Excellent land at $3.50 per m2!

For sale / $46,000.00

Id#: 678
Listing type:
Lot/Land

Status: For Sale
Price: $46,000.00 to $53,000.00
Listed: 2008-10-02

Beds: 0
Baths: 0
Size: 12200m2 to 14500m2 | 131270ft2 to 156000ft2

Penonome, Penonome

Property Description

Well located just 3.5km from the town of Penenome - great property for development.

TEAK TREES dot this property - enhancing this investment.

Large lots - 2.5 acres and larger

Penonome investment Lots
Timber estates

The Timber estate lots near Penonome are created with a long term view of the increasing value of real estate in Panama and are planted in teak giving them 2 factors that will increase their value over time. A prime location for future development. Located on the main road to La Pintada which is being extended to the Caribbean cost and located only 5 km for the main Pan-American intercontinental highway and 3.5 km form the fast growing town of Penonome. This project today has paved road access to the main project and city electric and water on the main road in front of the project. With a second dirt road access to the back of the project and dirt roads within the project. It is located adjacent to a small community with a connivance store and bus stop. This is an excellent investment because do you get land value appreciation, and there is also managed teak growing on the lot which almost guarantees a value growth of the investment. In the end the timber can be harvested and the lots resold for development at a much appreciated price. There is limited availability of these lots now available at $3.50 per m2 which allows you to get into a small land investment in a lot selling at the price of raw land in the area and they are planted with teak with a 25 year management contract as an extra bonus. The large lots have building areas and views to the near by mountains.

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contact information

Jim Hawley

Address: Panama Sol Realty - Coronado Beach Office
Office: USA/Canada 1-888-906-7340 Office +507.240.1249
Cell Phone: +507.6219.6351
Email: jim@panamasolrealty.com

Panama Real Estate Property

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