Titled Caribbean Style Bed and Breakfast, Isla Colon Panama

Ave North and Street 6, In Bocas Town, Bocas del Toro, PA-BO 00000

Description:

The famous Cocomo on the Sea bed and breakfast is an Icon in Bocas Town. This ocean front property has been a B&B from 1992 until recently and enjoyed much success. For many of us old timers it was one of the first places we stayed and remember fondly. Located on Ave North along the Bay, walking distance to downtown, and is in the path of development. This makes the land alone a real jewel. Cocomo currently has 4 quaint rooms that could be rented in a separate building from the owners house. There is a spacious deck to relax on and serve your breakfasts. The owners home boasts 2 bedrooms and 2 baths with a large kitchen and small office area. The homes and the rooms face the sea with 90 feet of ocean front. This is huge when compared with other properties being offered in the town of Bocas. There is also a small deck off the back facing the garden.  Out front you can rebuild the dock and sundeck. The garden area has mature landscaping for a luxurious feel with a private sitting area for shaded relaxation. There is also a storage area that has been converted to a small independent business. It is currently rented out for $200 a month. The entire 90 x 95 ft property (a double+ City Lot) is fenced for privacy. The current owner does not want to run a BnB so he has closed it down. He rents the house out to a family for upkeep purposes. The property needs a new owner to nenovate and bring it back to its former glory or do something completely new like other properties in the area. My suggestions are 1. renovate to former glory. 2. Tear down and build a three story 6 unit apartment building and rent out the units. Renovate the owners house for your self and have a cash cow due to the shortage of apartment rentals here. I can go over these scenarios with you in detail. The owner is even will to negotiate demoing the buildingd for you if that is what you want.   This location is one of fastest growing areas of Bocas and enjoys the best appreciation if you did nothing but sit on it..  Please be sure and ask for a private showing on this one. 

Property Address

Address :Ave North and Street 6, In Bocas Town
City:Bocas del Toro
County:--
Zip:00000
Country:Panama

Property Details

Property Id : 60002-17226
Property Type : Bed & Breakfast / Lodges
Price:
Property Size: 0.12
Bedrooms 6
Year Built : 1992
Property Building Size:
Bathrooms : 6

Property Features

Titled Bed and Breakfast
Oceanfront, in Bocas Town
4 rooms to rent
Separate owners home
Great location
non operating as of now
In the path of progress
Lots of potential

Property Map

Information

Anne-Michelle Wand

Property Relocation Expert


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