68-50 Ave 11 #68-50 – Tierra Negra, 00000 (MLS# R11169517)
$2,000,000
00000
MLS# R11169517
35500 sqft
1 / 1
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.
Details
Contract Information
Comp Sale YN: No
Listing Contract Date: 2026-03-06
Status: Active
Original List Price: 2000000
List Price: $2,000,000
Current Price: $2,000,000
Location and Legal
County Or Parish: Other
County Parish Name: Other
Property Description: Hotel
Country: Venezuela
Street Number: 68-50
Street Name: Ave 11 #68-50 - Tierra Negra
Postal Code: 00000
Area: 5990 - International
Parcel Number: 000000000
Zoning: Industrial
Directions: Avenida 11 N.º 68-50, entre calles 68 y 69
Sector Tierra Negra
Maracaibo, Estado Zulia
Venezuela
General Property Information
Accessibility Features YN: Yes
Lot Size Area: 43560
Stories: 7
Property Sub Type: Hotel/Motel
Building Area Main: 35500
Building Area Source: Owner
Year Built: 1980
Lot Size Acres: 1
Currently Not Used
Number Of Units Total: 68
Remarks and Miscellaneous
Public Historical Remarks: Building Type: Y, Miscellaneous: Y
Office/Member Information
DXORIGMLSID: RML
Electric
Three Phase: 1
Flooring
Ceramic Tile: 1
Concrete: 1
Marble: 1
Documents Available
Books & Records: 1
Equipment Inventory: 1
Structure Type
Hotel/Motel: 1
Location of Property
City Location: 1
Possession
Close Of Escrow: 1
Negotiable: 1
Building and Property Details
# Of Offices: 5
# Of Toilets: 75
% Air Conditioned: 100
Maximum Ceiling Height: 12
Building Features
Elevator(s): 1
Inside Corridors: 1
Janitorial Service: 1
Kitchen Facilities: 1
Laundry Facilities: 1
Lobby: 1
Lounge: 1
Manager On Premises: 1
Meeting Room(s): 1
Pool: 1
Private Restroom(s): 1
Public Restroom(s): 1
Reception Area: 1
Restaurant: 1
Business Type
Bar/Tavern/Lounge: 1
Heating
Central: 1
Electric: 1
Sale Includes
Building: 1
Land: 1
Construction Materials
CBS: 1
Concrete: 1
Listing Terms
Cash: 1
Roof
Slate: 1
Other: 1
Security Features
Fire Alarm: 1
Smoke Detector(s): 1
Source Of Expenses
Owner Provided: 1
Description of Unit Type 1
Unit Type: 1 Bedroom
Units Total: 68
Furnished: Yes
Description of Unit Type 2
Unit Type: Shop(s)
Units Total: 4
Cooling
Central Air: 1
Central Building: 1
Showing Requirements
Call Listing Agent: 1
Price Calculations
Current Price To SqFt: 56.33
Financial Information
Tax Year: 2025
Tax Legal Description: Ave 11 #68-50 - Tierra Negra
Status Change Information
Major Change Timestamp: 2026-03-06T22:13:48Z
Major Change Type: New Listing
Status Change Date: 2026-03-06
Originating Details
Originating System Key: 20260227190135436340000000
Originating System ID: M00000170
Property Features
Building Features: Elevator(s); Inside Corridors; Janitorial Service; Kitchen Facilities; Laundry Facilities; Lobby; Lounge; Manager On Premises; Meeting Room(s); Pool; Private Restroom(s); Public Restroom(s); Reception Area; Restaurant
Business Type: Bar/Tavern/Lounge
Documents Available: Books & Records; Equipment Inventory
Electric: Three Phase
Flooring: Ceramic Tile; Concrete; Marble
Heating: Central; Electric
Location of Property: City Location
Possession: Close Of Escrow; Negotiable
Sale Includes: Building; Land
Source Of Expenses: Owner Provided
Construction Materials: CBS; Concrete
Cooling: Central Air; Central Building
Listing Terms: Cash
Roof: Slate; Other
Security Features: Fire Alarm; Smoke Detector(s)
Structure Type: Hotel/Motel
Showing Requirements: Call Listing Agent
Supplements
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.
Listing Office: Illustrated Properties LLC (Co
Last Updated: March - 07 - 2026
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