligibility

According to project consultants, the property qualifies for the Puerto Rico Tourism Incentive Program, which may allow up to approximately 40% incentives on eligible purchase and renovation costs, subject to final approval by the Puerto Rico Tourism Company and applicable agencies.

This incentive significantly improves the financial feasibility of the project and makes the property attractive for owner-operators, developers, hospitality groups, or Act 60 investors seeking to establish a hotel or branded short-term rental operation in the San Juan market.

Existing Improvements & Site Features

• Three parcels included in sale

• CT-2 commercial zoning

• Approx. 11,000 sqft existing construction

• Second level built with existing units

• Roof area suitable for future expansion / amenities

• Loading / service area with approx. 8–10 parking spaces planned

• Architectural plans completed

• Renovation estimates completed

• Permits in process for hotel operation

• Located minutes from the beach in Punta Las Marías

Investment Profile

This offering is ideal for:

• Hotel developers

• Boutique hospitality operators

• Short-term rental investors

• Act 60 investors seeking tourism projects

• Joint venture partners

• Owner-operators seeking phased development

Opportunities of this scale in Punta Las Marías rarely come to market with plans, estimates, and incentive eligibility already in place.

Offered at $3,200,000

Additional documentation, architectural plans, and renovation reports available upon request.

Ian Cahill
Nest Seekers Puerto Rico
787-340-5093
IanC@nestseekers.com