Large Buildable Lot on the Malecón: This large land parcel in the hip, tourism-driven town of Esperanza has unbelievable development potential. With almost an acre of land, accessible both from the Malecón and behind, this is a perfect site for a small hotel, a commercial center, or a mixed-use retail market — whatever your entrepreneurial imagination can muster up. The parcel is L-shaped with 72 feet of Malecón frontage, wrapping behind the current 18-degrees North building and spanning all the way back to the street behind. It is, in fact, the largest buildable commercial lot on the Malecón.

Currently, a small commercial building on the Malecón frontage-side of the property is being used as retail space, with all the proper permits in place to operate as such. The property is zoned residential, as are other commercial properties on the Malecón, but has a variance to operate as commercial. A Master Plan now under consideration would rezone the area for commercial use when approved.