31-33 Marina Street, Ponce, PR 00730

Property Description

Historic Landmark Redevelopment Opportunity | Historic Downtown Ponce Rare opportunity to acquire a historic Spanish Colonial property in the heart of Historic Downtown Ponce, just steps from Plaza Las Delicias, Parque de Bombas, restaurants, museums, cultural attractions, and the city's principal historic and commercial district. Offered at $350,000, the sale includes the historic property situated on an approximately 575 m² (6,189 SF) site, with approximately 7,000 SF of existing improvements. Originally constructed circa 1897, the property offers distinctive architectural character, generous interior spaces, two street-front commercial spaces, an interior courtyard, and an existing swimming pool. The seller also owns the adjacent approximately 460 m² (4,951 SF) parcel, which may be available for purchase separately or together with the historic property. Acquisition of both properties would create a combined site of approximately 1,035 m² (11,141 SF), providing additional flexibility for expansion, parking, complementary development, outdoor amenities, or other uses, subject to applicable approvals. The property's configuration is particularly attractive for an adaptive-reuse project. Its street-level commercial areas could potentially complement a hospitality or mixed-use concept, while the interior courtyard and pool provide the foundation for creating a distinctive guest experience. The adjacent parcel creates an additional opportunity for a buyer seeking greater development flexibility. Potential concepts may include a boutique hotel, luxury guesthouse or inn, mixed-use hospitality project, restaurant, café, retail destination, event space, residential development, or other commercial use, subject to zoning and governmental approvals. Its location within Ponce's historic urban core provides convenient access to some of the city's most recognizable landmarks and attractions. The property could appeal to investors seeking to participate in the continued redevelopment of Downtown Ponce and the growth of Puerto Rico's tourism and hospitality sectors. Opportunities combining historic architecture, approximately 7,000 SF of existing improvements, commercial frontage, a courtyard, swimming pool, central location, and the possibility of acquiring adjacent land are increasingly difficult to replicate. The existing structure requires substantial rehabilitation and is being offered as a redevelopment opportunity. A new owner would have the ability to restore and reposition a distinctive historic asset while preserving an important part of Ponce's architectural character. Depending on the proposed project and buyer eligibility, the redevelopment may potentially benefit from Puerto Rico tourism incentives, historic rehabilitation programs, tax credits, or other economic development incentives. No representation or guarantee regarding eligibility is made, and buyers should independently investigate all available programs. Buyers are encouraged to independently verify property measurements, zoning, permitted uses, development capacity, historic preservation requirements, construction requirements, incentives, and all governmental approvals. Seller financing may be available to qualified purchasers. Additional information regarding the property, redevelopment opportunity, and adjacent parcel is available upon request.