Historic Mixed-Use Building with Pool | Ponce, PR
Price: $440,000 | Seller Financing Available | Cash or Owner Financing Only

Prime redevelopment opportunity in the historic downtown of Ponce, steps from Plaza Las Delicias and Casa de Bombas.
Built in 1897, this Spanish Colonial–style property offers exceptional potential for a boutique hotel, guesthouse, hospitality project, or mixed-use development.

IMPORTANT PRICE & CONDITION DISCLOSURE

List Price: $440,000 (correct and current price)

The property suffered fire damage in April 2022

Total loss of the roof

Property is NOT habitable

Full renovation required

Does NOT qualify for traditional bank financing

This property is intended only for serious investors and developers.

PURCHASE OPTIONS

Cash

Owner Financing Available

Seller Financing Terms

50% down payment

7.5% fixed interest rate

30-year amortization

Balloon payment in 3–5 years (flexible)

Designed to allow rehabilitation and future refinancing with conventional lenders once stabilized.

ZONING & USE

C-L (Commercial Light Use) zoning

Allows mixed-use development

Strong potential for boutique hotel/guesthouse, subject to permits and approvals

DEVELOPMENT POTENTIAL

Second Floor

Up to 7 hotel-style rooms

Existing plumbing designed for 5 bathrooms (expandable)

Ground Floor

Two street-front commercial spaces

Space for at least 3 residential or STR units

Office area

Common Areas

Two half-bathrooms (men & women)

Outdoor Space

Rear patio with existing swimming pool

HISTORIC VALUE

Built in 1897

Previously benefited from the CRIM historic tax exemption

Potential to requalify after proper historic rehabilitation

SIZE & LOT DETAILS

Main Property

Approx. 7,000 SF building

575 m² lot

Price: $440,000

Adjacent Lot (Optional)

500 m²

Price: $225,000

Ideal for parking or future expansion

SALE CONDITIONS

Sold AS-IS

Not subject to appraisal

Proof of Funds required

Financial qualification is requested prior to scheduling showings

IDEAL BUYER

Real estate developer

Hospitality investor

Boutique hotel or guesthouse operator

Cash buyer or buyer utilizing seller financing

Investor seeking a high-value repositioning opportunity in Ponce

ACTION INCENTIVE

Priority will be given to:

Formal written offers

Buyers using seller financing

Short closing timelines
Serious inquiries encouraged. Seller is motivated and open to qualified offers. Additional details and showing instructions are available upon request.