Land for sale in Rio Chico Pacora

Rio Chico Pacora Land for Sale Description

Land for sale in Rio Chico Pacora, Panama Este real estate! At the beginning of May 2024, Walter Sciacca from Sciacca International Projects and Miguel Vallarino from Hacienda Tanara signed a Memorandum of Understanding to develop a high-end housing project named Luxury Villas & Private Circuit.

They are planning to build 10 houses in 5,000 sqm lots each. Also, each house has inside space for 60 luxury cars and 30 motorcycles. The track will have all the security international norms, and the length will be 7.6 kilometers.

Also, the project will have a 3,000 sqm clubhouse, and each house include exclusive individual facilities. Besides the development project extension has 300 hectares.

Walter Sciacca is internationally recognized for his experience mixing high-end housing development with automobile circuits. The Rio Chico land for sale is a only 10-minute drive from Hacienda Tanara development.

Furthermore, the land for sale in the Rio Chico Pacora location is east of Panama City, and Pacora is made up of communities with several inhabitants. For example, areas such as Tocumen, December 24, the herons, and Chepo are close to Pacora.

Pacora is a corregimiento of Panama City in the east. During the last few years, the Pacora Corregimiento has grown fast. Industrial and housing development on both Panamerican Highway and Route 1.  For example, after the 24 de Diciembre location, you find many Free trade zones like Panama Logistic Park, Panapark & Parque Industrial Las Americas.

Due to its proximity to the Tocumen International Airport, the junction of the North and South corridors, and subway line 2, the development of large logistics complexes, factories, and processing areas. For this reason, the demand for lands and lots along the Pan-American Highway has grown in recent years. 

Location

The location is on the edge of the Pan-American Highway (Route 1). The sector known as Rio Chico, the lot consists of 3 neighboring estates adjoining, facing the Pan-American Highway and access through a secondary street. 

With a total of 45,605.97M2 and in front of the Pan-American Highway of 87.7 meters, the lot is ideal for industrial development, and commercial or residential development of low and medium density.

After the metro’s second line expansion and the proximity to Pacora town, many housing developments started construction in the area. Also, housing developments continue growing because the government offers incentives like “Bono Solidario.”

The Bono Solidario is USD$10,000 (ten thousand dollars) incentive to the housing developer, and they transfer the discount of this amount from the house price list. With the Bono Solidario and the discount on the banking interest rate, many families can obtain a home for the family.

The property has two houses and open storage of 485 m2.

For additional information, like scheduling an appointment or financial facilities, contact us by WhatsApp: +(507) 6179-5869