31-33 Marina St, Ponce, Puerto Rico 00730

INVESTMENT OPPORTUNITY IN HISTORIC DOWNTOWN PONCE | OPPORTUNITY ZONE | 1897 BUILDING WITH POOL AND RETAIL SPACES + ADJACENT LOT | TWO PARCELS, ONE PRICE: $400, 000 For the investor or developer who knows an opportunity when they see one: two adjoining parcels on Calle Marina, in the heart of Ponce’s historic district, totaling approx. 11, 398 sq ft of land with 104 ft of combined street frontage. A rare combination of size, history, location, and versatility. THE NUMBERS – Approx. $65 per sq ft of building, with the adjacent lot included in the price – 6, 155 sq ft two-story building – Two retail spaces fronting Calle Marina – 1, 058.89 sq m of land in total – Two separate cadastre numbers, giving flexibility to develop in phases or restructure the project INCENTIVES THAT BOOST YOUR RETURN – Located in a federal Opportunity Zone, with potential capital gains tax benefits for qualifying investors – The project may qualify for Puerto Rico tourism development incentives, subject to approval ONE BUILDING, MANY POSSIBILITIES Its size, layout, and location allow the project to be designed around the buyer’s vision. The property has already drawn interest for a range of uses: – Boutique hotel or guest house, built around the pool and interior courtyard – Restaurant and bar, with the street-front retail spaces and the courtyard as outdoor seating – Medical or professional offices, with private parking on the adjoining lot – Mixed use: retail on the ground floor and apartments or short-term rentals on the second floor THE BUILDING: CALLE MARINA #33 Two-story building built in 1897, with approx. 6, 155 sq ft on a 597 sq m lot with 18.38 m of frontage. Its features set it apart from anything else in the area: – A beautiful pool at the back of the property – A large interior courtyard, ideal as the center of a hotel, a dining area, or an event space – Two retail spaces with direct exposure to Calle Marina, to operate or to generate rental income The building was damaged by a fire in April 2022 and needs repairs; the price reflects its current condition. For a buyer with vision and restoration experience, it is a chance to create a project to their own specifications. Cadastre: 389-062-447-05-001 THE LOT: CALLE MARINA #31 461.89 sq m lot with 13.40 m of frontage that retains its historic facade. The interior needs to be cleared to convert it into parking, expand the main project, or support a future development phase. In the historic district, private parking is a hard-to-find advantage, and it’s included in the price. Cadastre: 389-062-447-06-001 THE VISION An integrated project behind a continuous 104-foot historic facade on Calle Marina: active retail at street level, a pool and interior courtyard at the project’s heart, and parking or room to expand on the adjoining lot. Hospitality, dining, medical services, or mixed use: the property adapts to the buyer’s vision. 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, and permitted uses, and to consult their legal and tax advisors regarding incentive eligibility and benefits. Additional information and deeds available to qualified buyers. Call today to schedule your private showing.