San Blas Hills – Panama, Business Opportunity – PANAMA, Other Country (Not in USA)-001-11-30T00:00:00-05:00
TAKE ADVANTAGE OF THE INCREDIBLE TAX EXEMPTIONS AND BENEFITS FOR TOURIST INVESTMENTS IN PANAMA – For Sale Awesome Development of aprox. 150,000 sq.ft of Construction – 140 CondoUnits and 57 HotelUnits + Executive Golf Range and Pools – 65-70% Construction Ad

PANAMA, Other Country (Not in USA)

$17,900,000 USD
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AddressPANAMA, Other Country (Not in USA)
Building NameSan Blas Hills – Panama
Type of PropertyCommercial Condo, Hotel / Motel, Recreation Facility
Type of BusinessCondohotel, Resort
Business LocationOther Location
Property StyleOther Style
Price$17,900,000
Previous Price0 (65 days ago)
Property StatusActive
MLS NumberA10412033
Lot Size74 Acres
Year Built2018
Parking Space Number150
Folio NumberPanama Republic
Zoning InformationCOMMERCIAL
Days on Market386

Detailed Description: TAKE ADVANTAGE OF THE INCREDIBLE TAX EXEMPTIONS AND BENEFITS FOR TOURIST INVESTMENTS IN PANAMA – For Sale Awesome Development of aprox. 150,000 sq.ft of Construction – 140 CondoUnits and 57 HotelUnits + Executive Golf Range and Pools – 65-70% Construction Advance with Budget Estimate of $5 Millions for Full 197 Units + Ammenities Opening in 6 Months – Huge Potential in aprox. 74 Acres of Land, aprox. 9 Acres with High Density Zonning (Res, Hotel and Comm Uses) – Incredible Mountain Views and Weather 365 Days / Year – Located in the Highest Zone of Growth of Panama City – LEGAL INCENTIVES: Qualify for Tourist Incentives (Ley 6); 20 yrs Property Tax Exemption; 20 yrs Profit Tax Exemptions; 0% Custom Tax (Arancel) for Import Furniture or Construction Supplies and Equipments – VERY MOTIVATED SELLER

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Address Information
StatePa
CityOther Country (Not in USA)
CountyOther County
Zip CodePanama
AddressPANAMA
Business LocationOther Location
Geographic AreaOther Geographic Area (Out Of Area Only)
Financial Information
Price$17,900,000
Folio NumberPanama Republic
Tax Year2017
Full Descriptions
Detailed DescriptionTAKE ADVANTAGE OF THE INCREDIBLE TAX EXEMPTIONS AND BENEFITS FOR TOURIST INVESTMENTS IN PANAMA – For Sale Awesome Development of aprox. 150,000 sq.ft of Construction – 140 CondoUnits and 57 HotelUnits + Executive Golf Range and Pools – 65-70% Construction Advance with Budget Estimate of $5 Millions for Full 197 Units + Ammenities Opening in 6 Months – Huge Potential in aprox. 74 Acres of Land, aprox. 9 Acres with High Density Zonning (Res, Hotel and Comm Uses) – Incredible Mountain Views and Weather 365 Days / Year – Located in the Highest Zone of Growth of Panama City – LEGAL INCENTIVES: Qualify for Tourist Incentives (Ley 6); 20 yrs Property Tax Exemption; 20 yrs Profit Tax Exemptions; 0% Custom Tax (Arancel) for Import Furniture or Construction Supplies and Equipments – VERY MOTIVATED SELLER
How to ReachThe Development is Just 45 Minutes from Tocumen Int’l Airport, on the Way to the Indian Reserve of Guna Yala (Republic of Panama) and Only 50 Minutes to San Blas Islands Paradise on the Caribbean Coasts of Panama
Floor DescriptionCeramic Floor
Cooling DescriptionWall / Window Unit Cooling
Water DescriptionOther
Sewer DescriptionOn-Site Treatment
Parking DescriptionCommon Parking
Occupancy InformationCall Listing Agent
RemarksAWESOME CONDO HOTEL AND RESORT STYLE IN PANAMA – INCREDIBLE TAX EXEMPTIONS AND LEGAL BENEFITS FOR TOURIST INVESTMENTS – VERY MOTIVATED SELLER
Property parameters
Lot Size74 Acres
Zoning InformationCOMMERCIAL
Year Built2018
Type of PropertyCommercial Condo, Hotel / Motel, Recreation Facility
Type of BusinessCondohotel, Resort
StyleOther Style
Building NameSan Blas Hills – Panama
Construction TypeMetal Construction,Modular Construction,Other Construction
Street DirectionFlorida
Parking Space Number150
Listed withWULFF Realty