9181 MARINA ST Ponce, PR 00730
7,800 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 7,800 sqft
Price per Sqft $44
MLS Listing ID PR9113878
Construction Status Under Renovation
HOA Y/N No
Year Built 1897
Annual Tax Amount $1,400
Lot Size 0.260 Acres
Acres 0.26
Property Sub-Type Hotel/Motel
Source Stellar MLS
Property Description
A Spanish Colonial Masterpiece Built in 1897 – Ready for Restoration and High-Return Investment
Own a rare historic property in the heart of Ponce's cultural district. Built in 1897, this Spanish Colonial gem offers extraordinary architectural charm and the perfect canvas for a boutique hospitality or mixed-use project.
Located steps from Casa de Bombas and Parque Las Delicias, this property places you at the center of Ponce's vibrant historic zone.
Property Overview
This listing includes one property only — a standalone historic building with:
7,800 ft² of structure
597 m² / 6,492 ft² of land
Mixed-use zoning, offering excellent flexibility
Two commercial storefronts at street level
Large open patio ideal for outdoor amenities
Existing 20' x 30' pool with ample deck space
Ground-floor office space
Two shared bathrooms (men & women)
Partially prepared laundry room
The building suffered fire damage in 2023, primarily affecting the second floor. It requires reconstruction of:
Roof
Second-floor structure
Flooring
Bathrooms
Windows & doors
Interior wall divisions
Despite the damage, the historic character and architectural value remain intact—an exceptional opportunity for restoration.
Development Potential
With thoughtful design, the second floor can accommodate up to 7 elegant one-bedroom apartments, combining:
Comfortable interior layouts
Stylish, functional designs
Classic details inspired by 1800s Hispanic architecture
The large patio and pool area can be transformed into:
A relaxing lounge deck
Outdoor dining or cocktail terrace
Event or gathering spaces
Perfect for:
Boutique hotel
Short-term rentals
Mixed-use commercial + hospitality
Creative or cultural venue
Investment Highlights
Cash Price: $350,000 FIRM
Renovation Estimate: $300,000–$500,000
ADR Potential: $145–$165
Occupancy Potential: ~70%
You may also qualify for Act 60 Tourism Tax Credits, which allow investors to recover up to 40% of their total investment, significantly increasing ROI.
Additional Terms
Cash only
Proof of Funds required to coordinate showings
Property is sold AS-IS, WHERE-IS.
Not subject to appraisal
Location
State PR
County Ponce
Area 00730 - Ponce
Interior
Heating None
Cooling Mini-Split Unit(s), 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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