Bathrooms
0 bathrooms
1,800 m² commercial property in El Cangrejo
A ZM7 development opportunity in the heart of El Cangrejo
El Cangrejo, Panamá
Active
$1,495,000
USD$831 / m²
- 1,800 m²Lot area
Overview
Set between Calle Eusebio A. Morales and Calle Eric del Valle, this 1,800 m² El Cangrejo property brings together a central city location, ZM7 zoning and substantial existing improvements. Offered for $1,495,000, it is positioned near Vía Argentina and Vía España, within an active commercial, residential and corporate district. The property includes existing improvements formerly used as a restaurant and offices. The spaces include private salons, dining areas, an industrial kitchen, administrative offices and service areas, along with semi-open terraces, parking areas and paved spaces. The recorded construction area is 1,800 m², alongside 1,800 m² of land. These existing spaces give future owners a substantial starting point for considering a new commercial or urban concept. ZM7 zoning is described for high-density development and commercial, residential and mixed uses. Potential concepts include a residential tower, mixed-use project, offices, boutique hotel, commercial plaza, restaurant or clinic. Hotels, restaurants, residential buildings, offices, shops, universities and major city roads are nearby. Explore the opportunity and discuss your development plans for this central El Cangrejo site.
In Short
The El Cangrejo property is offered for sale at $1,495,000 and has 1,800 m² of land, a recorded 1,800 m² construction area and ZM7 zoning. Existing improvements include restaurant and office spaces, private salons, dining areas, an industrial kitchen, semi-open terraces and paved areas.
Before You Decide
- ZM7 zoning is described for high-density development and commercial, residential and mixed uses.
- The property has existing improvements formerly used for restaurant and office operations.
- The property is between two named streets and near Vía Argentina and Vía España.
- The number of parking spaces, utilities, title details and official zoning parameters are not provided.
Highlights
- 1,800 m² of land in El Cangrejo
- ZM7 zoning described for high-density and mixed uses
- Existing improvements formerly used as a restaurant and offices
- Private salons, dining areas and an industrial kitchen
- Administrative offices and service areas
- Semi-open terraces, parking areas and paved spaces
- Between Calle Eusebio A. Morales and Calle Eric del Valle
- Near Vía Argentina and Vía España
At a Glance
- Status
- Available for sale
- Asking price
- $1,495,000
- Land price per m²
- $830.56/m²
- Land area
- 1,800 m²
- Construction area
- 1,800 m²
- Property type
- Commercial land
- Zoning
- ZM7
- Year built
- 1948
- Neighborhood
- El Cangrejo
- Corregimiento
- Bella Vista
- City
- Panama City
- Listing ID
- CNV-PROP-003876
Key Facts
- Category
- Land
- Unit type
- Land Lot
- Listed
- 27 May 2026
- Last updated
- 4 October 2026
Gallery
25 photographs of this residence.
Room by Room
Composed from this unit's own specification, not a template.
What's Included
Everything that stays with the residence.
- Existing improvements formerly used as a restaurant and offices
- Private salons
- Dining areas
- Industrial kitchen
- Administrative offices
- Service areas
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
- Total
- 1,800 m² · 19,375 ft²
Parking & Storage
- Covered
- No
Interior
- Existing improvements formerly used as a restaurant and offices
- Private salons
- Dining areas
- Industrial kitchen
- Administrative offices
- Service areas
Outdoor
- Semi-open terraces
- Paved areas
Costs & Financing
Everything you would actually pay, not just the asking price.
Purchase Summary
- Asking price
- $1,495,000
- Price per m²
- $831 / m²
- Cash to close (est.)
- $448,500at 30% down
Mortgage Estimate
- Down payment
- 30% · $448,500
- Loan amount
- $1,046,500
- Rate (assumed)
- 6.25%
- Term
- 30 years
Estimated monthly payment
$6,443
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
HOA$0
Property tax$0
Insurance$0
Total, before mortgage:$0 / month
If you let it out
How It Compares
- The asking price is approximately $830.56 per m² of land, calculated from $1,495,000 divided by 1,800 m².
- The recorded construction area equals the stated land area at 1,800 m²; buyers may wish to confirm the construction measurement.
Value Comparison
Asking price per m², against the building, the sector and the country.
Titled lot$831 / m²
El Cangrejo average$2,239 / m²
Panama average$4,306 / m²
Asking 63% below the El Cangrejo average. Ask us why; sometimes there is a good reason and sometimes there is a reason.
Investment Case
This 1,800 m² El Cangrejo property is offered at $1,495,000, or approximately $830.56 per m² of land. ZM7 zoning and existing restaurant and office improvements create a range of potential redevelopment and commercial-use concepts.
- —
- Gross yield
- —
- Net yield (est.)
- —
- 5-yr area growth
- —
- Days on market
The ZM7 zoning and central El Cangrejo location support consideration of commercial, residential or mixed-use development concepts, subject to applicable approvals.
Price History
- Listed · May 2026$1,495,000
How You Can Pay
This residence is not attached to a building page in our directory.
Living in El Cangrejo
Bella Vista, Panamá
Commercial 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 asking price for the El Cangrejo property?
The asking price is $1,495,000 USD.
How large is the property?
The land area is 1,800 m². The recorded construction area is also 1,800 m².
What zoning does the property have?
The property is identified as ZM7, described for high-density development and commercial, residential and mixed uses.
What improvements are on the property?
Existing improvements were formerly used as a restaurant and offices and include private salons, dining areas, an industrial kitchen, administrative offices, parking areas, semi-open terraces, service areas and paved spaces.
Where is the property located?
The property is in El Cangrejo, between Calle Eusebio A. Morales and Calle Eric del Valle, near Vía Argentina and Vía España.
What is the monthly maintenance fee?
The recorded maintenance fee is $0 per month.
What zoning is listed for the property?
The property is identified with ZM7 zoning.
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Interested in 1,800 m² commercial property in El Cangrejo?
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