Canal-Front Development Land in Albrook
A canal-front Albrook parcel with commercial and mixed-use potential
Albrook, Panamá
Active
$1,700,000
USD
- 1,179.26 m²Lot area
Overview
Set beside the Panama Canal and Balboa Yacht Club, this 1,179.26 m² Albrook parcel offers a distinctive setting for a future commercial or mixed-use project. The property is offered for sale at $1,700,000, equivalent to approximately $1,441.58 per m² based on the stated land area. The level, fenced site has grass and trees, and potable water service is listed among its characteristics. Access is described as easy, with road access, a sidewalk and sidewalk drainage. Its dead-end street setting is described as quiet, while the parcel is also noted as central and near a commercial area. The stated zoning designations are TU3-MCU, described as urban tourism with high density and commercial mix, and MRU3, described as high-density urban residential mix. Hotel, restaurant, commercial, and mixed commercial development are identified as potential uses. Albrook places the site in Panama City’s Ancón corregimiento, close to the canal and Balboa Yacht Club. Contact Casanova Realty to discuss the parcel and arrange the next steps for reviewing its development potential.
In Short
The Albrook land parcel has a stated area of 1,179.26 m² and an asking price of $1,700,000. Its listed characteristics include level terrain, fencing, trees, grass, road access, sidewalk drainage, and potable water service. Hotel, restaurant, commercial, and mixed commercial uses are presented as development potential.
Before You Decide
- Confirm that TU3-MCU and MRU3 zoning permits the buyer’s intended project and density.
- Obtain a current survey, registry information, and title review before proceeding.
- Verify utility connections, access rights, frontage, and canal-side restrictions.
Highlights
- 1,179.26 m² of land in Albrook
- Canal-front location beside Balboa Yacht Club
- Asking price: $1,700,000
- Stated zoning designations: TU3-MCU and MRU3
- Potential uses include hotel, restaurant, commercial, or mixed commercial development
- Level, fenced site with grass and trees
- Potable water service is listed among the site characteristics
- Easy road access, sidewalk, and sidewalk drainage
At a Glance
- Status
- Available for sale
- Asking price
- $1,700,000
- Price per m²
- $1,441.58
- Land area
- 1,179.26 m²
- Property type
- Land lot
- Zoning
- TU3-MCU and MRU3
- Neighborhood
- Albrook
- City
- Panama City
- Listing ID
- CNV-PROP-046775
Key Facts
- Category
- Land
- Unit type
- Land Lot
- Listed
- 3 July 2024
- Last updated
- 6 July 2024
Gallery
4 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
Parking & Storage
- Covered
- No
Outdoor
- Grass
- Trees
- Level terrain
- Sidewalk
- Sidewalk drainage
- Fence
Costs & Financing
Everything you would actually pay, not just the asking price.
Purchase Summary
- Asking price
- $1,700,000
- Cash to close (est.)
- $510,000at 30% down
Mortgage Estimate
- Down payment
- 30% · $510,000
- Loan amount
- $1,190,000
- Rate (assumed)
- 6.25%
- Term
- 30 years
Estimated monthly payment
$7,327
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 land area is 1,179.26 m².
- The asking price is $1,700,000, or approximately $1,441.58 per m² based on the stated price and area.
- The parcel is described as level and fenced and has stated TU3-MCU and MRU3 zoning designations.
Value Comparison
Asking price per m², against the building, the sector and the country.
Albrook average$3,440 / m²
Panama average$4,306 / m²
Investment Case
A 1,179.26 m² Albrook parcel offered at $1,700,000, with stated TU3-MCU and MRU3 zoning designations and potential for hotel, restaurant, commercial, or mixed commercial development. Verify permitted uses and project feasibility before purchase.
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- Gross yield
- —
- Net yield (est.)
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- 5-yr area growth
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- Days on market
Explore the parcel’s stated hotel, restaurant, commercial, and mixed-use potential after confirming zoning interpretation, permitted intensity, utilities, and development requirements.
Price History
- Listed · July 2024$1,700,000
How You Can Pay
This residence is not attached to a building page in our directory.
Living in Albrook
Ancón, Panamá
Canal-front land for sale in Albrook
Albrook, Panamá
Positions are schematic, spaced by travel distance.
Get directionsAlbrook on Casanova today
- Active sale listings
- 105
- Active rentals
- 0
- Median asking price per m²
- $2,333
Getting Around
Ancón, 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 Albrook parcel?
The parcel has a stated land area of 1,179.26 m².
What zoning designations are listed for the parcel?
The stated designations are TU3-MCU and MRU3. Confirm the applicable uses and development parameters with the relevant authorities.
What development uses are described?
The parcel is presented as suitable for a hotel, restaurant, commercial use, or mixed commercial property; permitted uses and feasibility require confirmation.
Is potable water service available?
Potable water service is listed among the site characteristics.
What is the asking price?
The asking price is $1,700,000.
What zoning designations are given?
The stated designations are TU3-MCU and MRU3. Confirm permitted uses and development parameters with the relevant authorities.
Is potable water service mentioned?
Yes. Potable water service is listed among the site characteristics.
Similar Properties
Same market, comparable size and price.
Interested in Canal-Front Development Land in Albrook?
Speak to our team — viewings in person or by video, usually within 48 hours.