Map Location

Description

Positioned on a highly strategic block just steps from Avenida Balboa, this 1,513 m2 property offers a rare development opportunity in one of Panama City's most central and evolving districts. The site sits directly along a corridor connecting Calidonia, the Cinta Costera waterfront, and the commercial core of the capital, placing it squarely in the path of continued urban transformation.

Currently improved with a modest three-level warehouse structure, the existing construction is functional but secondary to the underlying land value. For most buyers, the highest and best use of the property will likely involve redevelopment to maximize the density and visibility offered by the location.

* Land area: 1,513 m2

* Existing structure: 3-level warehouse building

* Zoning: 1ZM7 mixed-use development classification

* Strategic Avenida Balboa corridor location

* Walking distance to Cinta Costera and waterfront park

* Immediate access to major city transport routes

* Strong potential for vertical redevelopment

The 1ZM7 zoning designation allows for high-density urban development, typically supporting mixed-use projects that combine residential, commercial, hospitality, and retail uses. Developers may explore concepts such as residential towers, mixed-use complexes with retail podiums, urban hotels, or commercial office projects that capitalize on the visibility and connectivity of this central location.

Properties of this scale and positioning along the Avenida Balboa axis are increasingly difficult to assemble. For investors and developers seeking a foothold in the city's long-term growth corridor, this parcel represents a compelling opportunity to participate in the next phase of Panama City's urban progress.

Property Details

Location: Ave Balboa, Panama City

Price: $4,000,000

Bedrooms: n/a

Bathrooms: n/a

Location Type: Urban / Investment

Property Type: Commercial

Parking Spaces: n/a

Year Built: n/a

Area: m2 Lot: 1,513m2