The land for sale consists of three Titled Lots of which two are ocean front and the other is across the street in front of them. The two adjoining ocean front lots are each 10m x 20m (approx. 66 ft. of ocean frontage). The lot across the street is 10m x 20m.

Panama Partners located on Avenida Norte on Isla Colon, Bocas del Toro. The airport, stores, restaurants, and night clubs are only minutes away. There are two adjoining Titled lots (10m x 20m each) on the sea and one more (10m x 20m) across the Avenida and in front of them. So we have three (3) Titled 200m lots for sale.

We had begun to design a condo project for the water front lots. The lot across the Ave. is cleared. The two on the sea have a house over the ocean (old Bocas style) and a marine repair shop presently on them.

The Marine shop rents out for $1,500 per month plus boat space to dry dock and moor in the ocean. Dry dock space is $150 per month and we currently have five boats there. We will begin renting out water dockage for $100 per month next month (five spaces). The road between the properties is currently being repaved. There is a house over the ocean on the other ocean front lot, which would rent out for $1,500 per month.

Asking price is $649,000. We would finance half of the sale price for one year (with 10% interest) or discuss other options. Corporation included with two adjoining lots.