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$ 1,450,000
Est. payment /mo
New
Coco del Mar
10,764 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Lot Size 10,764 Sqft
Property Description
Price: $1,450,000 | Land: 1,000 m²
Excellent investment opportunity along Vía Cincuentenario, strategically located in a highly visible and well-connected area of Panama City, with strong potential for residential, commercial, or mixed-use development.
One of the property's most valuable features is its approved 1ZM7 zoning – High-Density Mixed-Use Zone, significantly expanding its development possibilities and making it particularly attractive to developers and investors.
With its location, dimensions, and existing zoning, the property offers excellent potential for a high-density residential development, as well as other uses permitted under current regulations.
The property currently includes an existing residence, providing additional flexibility for investors who may prefer to reposition the property rather than undertake a new development. The existing structure could potentially be renovated or adapted for professional offices, educational facilities, commercial spaces, or other compatible uses, subject to applicable approvals.
Property Highlights
* Frontage on Vía Cincuentenario: Approx. 20 m
* Depth: Approx. 50 m
* Approved Zoning: 1ZM7 – High-Density Mixed-Use Zone
* Approx. 674 m² of existing built areas, with potential for renovation or adaptation to alternative uses.
* Excellent visibility and connectivity
* Potential for residential, commercial, or mixed-use development
A compelling investment opportunity combining strategic location, valuable high-density zoning, and development flexibility in an established area of Panama City.
Excellent investment opportunity along Vía Cincuentenario, strategically located in a highly visible and well-connected area of Panama City, with strong potential for residential, commercial, or mixed-use development.
One of the property's most valuable features is its approved 1ZM7 zoning – High-Density Mixed-Use Zone, significantly expanding its development possibilities and making it particularly attractive to developers and investors.
With its location, dimensions, and existing zoning, the property offers excellent potential for a high-density residential development, as well as other uses permitted under current regulations.
The property currently includes an existing residence, providing additional flexibility for investors who may prefer to reposition the property rather than undertake a new development. The existing structure could potentially be renovated or adapted for professional offices, educational facilities, commercial spaces, or other compatible uses, subject to applicable approvals.
Property Highlights
* Frontage on Vía Cincuentenario: Approx. 20 m
* Depth: Approx. 50 m
* Approved Zoning: 1ZM7 – High-Density Mixed-Use Zone
* Approx. 674 m² of existing built areas, with potential for renovation or adaptation to alternative uses.
* Excellent visibility and connectivity
* Potential for residential, commercial, or mixed-use development
A compelling investment opportunity combining strategic location, valuable high-density zoning, and development flexibility in an established area of Panama City.
Listed by Yemile Suárez • Engel & Völkers Panama City
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