329 Calle Recinto Sur
- Building Area: Approximately 11,140 SF
- Site Area: 192 square meters
- Multi-level structure with 7 stories
- 12 rooms: 6 junior suites, 5 master suites, 1 presidential suite
- Ground-level restaurant & bar space with outdoor seating
- Property is in shell condition and without electricity
- Approved plans for enclosing Level 7 sun deck
- Zoning: Commercial Intermediate (C-I)
- Multi-level parking facilities across the street
- Cuerdas: .0489
- Property Tax Code: 040-003-065-15-001
- Coordinates: Latitude 18°27’53.60” N | Longitude -66°6’46.40” W
Property Description
In shell condition, the former Cervantes Hotel features 12 rooms—6 junior suites, 5 master suites, and a grand presidential suite. This seven-story building is primed for redevelopment, with the first level offering a spacious restaurant space and outdoor seating—ideal for hospitality, boutique hotel, or mixed-use concepts. The building’s rooftop is its crown jewel, delivering sweeping Old San Juan views and the perfect setting for a future bar, restaurant, or exclusive guest amenity. Elevator service connects Levels 1 through 6, with private access to the presidential suite and rooftop from Level 7. The property requires restoration to reach its full potential, including electrical upgrades. A true diamond in the rough, this asset offers an unparalleled location, rich history, and exceptional long-term value for investors. Approved plans for enclosing the existing 7th-level sun deck are available. Space Breakdown • Level 1: Lobby, reception, administration, bathrooms, restaurant including bar, kitchen & maintenance area (2,016 SF) • Level 2: Small office & storage (764 SF) • Level 3: Four (4) guestroom suites (2,016 SF) • Level 4: Administration office with ½ bathroom & refrigerated storage (635 SF) • Level 5: Four (4) guestroom suites (2,045 SF) • Level 6: Three (3) guestroom suites (1,541 SF) • Level 7: Presidential suite (1,378 SF) • Sun Deck Roof: Terrace, laundry, bathroom & sun deck (745 SF) Elevator services Levels 1–6 publicly and Level 7 exclusively. Sun deck accessed via stairs from Level 6.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Hospitality |
| Price: | $3,600,000 |
| Lot Size: | 0.05 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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