990 m² RM2-Zoned Land in El Cangrejo
A rare 990 m² development opportunity near Vía Argentina
El Cangrejo, Panamá
Active
$990,000
USD$2,010 / m²
- 990 m²Lot area
Overview
Set half a block from Vía Argentina, this 990 m² El Cangrejo property combines an RM2 zoning designation with an existing multi-level structure. Its central Bella Vista location and substantial site area create a compelling opportunity for investors, developers and businesses considering their next Panama City project. The property includes approximately 492.60 m² of enclosed construction. The existing structure contains four apartments, commercial areas, offices, operational spaces, parking areas and independent sections, offering a range of spaces to assess alongside any future plans. The land is offered for USD 990,000, equivalent to USD 1,000 per square metre of lot area. El Cangrejo is an established, walkable urban neighborhood, and this property sits close to the Vía Argentina corridor. The location is positioned for residential, commercial and service-sector demand. The property is presented as having potential for residential, mixed-use, institutional, medical, educational and commercial projects, subject to the corresponding approvals. Contact Casanova Realty to discuss the opportunity and arrange further information.
In Short
The El Cangrejo property measures 990 m², has RM2 zoning and is listed for USD 990,000. It is half a block from Vía Argentina and includes four apartments, commercial areas, offices, operational spaces and parking areas within an existing multi-level structure.
Before You Decide
- Compare redevelopment plans with the existing four apartments and commercial, office and operational spaces.
- Verify RM2 parameters and any approvals needed for the intended project.
- Assess the existing structure, parking areas and enclosed construction before deciding on reuse or redevelopment.
Highlights
- 990 m² lot in El Cangrejo, Bella Vista
- RM2 zoning designation
- Half a block from Vía Argentina
- USD 990,000 asking price
- Approximately 492.60 m² of enclosed construction
- Existing multi-level structure with four apartments
- Commercial, office, operational and parking areas
- Potential for multiple project types, subject to approvals
At a Glance
- Status
- Available
- Asking price
- USD 990,000
- Price per m² of land
- USD 1,000/m²
- Land area
- 990 m²
- Enclosed construction
- Approximately 492.60 m²
- Existing structure
- Multi-level; includes four apartments
- Zoning
- RM2
- Neighborhood
- El Cangrejo
- Corregimiento
- Bella Vista
- City
- Panama City
- Listing ID
- CNV-PROP-070252
Key Facts
- Category
- Land
- Property type
- Land / Lot
- Unit type
- Land Lot
- Listed
- 5 October 2026
- Last updated
- 5 October 2026
Gallery
9 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
- 0
- Full baths
- 0
- Total
- 493 m² · 5,302 ft²
Parking & Storage
- Covered
- No
Costs & Financing
Everything you would actually pay, not just the asking price.
Purchase Summary
- Asking price
- $990,000
- Price per m²
- $2,010 / m²
- Cash to close (est.)
- $297,000at 30% down
Mortgage Estimate
- Down payment
- 30% · $297,000
- Loan amount
- $693,000
- Rate (assumed)
- 6.25%
- Term
- 30 years
Estimated monthly payment
$4,267
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
- The asking price equates to USD 1,000 per m² using the 990 m² lot area.
- The property combines a 990 m² parcel with approximately 492.60 m² of existing enclosed construction.
Value Comparison
Asking price per m², against the building, the sector and the country.
Titled lot$2,010 / m²
El Cangrejo average$2,239 / m²
Panama average$4,306 / m²
Asking 10% below the El Cangrejo average. Ask us why; sometimes there is a good reason and sometimes there is a reason.
Investment Case
A 990 m² RM2-zoned parcel near Vía Argentina, offered at USD 990,000. It includes an existing multi-level structure with approximately 492.60 m² of enclosed construction and several residential, commercial and office spaces.
- —
- Gross yield
- —
- Net yield (est.)
- —
- 5-yr area growth
- —
- Days on market
Potential to assess the existing multi-use structure alongside redevelopment options, subject to due diligence and applicable approvals.
Price History
- Listed · October 2026$990,000
How You Can Pay
This residence is not attached to a building page in our directory.
Living in El Cangrejo
Bella Vista, Panamá
990 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
What is the lot size and asking price?
The lot measures 990 m² and is offered for USD 990,000.
What zoning does the property have?
The property is identified as RM2-zoned.
Are there existing structures on the property?
Yes. The property includes a multi-level structure with four apartments, commercial areas, offices, operational spaces, parking areas and independent sections. Its approximate enclosed construction area is 492.60 m².
How large is the lot?
The lot measures 990 m².
What is the asking price?
The asking price is USD 990,000.
What existing structures are on the property?
The property includes a multi-level structure with four apartments, commercial areas, offices, operational spaces, parking areas and independent sections.
How far is the property from Vía Argentina?
The property is half a block from Vía Argentina.
Similar Properties
Same market, comparable size and price.
Interested in 990 m² RM2-Zoned Land in El Cangrejo?
Speak to our team — viewings in person or by video, usually within 48 hours.