Titled 1,072 m² development site in El Chorrillo, Panama City, with frontage on Avenida B, Calle 19 Oeste and Calle Pedro de Obarrio. It has an approved concept for ground floor + 11 levels, grandfathered RM3-C2 zoning (certified under transitional provisions) and an ATP tourism endorsement.

Height and density parameters were approved before the area's new regulations, which now limit new projects to 6 floors. This development capacity is very difficult to replicate in the area.

The scheme includes approximately 150 to 180 apartments, ground-floor retail and a full parking level. Under preliminary development scenarios, the land value represents approximately 6% to 8% of projected residential sales, excluding the commercial component.

Located between Casco Viejo, Amador and Cerro Ancón, in an area with strong public and private investment.

Sale or Joint Venture: in addition to an outright sale, we are open to structures with developers and investors, including land contribution, co-development or other alternatives.

Highlights:
• 1,072 m² titled · 3 frontages · double corner
• Price: US$1,960,000
• Approved concept: ground floor + 11 levels
• Grandfathered RM3-C2 zoning (transitional certification)
• Ground + 11 approved vs. 6 floors allowed today for new projects
• ATP tourism endorsement
• ~150 to 180 apartments + ground-floor retail
• Land at 6% to 8% of projected residential sales*
• Outright sale or Joint Venture

Plans, certifications and documentation available to qualified buyers and investors. Financial information and development assumptions available under NDA. Message us on WhatsApp.

*Indicative estimate, subject to final development assumptions, unit count and sale prices.
Renders and images are conceptual, for illustrative and volumetric estimation purposes only. The design can be modified.