Home to one of Loreto’s most popular restaurants, the Mediterraneo Restaurant building located on Loreto’s oceanfront Malecon is now available for sale.
With 55.7 feet of frontage on the Malecon, incredible ocean views of the Sea of Cortez, and permission from the Municipality of Loreto to be used as commercial, residential, or mixed-use, the versatility of this property is unmatched.
Continue the existing operations of one of Loreto’s finest dining establishments or reimagine the space. The possibilities are endless.
Property Details
Lot Size: 7,600 Square Feet
Ground Floor: 3,842 Square Feet of enclosed space
2nd Floor: 2,460 Square Feet enclosed space, with 1,404 roofed terrace
Backyard Bar: 3,100 Square Feet enclosed space with Nucor metal building
Services: City water, power, sewer services
Commercial Property / Mediterraneo Restaurant
One of Loreto’s top restaurants for 18+ years (currently ranked #4 on Trip Advisor) Mediterraneo is an oceanfront restaurant with a diverse menu and excellent views of the Islands of Loreto from the 2nd floor outdoor dining terrace. The menu features Texas BBQ, local seafood, vegan, pasta, steaks, appetizers and excellent wines.
The upstairs restaurant is currently configured to seat 48 people inside and 48 people on the outside patio. Equipped with a full bar, commercial-grade kitchen equipment, a smoke room, a walk-in fridge and freezer, a wine storage area, etc. The property is being sold turn-key. The Mediterraneo brand, well-earned reputation for high-quality food and outstanding customer service, recipes, and FF&E assets are included.
The property has additional space, previously known as “The Backyard”. The 205 M2 building has a dance floor, a 15-foot movie screen on the outside wall, a full bar, a kitchen area, three bathrooms, and a capacity for 100 people. An ideal space for larger gatherings or special events.
Residential Property
This property could be utilized as a truly one-of-a-kind residence. Imagine a large open floor plan loft style, living room, dining room, commercial grade kitchen with floor-to-ceiling windows, and a large outdoor patio space to enjoy the best of indoor/outdoor living. Perfect for entertaining, walking distance to everything with the most spectacular views Loreto has to offer.
The current owner is currently completing an extensive renovation of the downstairs space with a two-bedroom apartment with an ensuite bathroom and a large walk-in closet. Also, downstairs is a small office, additional storage space, a 1/2 bath, and a large walk-in commercial-grade fridge and freezer.
The home has a very large covered outdoor area where the new owners could install a pool, pickleball court, or build out for more living space.
The current owner also has permission from the city to build an apartment on the third floor, install an elevator, and an option to construct private, off-street garage access, if desired.
Mixed Use
This property could also be utilized as a mixed-use space with retail on one floor and residential on another and is configured to allow private access to different spaces, so that the property could be utilized by two different businesses or tenants at the same time.
Other Details
Also available to be included in the sale, is the Mexican Corporation, MEDLORETO S DE RL DE CV. This corporation is in good standing, with no assets, liabilities, or debts. The ability to purchase the building via a Mexican Corporation could save the buyer significant time and expense.
All ownership paperwork is in order with a clean title.
Asking Price
The asking price is $1,300,000 USD
Schedule a Private Tour
For information, please contact Denise at (954) 608-7882 or email Denise@LiveInLoreto.com.
DISCLAIMER - All information contained in this listing is deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal notice. Live In Loreto Real Estate believes all information to be correct but assumes no legal responsibility for accuracy.
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