Unique Investment Opportunity in the Heart of Chitré

Two adjoining lots are available for sale on Avenida Paseo Enrique Genzier, one of the main thoroughfares in Chitré and one of the most sought-after areas for commercial and urban development in the region. This prime location sits directly across from the National Bank of Panama, ensuring unmatched exposure on a high-traffic road with constant pedestrian and vehicular flow. The avenue connects Chitré’s downtown with key residential and commercial districts, offering easy access from various strategic points of the city. The lots have a combined total area of 3,000 m² (1,500 m² each), with a 60-meter frontage and 50-meter depth. The land is completely flat and construction-ready, with full access to urban infrastructure including sewage systems and electrical connections. Unlike many other areas in the region, these lots do not require septic tanks, providing a significant technical and financial advantage for any type of development. The asking price is $375 per square meter, well below the appraised value of $500 per square meter, presenting a highly attractive opportunity. Each lot is offered at $562,500, with a total price of $1,125,000 for both properties. Located on Avenida Belisario Porras, the site offers high commercial visibility and steady foot and vehicle traffic, making it ideal for retail plazas, medical centers, office buildings, franchises, supermarkets, or mixed-use projects. The surrounding area includes banks, shops, clinics, schools, and government offices, further enhancing the strategic value of the location. Don’t miss this chance to acquire premium land in one of the fastest-growing areas in the Herrera province.