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$ 1,100,000
Est. payment /mo
New
El Cangrejo
8,653 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Lot Size 8,653 Sqft
Property Description
SALE PRICE: US$1,100,000
Located on Calle Augusto Samuel Boyd in El Cangrejo, one of Panama City's most established and strategically positioned urban neighborhoods, this 803.90 m² development site offers an excellent opportunity for investors and developers seeking a high-potential property in the heart of the city.
The lot features a flat, rectangular configuration with access to all essential public utilities. Its 1ZM8 – High-Intensity Mixed Use zoning allows for a broad range of development possibilities, including multifamily residential, commercial, office and high-rise projects of up to 40 floors, subject to applicable regulations and approvals.
The existing single-family residence is not considered in the property's market value, as the appraisal identifies development as the property's highest and best use.
PROPERTY HIGHLIGHTS
• 803.90 m² land area
• Prime location in El Cangrejo, Panama City
• Flat and rectangular lot
• 1ZM8 – High-Intensity Mixed Use zoning
• Potential for multifamily, commercial and office development
• Permitted building height of up to 40 floors, subject to regulations
• Access via Calle Augusto Samuel Boyd
• Water, electricity, telecommunications and sewer services available
• Existing residence not considered in market value
• Ideal for investors and developers
• Sale price: US$1,100,000
This property represents an attractive opportunity to develop a high-density urban project in one of Panama City's established districts, combining a central location with significant development potential.
Located on Calle Augusto Samuel Boyd in El Cangrejo, one of Panama City's most established and strategically positioned urban neighborhoods, this 803.90 m² development site offers an excellent opportunity for investors and developers seeking a high-potential property in the heart of the city.
The lot features a flat, rectangular configuration with access to all essential public utilities. Its 1ZM8 – High-Intensity Mixed Use zoning allows for a broad range of development possibilities, including multifamily residential, commercial, office and high-rise projects of up to 40 floors, subject to applicable regulations and approvals.
The existing single-family residence is not considered in the property's market value, as the appraisal identifies development as the property's highest and best use.
PROPERTY HIGHLIGHTS
• 803.90 m² land area
• Prime location in El Cangrejo, Panama City
• Flat and rectangular lot
• 1ZM8 – High-Intensity Mixed Use zoning
• Potential for multifamily, commercial and office development
• Permitted building height of up to 40 floors, subject to regulations
• Access via Calle Augusto Samuel Boyd
• Water, electricity, telecommunications and sewer services available
• Existing residence not considered in market value
• Ideal for investors and developers
• Sale price: US$1,100,000
This property represents an attractive opportunity to develop a high-density urban project in one of Panama City's established districts, combining a central location with significant development potential.
Listed by Fanny Valdes • Engel & Völkers Panama City
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