Property Description

Investment Opportunity: Commercial Building with Mixed-Use Potential in Colón Strategic commercial and residential property for sale, located in a high-density, constantly moving area. Ideal for investors seeking to develop multi-family projects or high-intensity commercial establishments. Key Property Details: Premium Location: Situated in the Barrio Sur District (Corregimiento Barrio Sur), between Amador Guerrero and Justo Arosemena Avenues (10th and 11th Streets), Province of Colón. Land Area: 362.45 m² with 100% flat topography and a rectangular shape. Total Construction: 3-level building with a usable area of 1,030.92 m². Versatile Distribution Ground Floor: Multi-purpose area, office, and restrooms. First Level: Two offices, a large multi-purpose area, and two bathrooms. Second Level: Space for twelve (12) apartment units (require remodeling) with balconies. Zoning: RM-2 (High-Density Residential) and C-2 (High-Intensity Commercial), allowing for large-scale developments. Sector Advantages: Direct access via asphalt street and proximity to public transportation. Full services: Aqueduct (water supply), sewage, electricity, public lighting, and telecommunications (Internet/paid TV). Additional Equipment: Hydropneumatic pump system and installed video surveillance cameras. Market Value: B/. 350,000.00. This is a property with a projected "Highest and Best Use" for residential or commercial development as is, capitalizing on its privileged location in the heart of Colón.