Commercial Land in El Cangrejo, Panama City

Set between Eusebio A. Morales Street and Eric del Valle Street, this 1,800 m² commercial property puts a substantial development site in the heart of El Cangrejo. Its stated ZM7 zoning permits high-density development and a range of commercial, residential, and mixed-use possibilities, making the parcel a compelling option for investors planning a significant urban project. Existing improvements were previously used as a restaurant and offices. They include private rooms, dining areas, an industrial kitchen, administrative offices, service areas, parking, semi-open terraces, and paved spaces. The combination of land and existing improvements offers a distinctive starting point for evaluating a restaurant, office, residential tower, mixed-use project, boutique hotel, shopping plaza, clinic, or another proposed use; the property’s area is 1,800 m² and the asking price is $2,100,000. The site is only meters from Vía Argentina and Vía España, in an active commercial, residential, and corporate setting. Hotels, restaurants, residential buildings, offices, shops, universities, and major thoroughfares are nearby. Explore the site’s potential in one of Panama City’s sought-after urban neighborhoods and arrange a visit to assess the property and its development possibilities.