This 5 room hotel with spacious penthouse double suite apartment, to live in or also rent, is located directly across street from the Caribbean Sea in the heart of the most desirable area of Bocas Town. Isle Colon, Panama. Close to Costa Rica border. Situated on a titled corner lot surrounded by iron fence and tropical plants, this quality constructed 5 year old building is a hotel/residence at present, but could be utilized in numerous ways including office space, corporate retreat or as an in-town vacation residence for large/multiple families. All rooms are wired for separate electric, cable television and telephone for flexibility in room use. Each ground level room has private bathroom, remote controlled air conditioning and television. Ground floor office, utility room, large patio, and work room. The top floor of the hotel is a spacious 2 bedroom, 2 bath split design residence, with each bedroom and living room having sliding glass doors to access the wide veranda. The penthouse apartment also has a living room, dining room, large kitchen, laundry area, and ample storage space. All wood work and doors are hand crafted of solid cedar wood, and the floors are tiled through out the entire building. The penthouse is surrounded on 3 sides by a wide veranda with spectacular views of the town and the sea. All measurements are approximate. This hotel generates a profit and financials will be provided to qualified buyers. Owner/manager retiring to other home in area. Selling Realtor 3% or 3% off list price if no Buying Realtor involved. Check these sites for more information on property and surrounding area: http://www.hotelitodelmar.com (has interior pictures showing decor and furnishings), Newsweek July 2009 article at http://www.city-data.com/blogs/blog7685-retirement-why-panama-new-florida-business.html and these two http://www.worldheadquarters.com/panama/destinations/bocas/ , http://en.wikipedia.org/wiki/Bocas_del_Toro_Province , http://www.bocas-del-toro.org/books.htm . Nearby outstanding scuba diving, swimming, surfing, water and land tours, Costa Rica, deep sea fishing, scenic vistas, boating, sailing, sea turtles, dolphins, manatees, fauna, etc. The sale includes a Panamanian “Holding” Corporation with all its land, real property (home/hotel building), and most personal property/furnishings. Ready to move-in and/or operate.
This property offers:
- Strongest possible construction of steel and concrete. Interior walls can be easily redesigned to change space use.
- Foundation raised before construction to have highest possible safety from any high water.
- Materials provide maximum resistance to fire or natural disasters with minimum deteriorating and maintenance compared to other properties in the area.- Best quality materials including vinyl siding, tile throughout, roofing with color impregnated in it, rust proof gutters. (the new gutters in 2009 are a type of plastic which does not rust) - First two levels include 10 rooms/separate spaces, 7 ½ bathrooms, interior and exterior laundry/utility rooms.
- Each bathroom and kitchen have separate on demand water heaters.
- Ten individual air conditioning units, one for each separate area, installed/located to offer maximum versatility in their use regardless of how walls are rearranged in the future.
- Highest quality materials and workmanship on all woodwork/cabinets/doors/ counters and furnishings.
- Highest quality dual-pane (two or more thicknesses with space between) glass exterior doors and windows for best possible exclusion of noise or heat and with screening.
- Lot fully built out for maximum useable space.
- Wall construction of steel framing and wall materials is such that 1st level floor plan can be changed easily by cutting out or rearranging walls.
- Oversized water holding tank with pump and filters for collecting rain water to increase water supply. Water is also supplied from the local water company via street conduits
- All areas electrically wired for almost unlimited arrangement of metering and division of space with sufficient circuits to support any of these.
- Extensive outside lighting.
- Current ground/first level provides multiple flexible use rooms which include:
- Five large rooms each with a full bath, separate air conditioner, one or more beds
(compete with mattress, pillows, liners, linen, and blankets), night stand, lamp, drapes,
wall storage and hanging cabinet, telephone outlet, cable TV outlet, wiring for future
addition of ceiling fan, solid steel exterior door,
- First level outside veranda and incide stairway to upper level living space
- Two adjoining rooms, currently used as office and reception room, with separate air conditioner, half bath, large storage room,
- 3-8 foot wide tiled walk on all four sides of building (covered on three sides)
- Street side concrete trash bin
- Laundry room with washer dryer and some storage.
- Large enclosure at east end of house around water storage tank/pump with
storage space and door access at each side.
- Current second level layout provides for living quarters upstairs, with private entrance, that includes:
- Two large master bedroom suites.
- Each has a large private bath and sliding glass doors to 8’ Wide wrap around covered
deck on two sides & 3’ covered deck on 3rd side; all with outstanding views of sea and
town.
- Each has extensive storage/closet areas with beautifully finished wood louvered
sliding doors with hanging rods, upper and end shelves, and drawers.
- One bedroom includes queen size bed, and a single bed with night stands a spacious bath with seating in the shower, and a spacious vanity with a lot of drawer space. - Second bedroom includes 2 double beds and a double sink vanity in the bath.- Living room with double sliding glass doors to deck living area also has 2 large built-in planters. - Ceiling fans and lighting in each bedroom, living room, kitchen, and dinette.
- Cable TV outlets in each bedroom and living room.
- Telephone outlets in each bedroom and kitchen
- Fabulous kitchen on upper level with enormous cabinet storage space and counter areas, lots of electrical outlets, full sink, stove, and refrigerator. Kitchen has door out on to the balcony for Bar-BQ grill if desired . - Dinette area
- Enclosed utility area off the dinette area for stackable washing machine and
dryer plus some storage.
- Beautifully finished pull down stairs in kitchen for access to third level under
high roof line above kitchen and with lots of square feet of open storage.
Builder suggested finishing this third level as additional rooms. Since added
finished space was not needed, the decision was made to defer this until needed
