Commercial Development Land in Obarrio

In the heart of Panama City’s business district, this 3,200 m² commercial parcel brings scale and flexibility to one of the city’s busiest corridors. Located on Avenida Nicanor de Obarrio, near Calle 50 and between Obarrio and Marbella, it offers a substantial site for a project with a strong urban presence. The land carries RM3-C2 zoning, described for high-density commercial and residential development. Potential uses include shops, stores, malls and residential units within a mixed-use project. The parcel’s size also lends itself to phased planning, with concepts ranging from one to three towers. Building plans may be acquired with the property, and bonus zoning is noted. Obarrio brings offices, businesses, restaurants, cafés, cocktail bars, hotels, casinos, shopping and grocery stores into the surrounding area. Nearby Marbella adds the Balboa Boutiques Panama Strip Mall, with spas, beauty salons and fashion retail. The Cinta Costera and Avenida Balboa offer access to coastal walks, jogging and cycling routes, with city and coastline scenery along the way. Contact us to discuss this development opportunity and request further details.