Strategically located between El Carmen and Transístmica Avenue, this property represents an exceptional opportunity for investors, developers, and end-users seeking an asset with strong appreciation potential in one of Panama City’s most connected urban corridors.

With a 1,010 m² (10,871 sq. ft.) lot, an existing 772 m² (8,310 sq. ft.) structure, and RM1-C2 zoning, the property offers flexibility for a variety of residential, commercial, and redevelopment uses.

Asking Price: USD 950,000

Key Highlights

1,010 m² (10,871 sq. ft.) lot with RM1-C2 zoning
Strategic location with direct access to El Carmen and Transístmica Avenue
Property held within a corporation, facilitating a potential share transfer transaction
Commercial retail space at the front currently generating approximately USD 600/month in rental income
Expansive indoor and outdoor living areas
Swimming pool, gazebo, and multiple terraces
Excellent repositioning, renovation, or redevelopment potential
Established neighborhood with strong connectivity and nearby services

Existing Layout

Ground Floor

• Oversized primary suite featuring two bathrooms, two walk-in closets, private office, living room, and dining area
• Kitchen
• Main living room
• Formal dining room
• Terrace
• Maid’s quarters with bathroom
• Laundry area
• Two storage rooms
• Swimming pool
• Gazebo

Upper Floor

• Five bedrooms
• Four bathrooms
• Family room
• Large open terrace

Development Potential

Thanks to its location, dimensions, and zoning, the property is suitable for a variety of future uses, including:

• Multifamily residential development
• Mixed-use project
• Professional offices or medical clinics
• Educational facility or daycare center
• Senior living residence
• Asset repositioning for rental income or resale

This is a rare opportunity to acquire a centrally located urban asset with immediate usability and significant long-term redevelopment potential in the heart of Panama City.