Development opportunity in El Cangrejo – 1,000 m² lot zoned

Located in the heart of El Cangrejo, one of Panama City’s most vibrant and sought-after neighborhoods, this 1,000 m² (10,764 sq ft) corner lot offers an exceptional development opportunity. Zoned 1ZM7, it allows construction of a high-rise building up to 20 stories, making it an ideal investment for developers and investors aiming to capitalize on the growing demand for vertical residential and mixed-use projects in a prime urban location. This property features an existing 600 m² (6,458 sq ft) spacious building, perfect for immediate occupancy or rental income while planning future development. The current structure includes 4 bedrooms, 3 full bathrooms, 2 half bathrooms, 2 office spaces, and a large terrace, offering a versatile mix of residential and commercial use. The corner location offers excellent street frontage and visibility, enhancing the property’s commercial and residential potential. El Cangrejo is renowned for its walkability, cultural vibrancy, and proximity to universities, hospitals, banks, restaurants, supermarkets, and public transportation, making it a highly desirable area for tenants and residents alike. Whether you plan to build a boutique condominium, student housing, or a mixed-use complex, this site provides unmatched flexibility and a strategic location in one of Panama City’s most established districts. The opportunity to secure this rare and valuable asset is not to be missed.