2 Bedrooms Single Family Detached

Discover an exceptional opportunity on the Sea of Cortez: a versatile building directly on Loreto’s vibrant Malecón waterfront promenade. Constructed in 2004, this prime waterfront asset offers panoramic upper-level views, adaptable lower-level spaces, and expansive rear grounds—all in one of Baja California Sur’s fastest-growing tourism and real estate markets... Positioned steps from the marina, historic plaza, Loreto’s walking promenade, restaurants, and ocean activities, the property enjoys unmatched visibility and foot traffic. The upper level, formerly a highly successful 120 seat restaurant for 20 years, captures sweeping Sea of Cortez vistas, while the lower levels (previously employee housing) provide flexible space ready for creative transformation. Behind the building lies a large roofed area perfect for custom amenities such as a pool, pickleball courts, garden courtyard, event space, or additional build-out... Property Highlights:.. Unbeatable Location: Prime Malecón frontage in the Historical District of Loreto with direct waterfront access and high walkability for tourists and locals alike.. Size & Layout: Upper level with panoramic ocean views (previously a thriving restaurant); adaptable lower levels; generous rear open space for amenities or expansion.. Construction & Condition: Solid 2004 masonry construction, ready for targeted renovations to match your vision.. Zoning: Mixed-use—ideal for hospitality, retail/dining, residential condos, vacation rentals, or hybrid concepts. No major rezoning required.. Pricing: Offered at $1,300,000 (below replacement value), representing outstanding value compared to similar waterfront and centro properties in Loreto.. Loreto continues its strong momentum, with 2025 sales volume exceeding $42 million in the broader area. Driven by expat buyers, wellness tourism, protected marine park appeal, and new resort infrastructure, the market is poised for continued appreciation through 2026 and beyond. Malecón properties command premium pricing for their lifestyle appeal, ocean proximity, and tourism draw—making this a standout investment... Ideal Uses & Highest-Return Potential.. This property shines brightest as a mixed-use development that leverages its prime location, zoning flexibility, and proven restaurant history on the upper level:.. Signature Restaurant + Mixed-Use Commercial / Vacation Rentals (Highest Recommended). Reopen the upper level as a destination restaurant or rooftop-style dining experience with breathtaking Sea of Cortez views—building on its history as a very successful restaurant that drew strong local and tourist crowds. Pair it with ground-floor retail, café, or offices on the lower levels, plus residential condos or high-demand short-term vacation rentals. Develop the rear area into shared amenities such as a pool, pickleball courts, or private garden oasis for guests and tenants.. Projected Benefits: Multiple revenue streams from restaurant operations, commercial leases, and vacation rentals (4–8 units possible). The proven restaurant concept, combined with Malecón foot traffic, delivers immediate income potential and strong investor appeal.. Wellness, Recreation & Cultural Hub. Create a community destination with a spa, fitness/yoga studios, gallery, or boutique retail on lower levels, a view restaurant or café upstairs (reimagining the former successful space), and rear amenities including pickleball courts, a pool, or a small theater for events and workshops.. Projected Benefits: Capitalizes on Loreto’s growing wellness reputation with membership fees, classes, events, and F&B revenue—perfect for tourists and locals.. Renovation & Investment Notes. Targeted updates—such as plumbing/electrical refreshes, strategic window additions for light and views, and rear amenity development—can be completed efficiently. Local architects familiar with Loreto’s aesthetic and permitting process are recommended. Foreign buyers can utilize a Fideicomiso trust for residential component