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68-50 Ave 11 #68-50 – Tierra Negra, 00000 (MLS# R11169517)

68-50 Ave 11 #68-50 - Tierra Negra, 00000

$2,000,000
Property Type: Commercial Sale Square Footage: 35,500 Status: Active
Current Price: $2,000,000 List Date: 3/06/2026 Last Modified: 4/27/2026

Overview

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.

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-sta ...

Listing Details MLS# R11169517

General Property Information

Property Sub Type
Hotel/Motel
Number Of Units Total
68
Building Area Main
35500
Building Area Source
Owner
Year Built
1980
Lot Size Area
43560
Lot Size Acres
Yes
Accessibility Features YN
Yes
Stories
7

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

Contract Information

Comp Sale YN
No
Original List Price
2000000

Location and Legal

Country
Venezuela
County Or Parish
Other
County Parish Name
Other
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
Property Description
Hotel

Financial Information

Tax Year
2025
Tax Legal Description
Ave 11 #68-50 - Tierra Negra

Remarks and Miscellaneous

Public Historical Remarks
Building Type: Y, Miscellaneous: Y

More Information

Status Change Information

Major Change Timestamp
2026-03-06T22:13:48Z
Major Change Type
New Listing
Status Change Date
2026-03-06

Building and Property Details

# Of Offices
5
# Of Toilets
75
% Air Conditioned
100
Maximum Ceiling Height
12

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

Price Calculations

Current Price To SqFt
56.33

Originating Details

Originating System Key
20260227190135436340000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Electric

Three Phase
Yes

Flooring

Ceramic Tile
Yes
Concrete
Yes
Marble
Yes

Documents Available

Books & Records
Yes
Equipment Inventory
Yes

Structure Type

Hotel/Motel
Yes

Location of Property

City Location
Yes

Possession

Close Of Escrow
Yes
Negotiable
Yes

Building Features

Elevator(s)
Yes
Inside Corridors
Yes
Janitorial Service
Yes
Kitchen Facilities
Yes
Laundry Facilities
Yes
Lobby
Yes
Lounge
Yes
Manager On Premises
Yes
Meeting Room(s)
Yes
Pool
Yes
Private Restroom(s)
Yes
Public Restroom(s)
Yes
Reception Area
Yes
Restaurant
Yes

Business Type

Bar/Tavern/Lounge
Yes

Heating

Central
Yes
Electric
Yes

Sale Includes

Building
Yes
Land
Yes

Construction Materials

CBS
Yes
Concrete
Yes

Listing Terms

Cash
Yes

Roof

Slate
Yes
Other
Yes

Security Features

Fire Alarm
Yes
Smoke Detector(s)
Yes

Source Of Expenses

Owner Provided
Yes

Cooling

Central Air
Yes
Central Building
Yes

Showing Requirements

Call Listing Agent
Yes
Listing Office: Illustrated Properties LLC (Co
IDX
Last Updated: April - 27 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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