703 m² Development Land in Bella Vista–El Cangrejo
A 703 m² canvas for a mixed-use vision in Bella Vista
El Cangrejo, Panamá
Active
$885,599
USD$1,260 / m²
- 703 m²Lot area
- FlatTopography
Overview
A flat, rectangular 703 m² parcel brings a substantial development opportunity to the Bella Vista–El Cangrejo area of Panama City. With 18.5 metres of frontage and 38 metres of depth, the site offers a clearly described footprint for investors considering a high-intensity urban project. The land carries MP-RM3-C2 zoning, described as permitting multifamily buildings with commercial spaces on the ground floor and a maximum net density of 1,500 people per hectare. The appraisal identifies high-intensity commercial use as the highest and best use for this vacant parcel, while the zoning also presents potential for a residential and commercial mix. Bella Vista–El Cangrejo is described as an established urban setting with residential, commercial, hotel and corporate activity. The parcel is identified on Calle 44 Este, with Vía España and Avenida Balboa named among the key nearby avenues. The USD 885,599 asking price equates to approximately USD 1,259.74 per m² of land. Explore the zoning, appraisal and development requirements with your project team, then arrange a closer look at this Panama City investment opportunity.
In Short
This Panama City land parcel has 703 m², an 18.5 m frontage, a 38 m depth and stated MP-RM3-C2 zoning. The asking price is USD 885,599, or approximately USD 1,259.74 per m².
Before You Decide
- Confirm zoning, density calculations, permitted uses, setbacks and height restrictions before committing to a development concept.
- Verify the survey, land area, frontage and depth against current boundary measurements.
- Obtain legal title, registry, tax and lien documentation during due diligence.
- Confirm the site location and nearby-road distances because the supplied coordinates and location claims do not align.
Highlights
- 703 m² land parcel offered for USD 885,599
- Flat, rectangular configuration
- 18.5 m frontage and 38 m depth
- MP-RM3-C2 zoning
- Multifamily and ground-floor commercial development potential
- Maximum net density stated as 1,500 people per hectare
- Appraisal identifies high-intensity commercial use as the highest and best use
- Bella Vista–El Cangrejo setting, with Vía España and Avenida Balboa named nearby
At a Glance
- Status
- Available
- Asking price
- USD 885,599
- Price per m²
- USD 1,259.74
- Land area
- 703 m²
- Frontage × depth
- 18.5 m × 38 m
- Zoning
- MP-RM3-C2
- Property type
- Land
- Neighborhood
- El Cangrejo
- City
- Panama City
- Listing ID
- CNV-PROP-070972
Key Facts
- Category
- Land
- Unit type
- Land Lot
- Listed
- 5 October 2026
- Last updated
- 5 October 2026
Gallery
11 photographs of this residence.
Explore Titled lot
Take a closer look before you travel.
No video on file for this unit yet. We can walk you through it live over WhatsApp — most buyers outside Panama start that way.
Features & Finishes
Layout
- Bedrooms
- 1
- Full baths
- 1
- Total
- 703 m² · 7,567 ft²
Parking & Storage
- Covered
- No
Costs & Financing
Everything you would actually pay, not just the asking price.
Purchase Summary
- Asking price
- $885,599
- Price per m²
- $1,260 / m²
- Cash to close (est.)
- $265,680at 30% down
Mortgage Estimate
- Down payment
- 30% · $265,680
- Loan amount
- $619,919
- Rate (assumed)
- 6.25%
- Term
- 30 years
Estimated monthly payment
$3,817
Principal and interest only
An illustration, not an offer. Panamanian banks lend up to about 70% to residents and 50–60% to non-residents; your rate depends on the bank, the term and your file.
Monthly Carrying Cost
Property tax$0
Insurance$0
Total, before mortgage:$0 / month
If you let it out
How It Compares
- At USD 885,599 for 703 m², the asking price is approximately USD 1,259.74 per m², calculated from the stated price and land area.
- The parcel has stated dimensions of 18.5 m frontage by 38 m depth.
Value Comparison
Asking price per m², against the building, the sector and the country.
Titled lot$1,260 / m²
El Cangrejo average$2,239 / m²
Panama average$4,306 / m²
Asking 44% below the El Cangrejo average. Ask us why; sometimes there is a good reason and sometimes there is a reason.
Investment Case
A 703 m² flat, rectangular parcel in the Bella Vista–El Cangrejo area, offered at USD 885,599. The stated MP-RM3-C2 zoning supports mixed-use development potential, subject to due diligence.
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- Gross yield
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- Net yield (est.)
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- 5-yr area growth
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- Days on market
The stated zoning and the appraisal's high-intensity commercial highest-and-best-use assessment make development feasibility, municipal requirements, and due diligence important next steps.
Price History
- Listed · October 2026$885,599
How You Can Pay
This residence is not attached to a building page in our directory.
Living in El Cangrejo
Bella Vista, Panamá
703 m² land for sale in El Cangrejo
El Cangrejo, Panamá
Positions are schematic, spaced by travel distance.
Get directionsEl Cangrejo on Casanova today
- Active sale listings
- 249
- Active rentals
- 0
- Median asking price per m²
- $2,071
Getting Around
Bella Vista, Panamá, Panamá · —
Address shown to neighborhood precision for the owner's privacy. The exact address is shared when a viewing is confirmed.
Frequently Asked Questions
How large is the land parcel?
The stated land area is 703 m².
What is the asking price?
The asking price is USD 885,599.
What zoning is stated for the land?
The stated zoning is MP-RM3-C2. Confirm the current permitted uses and development parameters with the relevant authorities.
What are the parcel dimensions?
The stated dimensions are 18.5 m of frontage and 38 m of depth.
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Interested in 703 m² Development Land in Bella Vista–El Cangrejo?
Speak to our team — viewings in person or by video, usually within 48 hours.