1000 m2 Beachfront Lot Located at Malibu Beach, Gorgona

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Province: Area/Town: Location: Panama Panama West Gorgona Map it Sale Price: Rent Price: Property Type: Total Area: $425,000 N/A Building Lot 1000 m2 Property ID: Times Viewed: Status: Date Published: 25966444 3,905 2007-07-31 m2:  = sq. ft   ha:    = acres

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.

• Gorgona
• Gorgona Real Estate