Stalled Project For Sale on Balboa Avenue Panama

Stalled Project For Sale on Balboa Avenue Panama

Stalled Project For Sale on Balboa Avenue Panama

For Sale

$15,000,000

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Year Built

land

Lot Size

0.693 acres 2805 m2
  • Ave. Balboa Panama stalled development for sale

Description

Approvals can take up to 16 months in Panama. However, this development property for sale 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.

The Area

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

If you are a buyer looking to develop, this could be the perfect opportunity to enter the Panama real estate market in one of the most developed areas of the city.

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

 

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