68-50 Ave 11 #68-50 - Tierra Negra
68-50 Ave 11 #68-50 - Tierra Negra
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$ 2,000,000
Est. payment | /mo

75 Baths

35,500 SqFt


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$ 2,000,000
Est. payment | /mo
Save

75 Baths

35,500 SqFt

Key Details

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Active

Purchase Type For Sale

Square Footage 35,500 sqft

Price per Sqft $56

MLS Listing ID R11169517

HOA Y/N No

Year Built 1980

Tax Year 2025

Lot Size 1.000 Acres

Acres 1.0

Property Sub-Type Hotel/Motel

Property Description

Unique opportunity to acquire the iconic Apart Hotel Presidente, strategically located in Maracaibo, Zulia State, Venezuela, one of the country's most important commercial and oil-industry hubs. This established hospitality property offers a strong foundation for investors seeking to reposition, redevelop, or expand a hotel asset with significant upside potential.

The property sits on approximately 3,607 m² of land (≈0.89 acres) and features more than 4,300 m² (≈46,000 sq ft) of construction, distributed across multiple floors. The hotel includes 68 guest units, including 24 apartment-style suites, making it well-suited for both short-term and extended-stay accommodations. On-site amenities include a restaurant and bar, outdoor swimming pool, four event and conference rooms, terraces, laundry facilities, administrative offices, two elevators, six retail/commercial spaces, and two parking areas. The building's layout provides flexibility for multiple business strategies such as continued hotel operations, extended-stay apartments, corporate housing, medical offices, student housing, or a mixed-use redevelopment project.

Located in the Tierra Negra district, a central and accessible area surrounded by commercial centers, medical facilities, banks, and business offices, the property benefits from strong visibility and convenient access.

In today's Venezuelan real estate market, established assets like this represent a highly attractive entry point for international investors, with the potential for substantial appreciation through repositioning and operational optimization.

Ideal for:

International hospitality groups

Real estate investment funds

Developers seeking adaptive reuse or repositioning opportunities

A landmark property with a recognized name, prime location, and multiple redevelopment possibilities--ready for the next investor to unlock its full potential.

Location

County Other

Community Laundry Facilities, Pool

Area 5990 - International

Zoning Industrial

Interior

Interior Features InteriorFeatures

Heating Central, Electric

Cooling Central Air

Flooring Concrete, Ceramic Tile, Marble

Fireplace No

Exterior

Pool Community

Community Features Laundry Facilities, Pool

Roof Type Other,Slate

Accessibility Accessibility Features

Building

Lot Description City Lot

Dwelling Type Hotel/Motel

Building Description Block,Concrete, Common Lounge,Conference Room,Elevator(s),Janitorial Service,Kitchen Facilities,On Site Management,Private Restrooms,Public Restrooms,Reception Area,Restaurant

Structure Type Block,Concrete

Others

Security Features Fire Alarm,Smoke Detector(s)

Acceptable Financing Cash

Listing Terms Cash

BeachesMLS, Inc. (FLR) IDX
Listed by Nelida I Kehle Illustrated Properties LLC (Co

Schools and Properties Nearby

Angela Duncan

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(813) 538-9890

angelacduncan@gmail.com

1400 S International Pkwy #1020, Lake Mary, FL, 32746, USA

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68-50 Ave 11 #68-50 - Tierra Negra