PANAMA, Other Country (Not in USA)
$17,900,000 USD
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| Address | PANAMA, Other Country (Not in USA) |
| Building Name | San Blas Hills – Panama |
| Type of Property | Commercial Condo, Hotel / Motel, Recreation Facility |
| Type of Business | Condohotel, Resort |
| Business Location | Other Location |
| Property Style | Other Style |
| Price | $17,900,000 |
| Previous Price | 0 (65 days ago) |
| Property Status | Active |
| MLS Number | A10412033 |
| Lot Size | 74 Acres |
| Year Built | 2018 |
| Parking Space Number | 150 |
| Folio Number | Panama Republic |
| Zoning Information | COMMERCIAL |
| Days on Market | 386 |
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
| State | Pa |
| City | Other Country (Not in USA) |
| County | Other County |
| Zip Code | Panama |
| Address | PANAMA |
| Business Location | Other Location |
| Geographic Area | Other Geographic Area (Out Of Area Only) |
Financial Information
| Price | $17,900,000 |
| Folio Number | Panama Republic |
| Tax Year | 2017 |
Full Descriptions
| 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 |
| How to Reach | The 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 Description | Ceramic Floor |
| Cooling Description | Wall / Window Unit Cooling |
| Water Description | Other |
| Sewer Description | On-Site Treatment |
| Parking Description | Common Parking |
| Occupancy Information | Call Listing Agent |
| Remarks | AWESOME CONDO HOTEL AND RESORT STYLE IN PANAMA – INCREDIBLE TAX EXEMPTIONS AND LEGAL BENEFITS FOR TOURIST INVESTMENTS – VERY MOTIVATED SELLER |
Property parameters
| Lot Size | 74 Acres |
| Zoning Information | COMMERCIAL |
| Year Built | 2018 |
| Type of Property | Commercial Condo, Hotel / Motel, Recreation Facility |
| Type of Business | Condohotel, Resort |
| Style | Other Style |
| Building Name | San Blas Hills – Panama |
| Construction Type | Metal Construction,Modular Construction,Other Construction |
| Street Direction | Florida |
| Parking Space Number | 150 |
| Listed with | WULFF Realty |