Prime Commercial Lot for Sale, Downtown Panama City

Banco Pichincha - Bufete Illueca, Avenida Nicanor de Obarrio, Obarrio, Bella Vista, Distrito Panamá, Panamá, 1080, Panamá

For Sale

$13,250,000

Area

34445 Sq Ft 3200 m²

Description

This lot for sale is located in one of Panama’s busiest areas: The 50th Street, or Calle 50.

Adjacent to Marbella and Obarrio, this high-density commercial/residential lot (RM3-C2) offers the highest available zoning in Panama to develop skyscrapers that combine commercial use for shops, stores, malls, and also residential units as part of the same project.

The sheer size of the lot allows for a multi-phase project, and investors can benefit from developing one, two, or even three towers when the project has been completed.

It is not every day that you come across a lot like this one, located in the heart of the Business District of Panama City, with tons of potential!

This property can be acquired with building plans and qualifies for bonus zoning.

The Neighborhoods around the area

Obarrio really does have a little bit of everything to offer visitors and residents. Obarrio is home to the famous screw-shaped F&F Tower and here you will find many companies and businesses. As a result, Obarrio continues to grow in popularity with young professionals and international ex-pats.

Obarrio isn’t just about work though. The area also offers great restaurants, shopping, and grocery stores close by. Here you will find plenty of hotels, casinos, and varied dining options, which makes it popular with ‘out-of-towners’ as well.

Whether it’s dining or apartments, something upscale or laid-back, there’s a good chance you’ll find it in Obarrio.

Check out our properties on the market in Obarrio

Marbella is a ritzy neighborhood just off of Avenida Balboa. Here you will find top-notch real estate and plenty of amenities and entertainment.

This affluent area includes plenty of cafés, cocktail bars, and restaurants where residents flock. It’s also home to the exclusive Balboa Boutiques Panama Strip Mall. Here you can take advantage of the many spas, beauty salons, and high-fashion shopping.

Residents who enjoy spending time outdoors tend to head to the Cinta Costera where they can walk, jog, or bike to their heart’s content. All while they take in stunning views of the coast and city skyline, of course.

Check out our properties on the market in Marbella

For additional information on this amazing lot, contact us now!