Two-Story Restaurant
83 Calle Atocha, Ponce, PR 00731
For Sale
New
$2,600,000
The existing restaurant and lounge includes dining areas, bars, and dedicated entertainment space in downtown Ponce.
Property Size13,000 SF
Price / SF$200
Days on Market4
Property Features for 83 Calle Atocha
General Information
Standard status
Size
Additional Details
Asking Price
Currently Operating
Amenities
Finished
Concrete
false
Aluminum Frames
Owner
true
6900
0.16
Asphalt
Concrete Perimeter
City Street
13000
1
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
(352) 306-3806
Listed By:
Jose Vidal
Source:
Optimaonerealty
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 1:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jose Vidal
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Set along Calle Atocha in historic downtown Ponce, this two-story commercial property is occupied by a restaurant and lounge. Its interior includes dining areas, bars, and spaces for entertainment. Furnishings, fixtures, equipment, and other restaurant contents may be included in a sale.
The building dates to 1940 and sits within Ponce’s historic district.
The building dates to 1940 and sits within Ponce’s historic district.
Key Highlights
- Two‑story commercial property at 83 Calle Atocha in Ponce
- Existing restaurant and lounge use
- Dining areas, bars, and entertainment spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$111,916
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,238,320
$2.2M
Cap Rate 7%
$1,598,800
$1.6M
Cap Rate 9%
$1,243,511
$1.2M
Market Conditions
NOI Build-Up for 13,000 SF
Gross rent
$163.8K $12.60/SF
− Vacancy
−$14.6K −$1.12/SF
EGI
$149.2K $11.48/SF
− OpEx
−$37.3K −$2.87/SF
NOI
$111.9K $8.61/SF
Area
Ponce, PR
Vacancy
8.90%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,238,320
Cap Rate 7%
$1,598,800
Cap Rate 9%
$1,243,511
Alternative Uses
Best Use
Specialty Retail
$1.60M
$1.40M – $1.87M
NOI $111,916 @ 7.0% cap · market cap 4.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.11M
$1.85M – $2.47M
NOI $148,025 @ 7.0% cap · market cap 5.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Demographics for 00731, PR
12,292
Population
5,152
Households
2.4
Avg Household Size
47
Median Age
22%
College-Educated
70%
High-School Grad
49.0 sq mi
ZIP Area
251
Density / Sq Mi
$16,917
Median Household Income
$18,657
Median Earnings
$426
Median Rent
$86,800
Median Home Value
Market
Vacancy Rate% for Retail in the U.S.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The existing restaurant and lounge includes dining areas, bars, and dedicated entertainment space in downtown Ponce.
Where is this conventional restaurant located?
The property is located at 83 Calle Atocha Ponce, PR.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Two‑story commercial property at 83 Calle Atocha in Ponce; Existing restaurant and lounge use; Dining areas, bars, and entertainment spaces
