PHOTOGRAPHS BELOW OF APARTMENTS AND
WAREHOUSE/BUSINESS SPACE
This income generating commercial property is the ideal opportunity for a buyer to purchase existing businesses without the hassel and expense of construction. A buyer will also benefit from current advertising, existing website, as well as the fact the sale price includes the Corporation in which the property is held.
Conveniently located behind the Bocas International Airport on the main island of Isla Colon, this location is ideal for rental of lower warehouse/office space to service providers requiring proximity to airport, i.e., UPS, Federal Express and other transportation operators, as well as tour companies and other touristic businesses.
FEATURES AND INCLUSIONS
Situated on 3 TITLED lots - Total Lot Size: 654M2
Constructed in January of 2007, with 18 years remaining on tax exemption.
Sale price includes existing corporation in which the land and improvements are held.
9 studio apartments, each with new appliances and fully furnished. Each unit features vaulted ceiling, local hardwoods and craftsmanship. The approximate size of each of the Studio Apartments is 39M2.
5 Warehouse/Business locations, each featuring an office with full bath. All have adjoining roll-up doors offering opportunity for expansion of your business. The approximate size of each unit is 85.90M2
Building is built to USA standards, featuring metal roof, vinyl siding, 18” ceramic tile throughout.
Secure perimeter with wireless security system. Self-sustaining water supply with water purification system.
Covered community area.
Additional income stream is Laundry Station on premises.
Seller Will Consider Owner-Financing to Qualified Buyers
LIST PRICE: $999,000.00
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Photo Credit to Steve K.
GoogleEarth Image Based Upon When Satellite Image Taken
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INCOME POTENTIAL
9 Studio Apartments: $700 per month or $25 per night
5 warehouses: $600.00 monthly
Current Long-Term Rentals: 3 studio apartments - $550.00 monthly. 2 warehouses - $600.00 monthly.
This property offers limitless potential, including the opportunity for condo-conversion in the rapidly growing tourist destination of Western Panama. Perfect for In-House management.
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