Former 12-room Hotel @ Old San Juan - FOR SALE - MOTIVATED SELLER

For Sale

329 Calle Recinto Sur, San Juan, PR 00901

This San Juan property for sale is located at 329 Calle Recinto Sur. The current listed sale price for Former 12-room Hotel @ Old San Juan - FOR SALE - MOTIVATED SELLER is $3,600,000. Former 12-room Hotel @ Old San Juan - FOR SALE - MOTIVATED SELLER is situated on a lot that is 0.05 acre in size.

Contacts

broker
Milton Cofresi

Christiansen Commercial Real Estate

Property Details

  • Property Type Other
  • Property Size 11,140 SF
  • Lot Size 0.05 Acre
  • Date Updated Mar 20, 2025
Welcome to the heart of historic Old San Juan, where timeless charm meets opportunity. The former Cervantes Hotel—an iconic property rich with potential—awaits its next chapter. Nestled at the intersection of Recinto Sur and Tetuan Street, this 11,140-square-foot property boasts an exceptional location. A stone's throw from commercial hubs, renowned restaurants, fashion boutiques, government offices, theaters, galleries, and more. Convenience is at your doorstep, with over 1,500 parking spaces at Paseo Portuario and Doña Fela Parking Garage just across the street.In shell condition, the Cervantes Hotel features 12 rooms—6 junior suites, 5 master suites, and a grand presidential suite—this seven-story building is primed for reimagining. The ground floor features a spacious restaurant space with outdoor seating, making this a prime location for a hospitality or mixed-use development. The crown jewel—the rooftop—boasts sweeping city views, making it the perfect setting for a restaurant or bar, or a tranquil space for your future guests to unwind. With elevator access from the lobby to the sixth floor and a private staircase to the presidential suite and rooftop, this property is designed to offer both convenience and luxury. However, the building requires restoration to return to its former glory. Necessary improvements include, but are not limited to, electrical updates—a true diamond in the rough, ready for transformation. An unparalleled location, rich history, and endless potential. The former Cervantes Hotel is an investment in the future of Old San Juan. This multi-level structure includes: • Level 1: Lobby, reception, administration, bathrooms, restaurant, bar, kitchen, and maintenance area (2,016 SF) • Level 2: Small office and storage (764 SF) • Levels 3-6: Guestroom suites totaling 9 rooms • Level 7: Presidential suite and private sun deck with terrace and panoramic views • With elevator access to the first six levels and exclusive access to the seventh floor, this property is a rare opportunity to restore a historic treasure and create something truly extraordinary.
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Highlights

  • Building Area: Approximately 11,140 square feet
  • Site Area: 192 square meters
  • The property is in shell condition and without electricity
  • Multi-level Parking: Directly across the street
  • Levels: 7 stories
  • Units: 12 rooms: 6 junior suites, 5 master suites, and a presidential suite
  • Cuerdas: .0489
  • Retail: Restaurant & bar space at ground level with outdoor seating area
  • Zoning: Commercial Intermediate (C-I)
  • Property Tax Code: 040-003-065-15-001
  • Coordinates: 18°27’53.60” N, 66°6’46.40” W

Getting around

  • 98/100

    Walk Score ®

Powered by Walk Score ®

Location

  • City San Juan, PR
  • Neighborhood San Francisco
  • Zip Code 00901

Points of Interest

  • Parada de Taxis - Plaza Las Américas

    3.89 miles

  • Martínez Nadal

    5.15 miles

  • Deportivo

    5.44 miles

  • Centro Médico

    5.65 miles

  • Universidad (Plaza Universitaria)

    5.80 miles

  • Universidad (Museo)

    5.81 miles

  • Río Piedras

    6.04 miles

  • Cupey

    6.09 miles

  • Gulf

    0.92 miles

  • Total

    0.97 miles

  • Mobil

    1.09 miles

  • Phillips 66

    1.78 miles

  • Texaco

    2.20 miles

  • American Gasoline

    2.21 miles

  • Puma

    2.43 miles

  • Ecomaxx

    2.58 miles

  • Tesla Supercharger

    3.82 miles

  • Blink

    3.93 miles

  • Paseo Portuario

    0.03 miles

  • Doña Fela

    0.05 miles

  • Estacionamiento Covadonga

    0.14 miles

  • Estacionamiento La Puntilla

    0.28 miles

  • Estacionamiento Luis A. Ferré

    0.50 miles

  • Lote Oeste

    1.45 miles

  • Estacionamiento Don Tello

    1.51 miles

  • Estacionamiento Municipal La Puntilla

    1.60 miles

  • Estacionamiento Municipal de La Puntilla

    1.63 miles

  • Lote Este

    1.68 miles

  • Hotel Casablanca

    0.05 miles

  • Hotel Rumbao, A Tribute Portfolio Hotel

    0.07 miles

  • Hotel Milano

    0.08 miles

  • Fortaleza Guest House

    0.08 miles

  • Da'House

    0.10 miles

  • Posada San Francisco

    0.13 miles

  • S.J. Suites Hotel

    0.14 miles

  • Navona Studios

    0.14 miles

  • La Terraza

    0.22 miles

  • Hotel Plaza de Armas

    0.29 miles

  • Supermax

    0.22 miles

  • Marshalls

    0.23 miles

  • Lalo Cash+Carry

    1.02 miles

  • Supermercado Salazar

    1.09 miles

  • Super One Foods

    1.63 miles

  • Almacen La Isla de Cataño

    1.74 miles

  • Don Goyo Mini Market

    1.75 miles

  • Super Ahorros Eliud

    1.82 miles

  • All Ways 99

    1.85 miles

  • Colmado y Carnicería Vega

    1.85 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Milton Cofresi

Christiansen Commercial Real Estate

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