Prime Development Lot with Income – Unbeatable Location!

$ 3,800,000
Via España Esq. Via Porras, ,

Overview

  • Updated On:
  • October 27, 2023
  • 4 Bathrooms
  • 10 Garages
  • 1,495 m2

Description

Prime development lot with an unbeatable location at the corner of Vía Porras and Vía España. Take advantage of a recent one million dollar price reduction!

Plan your future development at this strategic location while receiving steady monthly income in the meantime. The lot features 1,495 m² with an easement on the back bring the total square meters to 2,156 m², creating opportunities for flexible parking and additional access points without constraining the use of the building lot.

Maximum RM3C2 provides the owner with unlimited developmental opportunities.

The current commercial plaza on the property provides a steady monthly income, ensuring a return on your investment while you plan for the future. The space distribution includes:

• A main space of 260 m² with 10 parking spaces, generating over $8,000 in monthly rent.
• Another functional space of nearly 60 m², earning an additional $4,000 per month.
• A ground-floor space of almost 60 m², plus a 30 m² office and terrace access, suitable for various types of businesses.
• A 2-bedroom apartment upstairs, which could potentially be converted into a restaurant or bar, further enhanced by terrace access.
Additional spaces are utilized for containers and storage.

This property offers a balance of immediate financial return and potential for future development. Contact us to arrange a visit and explore all the possibilities this property has to offer.

Address: Via España Esq. Via Porras
State/County:
Country: Panama
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Property Id : 254631
Price: $ 3,800,000
Property Size: 1,495 m2
Property Lot Size: 2,156 m2
Bathrooms: 4
Garages: 10
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Philip James Schlesinger