Lot/Land for Sale in Maria Chiquita, Colon, Panama

360 Degree Views of Mountains and Blue Carribean Water

This is an absolutely perfect property for a developer who has the vision to build a project on this wonderful cliff-like property. It features 100 meters/300 feet of paved main road frontage. It's within 50 ft of white sand beach which is great for surfing, tanning, and fishing. The land consists of rolling hills with an increased elevation overlooking the town of Maria Chiquita and the new Condo, Bala Beach.
This land is so high and close that one can appreciate the view of ships entering and exiting the Panama canal. It has a small river which gives the property its own water supply and features 2 houses, one for owner, other for caretaker. The former has 2 bedrooms, 2 baths, a huge living room, a wrap around porch, an in-ground pool and breathtaking landscape that compliments the property well. All it neeeds is a little TLC to bring it back to life. It has the most beautiful view of the ocean and mountains.
The property also has a 2.5 year lease with a cell phone company for an antenna located at the highest peak of the property which brings in monthly revenue and can be cancelled at the end of contract. There is constant electricity and clean water supply. It is fully titled, 22 hts which equals approx. 55 acres. That's only $40,000 per acre for prime buildable land

Asking Price is $10.00/sq. meter which comes to roughly $2.2 Million