Four-Apartment Building for Sale on Vía Argentina El Cangrejo
Four Apartments, One Strategic Vía Argentina Address
El Cangrejo, Panamá
Active
$1,500,000
USD$1,500 / m²Negotiable
- 1,000 m²Built area
- 893 m²Land
- 4Parking
Overview
On one of Panama City’s emblematic urban corridors, this Vía Argentina property combines an existing four-apartment building with an approximately 893 m² lot and 1,000 m² of construction. Offered at $1,500,000, the property is described in excellent condition and presents both an established residential asset and potential for a residential or commercial development. The building contains four apartments of approximately 190 m² each and includes four parking spaces. Its recorded zoning code is 1ZM7. A 2022 appraisal amount of $3,667,500 is also recorded, giving investors a dated valuation reference to review alongside current market and development due diligence. CCTV video surveillance and an electric gate are among the property’s stated security features. Vía Argentina is known for its flower-lined, tree-shaded boulevard and the variety of shops and restaurants along the street. Nearby conveniences include supermarkets and banks, while Parque Andrés Bello, schools and universities contribute to the neighborhood’s everyday appeal. The location connects to Metro’s Vía Argentina station and major routes including Vía España, Transístmica and Avenida Manuel Espinosa Batista. Explore the possibilities of this El Cangrejo investment property and contact Casanova Realty to arrange a conversation about the building and its development potential.
In Short
The property is offered for sale at $1,500,000. It contains four apartments of approximately 190 m² each, has approximately 1,000 m² of total construction on an approximately 893 m² lot, and is located near Parque Andrés Bello and Metro’s Vía Argentina station.
Before You Decide
- The property combines four existing apartments with an approximately 893 m² site and is also presented as a potential residential or commercial development opportunity.
- The recorded 2022 appraisal is $3,667,500; buyers should review its date, scope and supporting report.
- The recorded zoning code is 1ZM7; confirm current permitted uses and development parameters with the relevant authorities.
- The building has CCTV surveillance and an electric gate; generator, water reserve, elevator and internet details are not established.
Highlights
- Asking price: $1,500,000
- Approximately 1,000 m² of construction
- Approximately 893 m² of land
- Four apartments of approximately 190 m² each
- Four parking spaces
- CCTV surveillance system and electric gate
- Recorded zoning code: 1ZM7
- Near Parque Andrés Bello and Metro’s Vía Argentina station
At a Glance
- Status
- Available for sale
- Asking price
- $1,500,000
- Price per m²
- $1,500/m² of construction
- Construction area
- Approximately 1,000 m²
- Lot area
- Approximately 893 m²
- Apartments
- 4
- Parking
- 4 spaces
- Property type
- Multi-unit residential building
- Building reference
- Edificio 59 y 61
- Neighborhood
- El Cangrejo
- City
- Panama City
- Listing reference
- AV-6046018
Key Facts
- Category
- Residential
- Unit type
- Building Entire
- New or resale
- Resale
- Condition
- Excellent
- Listed
- 19 September 2023
- Last updated
- 13 October 2026
Gallery
5 photographs of this residence.
What's Included
Everything that stays with the residence.
- 4 parking spaces
Explore Building
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
- Total
- 1,000 m² · 10,764 ft²
Parking & Storage
- Spaces
- 4
- Covered
- No
Costs & Financing
Everything you would actually pay, not just the asking price.
Purchase Summary
- Asking price
- $1,500,000
- Price per m²
- $1,500 / m²
- Cash to close (est.)
- $450,000at 30% down
Mortgage Estimate
- Down payment
- 30% · $450,000
- Loan amount
- $1,050,000
- Rate (assumed)
- 6.25%
- Term
- 30 years
Estimated monthly payment
$6,465
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 stated construction area is approximately 1,000 m², while the lot area is approximately 893 m²; these are different area measures.
- The building has four apartments and four parking spaces.
- The calculated asking price is $1,500 per m², using the $1,500,000 price and approximately 1,000 m² of total construction.
Value Comparison
Asking price per m², against the building, the sector and the country.
Building$1,500 / m²
El Cangrejo average$2,239 / m²
Panama average$4,306 / m²
Asking 33% below the El Cangrejo average. Ask us why; sometimes there is a good reason and sometimes there is a reason.
Investment Case
The asking price is $1,500,000 for an existing four-apartment building with approximately 1,000 m² of construction on an 893 m² lot. A 2022 appraisal amount of $3,667,500 is recorded. The property also offers a development opportunity, subject to confirming current zoning parameters and approvals.
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- Gross yield
- —
- Net yield (est.)
- —
- 5-yr area growth
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- Days on market
The property is presented as suitable for residential or commercial development; verify applicable permissions and development parameters.
Price History
- Listed · September 2023$1,500,000
How You Can Pay
This residence is not attached to a building page in our directory.
Living in El Cangrejo
Bella Vista, Panamá
Edificio 59 y 61
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 · Panama City
Address shown to neighborhood precision for the owner's privacy. The exact address is shared when a viewing is confirmed.
Frequently Asked Questions
How many apartments are in the building?
The building contains four apartments, each approximately 190 m².
How much land and construction area does the property have?
The lot measures approximately 893 m², and the building has approximately 1,000 m² of construction.
How many parking spaces are included?
The property has four parking spaces.
What security features does the property have?
The property has a CCTV surveillance system and an electric gate.
What zoning code is recorded for the property?
The recorded zoning code is 1ZM7.
What does the property cost?
The asking price is $1,500,000.
Similar Properties
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Interested in Four-Apartment Building for Sale on Vía Argentina?
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