Iconic Highway Building

Description

If you are looking for a unique property with stunning ocean views, great visibility, low operating costs, and tons of potential, this property checks all the boxes. Located on Highway 1 in San Jose del Cabo, near the Querencia development, this property is zoned both commercial and residential. It has great highway visibility from both directions, it's impossible to miss this property. The most visible building at the front of the property has about 1,000 square feet of open space, soaring vaulted ceilings, ocean views, and a bathroom. In its former glory days, this iconic building housed a the famous Doyle Art Gallery and a successful real estate brokerage. Built in 2000, the main building could be transformed into a showroom, office-space, retail store, or converted into a ssuper-cool surf hostel as it is just a couple hundred feet from one of the best surf breaks in the world! The carrying costs would be very low because there are no HOA fees, and the entire space is supported by $80,000 worth of solar panels and photovoltaic inverters. The residential/commercial hybrid zoning for this property may allow for up to four stories. Behind and above the large front-facing building are two bungalows (studios), each about 400 square feet with a shared patio, and space behind and between them for a service room/area, and possibly even a third second-story bungalow. The bungalows each have a private bath and kitchenette, as well as a sitting area. They would be the perfect units to rent to ocean-lovers looking for lodging within walking distance to the surf. The bungalows could also be used as residences or to house on-property staff. Both can be kept cool in the summer at no cost because of the ample solar panels. Owning this property is also an opportunity to own a very important part of Cabo's history. It was built by two Cabo pioneers, the late legendary professional waterman and artist, Mike Doyle, and real estate broker Marty Davis. There is currently parking for about 3 vehicles in the main parking area, with space for another two along the highway. The highway ramp can likely be modified to allow for a deceleration lane, and possibly even expand the driveway for easier access to the highway when leaving the building.