Future Resort Community Site/Cattle Farm $2.35/M2 for Sale in Outskirts, David, Chiriqui, Panama

Future Resort Community and High Return Cattle Farming Op

Located next to the Chiriquí River, this is the best land deal you will probably find this close to the city of David (10- 15 min. drive). IT WILL PAY FOR ITSELF while you develop. There is a high return cattle operation in place with over $600 K in sales per year. The property is 147 Ha.

The city of David will have soon an expanded airport with direct international connections which will result in an increase in tourism activity as well as more investment and demand for homes.

There is also a creek that runs through the farm. It is located only 30 minutes from Boquete, 35 minutes to the beaches of Las Lajas or Boca Chica and 2 hours to Bocas del Toro.

The land is currently used for cattle farming, so it is all green pastures and some trees. The property is on the road to Bocas del Toro, and 5 minutes from the Pan-American Hwy. It has access to electricity, Internet, phone service, good quality cell phone reception, and has a great source of underground water.

The property is so well located that it lends itself for a Resort Community type development with a "Country Club" feel. The owners are willing to sell for $3.5 million negotiable for the whole property or financing available at a price of $4.5 million (at least 50% down payment) or about $3.50 per m2 ($2.7 million) for half the property. Lots for $18 per m2 or $18 thousand per 1000 m2 lot. There is also a possibility for a partnership deal for the cattle and developing project depending on the proposal.

The property could also be developed into a Resort and Casino, with commercial spaces, water park etc. The land owners could participate depending on the proposal...

Don't miss out on this great opportunity and call Mr. Fung at the numbers provided above for a free tour of the property. Only serious inquiries please.