About 31-33 Marina Street
HISTORIC SPANISH COLONIAL JEWEL | CIRCA 1897 | HISTORIC DOWNTOWN PONCE
A rare opportunity to acquire, restore and reimagine a piece of Puerto Rico history.
Offered at $350,000, this extraordinary Spanish Colonial property was built circa 1897 and offers approximately 7,000 SF on a 575 m² site in Historic Downtown Ponce.
More than real estate, this is an opportunity to restore an irreplaceable architectural property with distinctive historic character.
The property features a magnificent entrance, expansive interiors, a beautiful open central courtyard, swimming pool, and two commercial spaces facing Calle Marina.
THE VISION
Restore it as a residence or potentially transform it into a boutique hotel or guesthouse with approximately 10 rooms, subject to applicable approvals.
The courtyard and pool could become the centerpiece of a unique hospitality concept. The commercial spaces could potentially accommodate a restaurant, coffee shop, boutique, gallery, or retail concept.
Residence. Boutique hotel. Restaurant. Café. Retail. The possibilities are extensive, subject to applicable approvals.
Located near Plaza Las Delicias, Parque de Bombas, museums, restaurants and Ponce's historic center.
ADDITIONAL OPPORTUNITY
The seller also owns the adjacent approximately 460 m² parcel, potentially available separately or together with the main property. Combined, both properties would provide approximately 1,035 m² with possibilities for expansion, parking or additional amenities, subject to approvals.
SELLER FINANCING AVAILABLE
Motivated sellers may consider financing approximately 50% of the purchase price, subject to mutually acceptable terms, financial documentation and seller approval.
Buyers interested in seller financing should be prepared to contribute approximately 50% of the purchase price and provide documentation demonstrating sufficient resources for the proposed transaction and rehabilitation.
REDEVELOPMENT OPPORTUNITY
This property requires substantial rehabilitation. Rehabilitation costs are estimated at approximately $500,000 or more, depending on scope, property conditions, specifications and required permits. Buyers should independently verify all costs.
This property presents an opportunity for investors, developers, hospitality operators or others interested in restoring and repositioning a distinctive historic asset.
A LEGACY PROJECT
This is more than an investment opportunity. It offers the possibility to restore an architectural jewel, create a distinctive business or residence, contribute to the preservation of Historic Ponce, and own a tangible piece of Puerto Rico history.
Price: $350,000
Construction: Circa 1897
Existing Improvements: Approx. 7,000 SF
Site: Approx. 575 m²
Boutique Hotel Potential: Approx. 10 rooms, subject to approvals
Commercial Spaces: Two facing Calle Marina
Amenities: Central courtyard and swimming pool
Adjacent Parcel: Approx. 460 m², potentially available
Seller Financing: Potentially 50%, subject to terms and seller approval
The property requires substantial rehabilitation. Measurements, uses, zoning, permits, historic requirements and incentives must be independently verified.
Potential tourism incentives and tax credits may be available depending on the project and applicable requirements. No representation or guarantee regarding eligibility is made.
