Iconic Lopéz Residence – Hospitality Venue @ Aguadilla - For Sale

The Lopéz Residence located in Aguadilla’s town core is a unique historical property currently operating as a boutique hospitality venue. The property is located directly across the Aguadilla Courthouse and surrounded by a diversity of governmental, commercial, educational & residential components, all of which create a strong demand for its ongoing culinary & hospitality services.The Lopez Residence located at 67 Calle Progreso currently enjoys property tax and income tax exemption. Originally built in 1914, this neoclassical property underwent significant renovations from 2021 to 2024. The Lopez Residence has been completely transformed into a unique hospitality establishment attracting both local and international visitors as a cocktail bar & private event venue, with a focus on private bookings, curated events, destination weddings, film, tv and editorial uses. This commercial property encompassing approximately 2,300 square feet of interior space within a 339 square meter lot, enjoys a 33.5’ balcony & porch directly across the Aguadilla Courthouse. The main property benefits from a Commercial Intermediate (CI) zoning, is fully permitted and operating, consisting of a high-end mixology services nestled between the main salon & bar area, three separate meeting rooms each with its own decor, comfortable women & man restrooms, and kitchen area. Additionally, a contiguous 145 square meter property also forms part of the property, potentially serving as parking area, development expansion and most importantly, the secondary entrance and access via Ruella Lequerica Street. Restorations & improvements include: preservation of property architecture, original tiles, custom built doors & windows, branding decor by selected antiques from Puerto Rico, New York, Italy, Paris & Spain, among other; plus, new: electrical installations (220 V), plumbing, climate system of seven split A/C units, DMX controlled lighting + integrated sound, roofing, and finishes. The Lopez Residence ongoing business operation has the potential to be expanded into a full service culinary & hospitality venue, maximizing its proximity to the Aguadilla Courthouse, numerous attorney & notary offices, governmental offices, residents, short term rentals and visitors in general seeking a destination. The property's current Commercial Intermediate (CI) zoning allows for a wide number of commercial uses, including, reverting back to full residential enjoyment, which is also an alternative for prospective buyers.