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Land in Penonome

Fact Sheet
   
Land in Penonome

Location:

Cocle

City:

Penonome

Size:

1.31 Hectares / 4 Acres

Price:

From $ 47,250
 
Land in Penonome
 
Land in Penonome
 
Land in Penonome
 
Land in Penonome
 

Penonome investment Lots Timber estates

The Timber estate lots near Penonome are created with a long term view of the increasing value of real estate in Panama and are planted in teak giving them 2 factors that will increase their value over time. A prime location for future development. Located on the main road to La Pintada which is being extended to the Caribbean cost and located only 5 km for the main Pan-American intercontinental highway and 3.5 km form the fast growing town of Penonome. This project today has paved road access to the main project and city electric and water on the main road in front of the project. With a second dirt road access to the back of the project and dirt roads within the project. It is located adjacent to a small community with a connivance store and bus stop. This is an excellent investment because do you get land value appreciation, and there is also managed teak growing on the lot which almost guarantees a value growth of the investment. In the end the timber can be harvested and the lots resold for development at a much appreciated price. There is limited availability of these lots now available at $3.50 per m2 which allows you to get into a small land investment in a lot selling at the price of raw land in the area and they are planted with teak with a 25 year management contract as an extra bonus. The large lots have building areas and views to the near by mountains.

Location

Take the Pan-American intercontinental highway from Panama City about 147 km to Penonome. As you first enter Penonome you will see a shell gas station and an Esso gas station. Just after the shell but before the Esso you need to turn right on a road that Ys to the right. You follow this road through the center of town for 1 km. It will lead to the town square. You have to go left then right around the square to come out at the opposite corner of the square where the Police station is. You will now be on the road to La Pintada. You follow this road for 3.5 km and will see a bus stop that is painted blue on the right side of the road. The entrance to Timber estates is directly across on the left side of the road. Drive in to the small work shed and you will be looking at the lots and trees. The road through the plantation starts along the fence on the right side. It is best to walk from here. To go through and see the project.
 

Land in Penonome
 
Land in Penonome
 
Land in Penonome
 
Land in Penonome
 
 

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