Historic Building in Ponce for Rehabilitation

Beds 10 | Baths 5 | Sqft 6,426

Edificio histórico en Ponce para rehabilitación

267 days · Very old listing

Features (from listing details)

Edificio Histórico De Estilo Colonial Español Aproximadamente 7,000 Pies Cuadrados Daños Por Fuego Posibles Usos Hoteleros, Mixtos O Comerciales

AI Review

Reviewed by Klasificados AI from photos and listing text

Historic Building with Fire Damage in Downtown Ponce

The listing offers a historic Spanish Colonial building of approximately 7,000 SF, with fire damage and a need for complete rehabilitation; it suggests possible hotel, mixed-use, or commercial uses. The asking price is $350,000, and any incentives or tax credits mentioned depend on approval and program requirements. Confirm the scope of repairs, the area, required permits, and eligibility for those incentives.

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Type Comercial

Ad description

Historic Spanish Colonial building of approximately 7,000 SF in downtown Ponce, with fire damage and a need for complete rehabilitation. The asking price is $350,000; potential tourism incentives and tax credits are subject to government approvals and program requirements.

Original Ad

Historic Hotel Development Opportunity | Historic Building | Ponce, Puerto Rico Rare investment opportunity in Historic Downtown Ponce. This offering includes a historic Spanish Colonial building of approximately 7,000 SF, ideal for restoration and adaptive reuse as a boutique hotel, mixed-use hospitality project, or other commercial development. The property may qualify for Puerto Rico Tourism incentives and Act 60 benefits, including potential tax credits of up to 40% of eligible rehabilitation costs, subject to government approvals and program requirements. The building sustained fire damage and requires a complete rehabilitation, presenting a unique opportunity to restore one of Ponce's historic properties. Asking Price: (Firm) Seller financing may be available for qualified buyers. Proof of Funds or lender pre-approval is required prior to property tours or the release of additional information. Serious investors, developers, and hospitality operators only.