31-33 Marina StreetPonce, PR 00730Price: $695,000

Historic Redevelopment Opportunity | Downtown Ponce, Puerto Rico Rare opportunity to acquire two adjacent properties in the heart of Historic Downtown Ponce, just steps from Plaza Las Delicias and Parque de Bombas. The offering includes a historic Spanish Colonial building, constructed circa 1897, with approximately 7,000 square feet of improvements, situated on a 575 m site, together with an adjacent development parcel of approximately 460 m. The historic structure features generous interior spaces, two street-front commercial areas, an interior courtyard, and an existing swimming pool. The adjacent parcel provides additional flexibility for future development, parking, or expansion, subject to applicable approvals. The property sustained fire damage in 2022 and requires substantial rehabilitation. Zoning is C-L (Commercial Light Use), allowing a variety of commercial, hospitality, and mixed-use possibilities, subject to governmental approvals. Potential buyers are encouraged to independently verify zoning, development potential, tax incentives, and all information deemed important. Seller financing may be available for qualified purchasers. Offered at $695,000. Seller is not currently seeking price reductions and has priced the property accordingly based on its redevelopment potential and the included adjacent parcel.