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LAND FOR RESIDENTIAL DEVELOPMENT | UP TO 5 STORIES

$773,400

Description

Sale Price: US$773,400 Land: 1,237.42 m² Zoning: R1B-E Reported Building Height: Up to 5 stories Location: La Cresta, Bella Vista – Panama City An attractive opportunity for developers and investors in La Cresta, one of Panama City’s most established, prestigious, and centrally located residential neighborhoods. With 1,237.42 m² of land and R1B-E zoning, the property offers potential for a residential development of up to 5 stories, ideal for a low-density boutique concept that complements the private and residential character of the area. DEVELOPMENT POTENTIAL • 1,237.42 m² of land • R1B-E zoning • Development of up to 5 stories, according to information provided by the property owner • Ideal for a boutique residential building • Located within a well-established and traditional residential neighborhood • Low-density setting, ideal for a concept focused on privacy and exclusivity • Strategic central location with convenient access to key commercial, financial, and service areas throughout Panama City A PRIME LOCATION FOR A BOUTIQUE RESIDENTIAL PROJECT La Cresta maintains a distinctive residential character despite its central location in Panama City. It offers the opportunity to be close to everything while enjoying a more private residential environment—an especially attractive combination for a low-density apartment development. An excellent opportunity to create a residential concept for buyers who value location, privacy, exclusivity, and the convenience of living in the heart of the city. A strategic location for a boutique residential development in La Cresta. Final construction and development parameters should be verified by the buyer with the corresponding authorities.
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Engel & Völkers Panama City

Your advisor: Yemile Suarez

Property ID: AM-5532973

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