UPDATED:
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 6,800 sqft
Price per Sqft $73
MLS Listing ID PR9113878
Construction Status Under Renovation
HOA Y/N No
Year Built 1897
Annual Tax Amount $1,400
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type Hotel/Motel
Source Stellar MLS
Property Description
Proposed concept: a 10-room boutique hotel or guesthouse with two commercial units, plus the adjoining lot that offers space for on-site parking and the potential to build an additional 15–20 guest rooms, expanding the project's capacity significantly. Eligible for Puerto Rico Tourism Tax Credits (Act 60), allowing investors to recover up to 40% of capital invested.
Projected Financial Analysis (10-room concept):
ADR: $125
Occupancy: 69% (252 nights/year per room)
Annual Gross Room Revenue: $315,000
Estimated Operating Expenses (40%): $126,000
Net Operating Income: $189,000
Total Investment (acquisition + renovation): $1,000,000
Estimated ROI: 18.9% annually (approx. 5.3-year payback), with additional upside from tourism tax credits.
The property is sold AS IS, WHERE IS, for $500,000 cash only, not subject to appraisal, inspection, or contingencies. Proof of funds required for showings.
Location
State PR
County Ponce
Area 00730 - Ponce
Interior
Heating None
Cooling Ductless, Wall/Window Unit(s)
Flooring Ceramic Tile, Concrete
Exterior
Parking Features Parking Spaces - 13 to 18, Curb Parking, Ground Level
Utilities Available Electricity Available, Phone Available, Public, Underground Utilities
Building
Lot Description Historic District, City Limits, Interior Lot, Near Public Transit, Neighbourhood, Special Taxing District
Story 2
Entry Level Two
Foundation Other
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Construction Status Under Renovation
Others
Ownership Corporation
Acceptable Financing Cash, Private Financing Available
Listing Terms Cash, Private Financing Available
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/PR9113878
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