Historic Development Land in Casco Viejo Panama City IMZ2
$700,000
Description
Historic Development Land in Casco Viejo Panama City IMZ2
Located in the heart of Casco Viejo, this property represents a unique opportunity to develop within one of the most iconic and high-demand historic districts in Panama City. Casco Viejo is internationally recognized for its architectural heritage, vibrant lifestyle, and strong tourism-driven real estate market.
This lot offers 453 m² of land (approximately 4,876 sqft), providing an excellent footprint for a boutique residential, mixed-use, or hospitality project within a protected heritage environment.
The property features IMZ2 zoning, allowing for a variety of development possibilities, including residential units, commercial spaces, or boutique hotel concepts, subject to heritage and regulatory guidelines. This zoning enhances the investment appeal, offering flexibility for developers and investors.
Casco Viejo is known for its walkability, cultural richness, gastronomy, and proximity to Avenida Balboa and the financial district, making it one of the most desirable locations for both local and international buyers.
Large development parcels in Casco Viejo are increasingly rare, especially those with flexible zoning and strong positioning within the district, making this a highly valuable opportunity.
With its combination of location, zoning, and development potential, this property represents a strategic investment in one of Panama’s most prestigious and historically significant areas.