1000 m2 Beachfront Lot Located at Malibu Beach, Gorgona

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$425,000

N/A

1,000 m2
10,764 sq.ft.

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1137

7,589

2007-07-31

Lot Information:

This beach front lot is located on hard ground vs. sand, in an area where there are not erosion problems.
It is zoned RM3, which allows for hotel or condo tower up to 20 floors (depending on the density).
It is fully titled, and currently held in the name of a corporation.
The corporation is also registered at the MIVI (Ministry of Living).
The purchase of the land includes a MIVI approved masterplan designed by the architect Gustavo Guillen.
The profit potential of building condos or hotel could potentially generate from $10M to $40M in sales. If a hotel is built with 15 to 20 floors (300 rooms), a casino is possible.
The purchase of the land also includes the domain www.waterclubpanama.com.
The location is ideal on a white sand beach, within 200 meters of a world class surf break (Malibu), and within walking distance to Coronado.