* PIN 5084. One of a kind investment property for sale located in the heart of Panama´s Casco Viejo, a UNESCO World Heritage Site. This property pays for itself; it has tremendous upside potential for developers and a very high resale value. Currently, there is a Gourmet grocery store, a Bed and Breakfast and construction of two (2) five star hotels within two city blocks in either direction. The property has a 289.55 m2 (3,116 sq.ft.) footprint which can be developed into a residential or commercial space, with two parking spaces.
PRICE INCLUSIVE OF
Registered Panamanian corporation, and complete architectural plans for restoration (four (4) apartments with individual rooftop access, commercial space and parking), which are approved by all the pertinent agencies including INAC (Patrimonio Historico). INCENTIVES: Thirty (30) year tax exoneration, eligible for government subsidized bank loans for up to 30 years at 4% interest. |
