PONCE, PR 00730

Property

Ownership: Corporation
Type: Unknown
Lot Size: 0.3 Acres

Financials

Price:$695,000
Annual Taxes:$1,400
Listing Courtesy of PR SHORT CORPORATE INTERNATIONAL REALTY

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 ...

Description

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.

Amenities

  • Bathrooms
  • City Limits
  • Electricity Available
  • Extra Storage
  • Historic District
  • Interior Lot
  • Janitorial Services
  • Kitchen Facility
  • Near Public Transit
  • Neighbourhood
  • On Site Shower
  • Phone Available
  • Pool/Spa
  • Public
  • Reception
  • Security Lights
  • Shutters
  • Special Taxing District
  • Underground Utilities
  • Waiting Room

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.