2.2 HA of beach front land for sale in Veracruz/Majagual within 20 minutes drive of down town Panama City. The land is titled and accessed by asphalted road. It counts with all public utilties including electricity, water, phone, and has access to broadband internet and satellite TV.
The property has 50 linear meters of beach frontage and is planted with teak that is 15-20 years old. The land borders a creek and has a very easy topography and is elevated from the creek, thus forming a private natural border on the western boundary of the property.
The seller is asking just 50 USD per m2. Beach front in the area of Veracruz has recently sold at auction for over 400 USD per m2.
This land is prime for development or investment as its located in an up and coming area by the name of Majagual, just 10 minutes from Panama Pacifico which is an area with special labor and tax incentives to attract large multi-national corporations. Currently about 200 companies are affiliated with Panama Pacifico, the most recognizable are Dell, Caterpillar and 3M.
Also within just 5 minutes drive is the Veracruz Beach which has a number of paddle clubs, and over a dozen beachfront restaurants.
The area is also benefiting directly from several large infrastructure projects that are underway and include: