Commercial for Sale in Boquete

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US$1,250,000 USD

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Ref 1132168 | Boquete, Chiriqui | Property

Currency services provided by PureFX US$1,250,000 USD  |  €1,168,006 EUR (Approx)  |  Approx.£1,005,770 GBP
  • Type: Commercial
  • Location: Boquete
  • Province: Chiriqui
  • Country: Panama
  • Bedrooms: 0
  • Bathrooms: 0

Aptly labeled "Hidden Valley", this area of Boquete was formerly considered a hidden gem... that was before the nearby gated community known as LOS MOLINOS became a success. 36 lot Master Planned Community, complete with all Government Permits and approvals ready for development. The sizes of the individual lots vary between 1,200 - 2,300 square meters. Mostly level and easy to grade with its meandering part time streams. The property is located in Alto Boquete and sits directly on the canyon of Caldera River (Rio Caldera). This property offers views of the Baru Volcano, Pacific Ocean; and the Cochea River Canyon. Eight lots are strategically located above the Caldera River and offer spectacular views of the seasonal waterfalls across the river canyon. The master plan for this project was designed to make the best use of the land and imbue character into each and every lot. All required plans have been engineered and approved. Current Price for the Finca and all plans and approvals is $1,250,000 [$15.62 per square meter] It would otherwise take close to 14 months and $40,000 – 50,000 to get the master plan and approval complete.Estimates to complete all the infrastructure such as roads, drainage, underground electric etc, would come to $280,000 +/-. (This includes asphalt of the road in from the main street).Lots on the Canyon would sell for up around $75+ per square meter. The lots behind closer to $65 and behind them perhaps less. The lots are generous in size and well laid out. Developed lots on the opposite side of the road on the other canyon are priced at $100 +/- per square meter (Los Molino’s).

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