Stalled Project For Sale on Avenida Balboa Panama

Project For Sale on Avenida Balboa

Approvals can take up to 16 months in Panama. However, this project for sale on Avenida Balboa is 100% shovel ready.

Zoned RM3-C2, this project was originally designed to include a total of 164 units each. The design included 28,000m2 of apartments and 2,600m2 of commercial space.

The property is sold with all plans and approvals, all of which are current and in good standing.

About Avenida Balboa

Avenida Balboa is considered to be one of the most attractive areas in downtown Panama. The building lot sits between a high rise and commercial development. This makes the location perfect for a high-density residential project.

Stretching along the Panama Bay, Avenida Balboa is one of the most sought-after areas in the City. Thanks to its luxury buildings, stunning views, and convenient location. This is where some of the city’s newest and highest-profile apartment buildings stand. Most coming complete with rooftop pools, and ample social areas.

There’s plenty else along Avenida Balboa besides just residential buildings, though. From the avenue, it’s easy to access the Cinta Costera for all your outdoor exercise needs. It’s also located close to some of the best restaurants in the City and not far from the Multiplaza Mall. You’ll likely pay a premium for an address on Avenida Balboa, but most residents would agree that it’s worth it.

If you are a buyer looking to develop, this could be the perfect opportunity to enter the Panama real estate market. 

The lot is adjacent to several 30+ story high rises as well as several boutique shops and restaurants.