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Aerial view of a grassy hill with dirt paths leading to a lush green mangrove forest and blue water inlets under a clear sky. [AI-generated text]

Ocean View Land with Excellent Investment Potential

$1,050,000~€940,369
  • ~28,000 m² Living area

Description

Boca Chica, Chiriquí | Ocean View Land with Excellent Investment Potential Asking Price: US$1,050,000 Excellent investment opportunity in Cerro Cuchara, Boca Chica, surrounded by lush greenery and offering beautiful panoramic views of the Pacific Ocean and surrounding mountains. The property encompasses 2.8 hectares (6.92 acres), divided into 15 legally subdivided lots, ready for individual sale, providing a significant advantage for investors interested in residential or commercial development. Key Features: • Total land area: 2.8 hectares (28,000 m² / 6.92 acres). • 15 legally subdivided lots. • Panoramic ocean and lush landscape views. • One move-in-ready home. • Well water supply with storage tank and pumping system. • Electricity available. • Good accessibility, just a short distance from the main road and close to Punta Boca Chica. • Access to a small waterfront deck overlooking a natural tidal creek, perfect for enjoying the peaceful surroundings. Investment Potential Ideal for developing a residential community, vacation villas, a low-density tourism project, or selling the lots individually, subject to applicable permits and approvals. With the subdivision process already completed, established access, and utilities available, the property offers a valuable head start for investors looking to develop a project without starting from scratch. A unique opportunity combining a desirable location, beautiful ocean views, existing infrastructure, and flexibility for a variety of development possibilities.
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Engel & Völkers Panama City

Your advisor: Yemile Suarez

Property ID: AM-5539701

Property details
  • Property type

    Commercial Space

  • Living area

    ~28,000 m²

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