Development Land in Panama City with Zoning Approved

Development Land in Panama City

With high-density zoning approved, this property is located near downtown Panama City. Near the Bay of Panama and famous Balboa Avenue, it’s perfect for residential or commercial development.  

Based on the size and zoning, you can do a 114++ (depending on bonification) high rise, medical facility, or any other commercial project you can think of.  The area is surrounded by high-end apartments, universities, and is on the mass transit line. One of the main Metro stations is just a block and a half away.

There is an existing structure that was once rented to a restaurant. It is now vacant meaning it can generate income while you plan your development.

About Bella Vista

Bella Vista, located to the back of Avenida Balboa and Cinta Costera has seen significant investment in recent years. 

This is mainly due to its central location, which makes it easy to transport across the city, as well as the amenities available. For example, 24-hour supermarkets, a host of restaurants and bars, nightclubs, etc.

Bella Vista was once known for its old Spanish colonial-style homes, dating back to the 1930s. Yet, since the area has had a lot of growth, many beautiful and modern apartments now call this area home. Many of these properties in the area boast incredible ocean and skyline views.