2 KM. 223.5 AVE PUNTO ORO PONCE PR 00731 MLS #PR9109496 | Gary Kusher | Florida Real Estate

Located on State Road PR-2, km 224.1, in Barrio Canas, Ponce, this parcel spans 267,434.11 square meters (68.04 cuerdas) with excellent access and borders the Caribbean Sea. It is adjacent to Marginal Street of PR-2 to the north, the Water and Sewer Authority and María L. Parra Capó estate to the east, and Universal Insurance Corp. and Rene F. Sotomayor estate to the west. The property is divided into two sections: 1. South of Las Batatas Stream (SRC-T, 43.24 cuerdas):Approved for a residential-touristic project featuring: Marina with 165 docking spaces, 82 villas with docks, 419 apartments & 120-room hotel; and 2. North of Las Batatas Stream (EV-4, 20.59 cuerdas): Zoned for vertical construction, with approval for a 110,000 sq. ft. commercial project with 519 parking spaces. An additional 9.69 cuerdas allow for 90,000 sq. ft. of future development. This parcel offers outstanding potential for mixed-use coastal development.