DEVELOPMENT LAND IN EL CANGREJO

SALE PRICE: US$1,100,000 Located on Calle Augusto Samuel Boyd in El Cangrejo, one of Panama City's most established and strategically positioned urban neighborhoods, this 803.90 m² development site offers an excellent opportunity for investors and developers seeking a high-potential property in the heart of the city. The lot features a flat, rectangular configuration with access to all essential public utilities. Its 1ZM8 – High-Intensity Mixed Use zoning allows for a broad range of development possibilities, including multifamily residential, commercial, office and high-rise projects of up to 40 floors, subject to applicable regulations and approvals. The existing single-family residence is not considered in the property's market value, as the appraisal identifies development as the property's highest and best use. PROPERTY HIGHLIGHTS • 803.90 m² land area • Prime location in El Cangrejo, Panama City • Flat and rectangular lot • 1ZM8 – High-Intensity Mixed Use zoning • Potential for multifamily, commercial and office development • Permitted building height of up to 40 floors, subject to regulations • Access via Calle Augusto Samuel Boyd • Water, electricity, telecommunications and sewer services available • Existing residence not considered in market value • Ideal for investors and developers • Sale price: US$1,100,000 This property represents an attractive opportunity to develop a high-density urban project in one of Panama City's established districts, combining a central location with significant development potential.