6,155 SqFt
6,155 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 6,155 sqft
Price per Sqft $64
MLS Listing ID PR9125057
Construction Status Fixer
HOA Y/N No
Year Built 1897
Annual Tax Amount $1,400
Lot Size 0.260 Acres
Acres 0.26
Lot Dimensions frontage TWO IRREGULAR LOTS
Property Sub-Type Mixed Use
Source Stellar MLS
Property Description
THE NUMBERS: Approx. $65 sq ft of building, with the adjacent lot included in the price. 6,155 sq ft of building on two floors. Two separate cadastre numbers, giving flexibility to develop in phases or restructure the project.
INCENTIVES: The property is currently located in a federal Opportunity Zone, and a hospitality project may qualify for Puerto Rico tourism development incentives, subject to approval. Opportunity Zone rules change for investments made after December 31, 2026; buyer to verify the designation and benefits that apply to their investment.
ONE BUILDING, MANY USES: The property has already drawn interest for a boutique hotel or guest house built around the pool and courtyard; a restaurant and bar using the retail spaces and the courtyard as outdoor seating; medical or professional offices with private parking on the adjoining lot; and mixed use with retail on the ground floor and apartments or short-term rentals above.
THE BUILDING, CALLE MARINA #33: Built in 1897, approx. 6,155 sq ft on a 597 sq m lot with 18.38 m of frontage. Features a pool at the back of the property, a large interior courtyard ideal as the center of a hotel, dining area, or event space, and two retail spaces with direct exposure to Calle Marina to operate or lease. The building was damaged by a fire in April 2022 and needs repairs; the price reflects its current condition. Cadastre 389-062-447-05-001.
THE LOT, CALLE MARINA #31: 461.89 sq m with 13.40 m of frontage. It retains its historic facade; the interior needs to be cleared to create parking, expand the main project, or build a future phase. In the historic district, private parking is a hard-to-find advantage, and here it comes included. Cadastre 389-062-447-06-001.
THE VISION: An integrated project behind a continuous 104-foot historic facade, with active retail at street level, the pool and courtyard at its heart, and parking or room to grow next door.
Sold as-is. Any use, construction, or development is subject to permits from the applicable agencies, including those governing the historic district. Buyer to verify zoning, measurements, permitted uses, and incentive eligibility with their own legal and tax advisors. Deeds and additional information available to qualified buyers. Call today to schedule your private showing.
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 Curb Parking, Ground Level
Utilities Available Electricity Available, Phone Available, Public, Underground Utilities
View Y/N No
Water Access No
Roof Type Metal
Exposure East
Building
Lot Description Central Business District, Historic District, City Limits, Interior Lot, Near Public Transit, Neighbourhood, Special Taxing District
Story 2
Entry Level Two
Foundation Other
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Construction Status Fixer
Others
Ownership Fee Simple
Acceptable Financing Cash, Commercial Financing, Owner Financing, Private Financing Available
Listing Terms Cash, Commercial Financing, Owner Financing, Private Financing Available
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/PR9125057
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