For Sale $4,950,000 USD - Business
This property is prime real estate and a perfect beachfront hotel development site in the heart of Placencia Village.
The east side of the property boasts 400 linear feet of seafront land that extends to the sidewalk. It has six lots with clear titles and no covenants or restrictions and is ready to be developed. Each parcel is fully landscaped and has water and electricity, making this a perfect canvas for a new development site.
There are several structures already established on the land, which is an ideal start to a beachfront hotel development site. The house on Lot 8 holds three fully equipped, rentable units. A two-bedroom apartment covers the upstairs area, while two one-bedroom apartments are below.
The property stretches further, going west from the famous Placencia Sidewalk to the main road, which is the residential side of the property. Within this gated community, there are ten parcels, three of which have buildings and seven that are vacant.
There are two identical side-by-side houses—constructed in concrete with an approximately 2,700 square ft. footprint. Each home has two bedrooms upstairs and two more downstairs, equalling three rentable units for each home. These abodes are already generating income, with long-term tenants currently living in them.
The plans for these houses are available on request
One roadside commercial lot is developed and is home to a two-bedroom apartment upstairs, a single rental unit downstairs, and office space that is occupied by a local business
HIGHLIGHTS
- 3.04 Acres
- 400 ft of Beachfront Land
- Excellent Development Opportunity
- 16 Lots – Some With Dwellings
- In The Heart Of Placencia Village
- Water And Electricity Established
- Perfect Resort Development Opportunity
- Long Term Renters In Place
For more information, please contact:
Lyle Burke
[email protected]
Panama Office +1 507 6834-6390
Skype lyle_01
