Sold
$599,000
6 beds 6.0 baths 0.1 Acres

TITLED CARIBBEAN STYLE BED AND BREAKFAST, ISLA COLON PANAMA

Panama properties for sale & Costa Rica, Mexico, Honduras real estate near Bocas del Toro, Bocas del Toro

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

United Country Bocas Del Toro



DETAILS

The famous Cocomo on the Sea Bed & Breakfast is an icon in Bocas Town. This oceanfront property had 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 along the bay on Ave North, it is within walking distance to downtown, and in the path of development-this makes the land alone a great investment.

Cocomo currently has 4 quaint rooms that could be rented, located in a separate building from the owners house. There is a spacious deck perfect for guest to relax. The owners home boasts 2 bedrooms and 2 baths with a large kitchen and small office area. The home and rooms face the sea with 90 feet of oceanfront-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 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 B&B, so has closed it down. He rents the house out to a family for upkeep purposes. The property needs a new owner to renovate and bring back to its former glory, or do something completely new. Apartments are badly needed in Bocas, so that may be one idea to consider.

Owner is willing to negotiate demolition of existing structures if planning new construction

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

  • Bed & Breakfast / Lodges
  • Coastal Property
  • Home in Town
PROPERTY DETAILS
  • Street Address: Ave North and Street 6, In Bocas Town
  • City: Bocas del Toro
  • State: Bocas del Toro
  • Postal Code: 00000
  • County: Panama
  • MLS#: 60002-17226
  • Year Built: 1992
  • Courtesy of : United Country Panama Paradise Bocas del Toro