Terreno Isla Colon

Land for sale for Over The Water Shopping Plaza
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Property Details

Property ID
43849
Status
For Sale
Location
Isla Colon
Property Type
Establishment
Sale Price
$ 1,200,000
Year Built
2004
Built Area
200.00 m2
Date Published
Sep 4, 2024
Times Viewed
335

Property Description

This exclusive project is developed on two titled plots of 200 m², strategically located facing the sea, each benefiting from a 500 m² water concession, ensuring a unique appeal for investors. The designs have been carried out with careful attention to detail, respecting the colonial aesthetic that characterizes the city, in compliance with local regulations that seek to preserve its rich architectural and historical heritage. On the three upper floors, the project has planned up to 50 residential and hotel units, which will offer an exclusive and modern environment, while the ground floor will be dedicated to commercial units, turning the space into an epicentre of activity. In addition, the development of a nautical space has been approved that will allow for docking up to 10 boats, giving significant added value to the property, especially in such a sought-after area and with direct access to the sea. Not only has this project completed environmental impact studies and previously obtained construction permits, but these procedures can be easily reactivated to continue with the development, facilitating its viability. The proposal is presented as an excellent opportunity for those looking to co-invest in one of the most coveted and constantly growing areas. Alternatively, the option of acquiring the project in its entirety is offered, providing a gateway to the luxury beachfront real estate market, with a high potential return on investment due to its privileged location, both for tourism and residential life.

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