Former 12-room Hotel @ Old San Juan

Property Description

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.

Location Description

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.

Highlights

• The property is in shell condition and without electricity.
• Multi-level Parking: Directly across the street
• Levels: 7 stories
• Units: 12
• Cuerdas: .0489
• Site Area: 192 square meters
• 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

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