Development land in El Cangrejo, Panama City
A 703 m² canvas for development in El Cangrejo
El Cangrejo, Panamá
Active
$885,599
USD$1,260 / m²
- 703 m²Lot area
- FlatTopography
Overview
Create a considered urban project on 703 m² of flat, rectangular land in El Cangrejo. With 18.50 metres of frontage and 38 metres of depth, the parcel offers a clear footprint in one of Panama City’s established residential, commercial, hotel and corporate areas. The asking price is $885,599. The stated MP-RM3-C2 zoning allows for multifamily buildings with commercial spaces on the ground floor, creating potential for a mixed-use concept. The appraisal identifies high-intensity commercial use as the highest and best use for the vacant land. The stated net-density allowance is 1,500 people per hectare. Calle 44 Este places the property approximately 140 metres from Vía España and 750 metres from Avenida Balboa. The surrounding district brings together residential and commercial activity with hotels and corporate developments. With a flat, rectangular parcel and a central Panama City position, this is a compelling opportunity to explore a development concept aligned with the site’s stated zoning. Contact Casanova Realty to discuss the land and next steps for evaluating its potential.
In Short
The El Cangrejo parcel has 703 m² of land, 18.50 m of frontage and 38 m of depth. It is approximately 140 m from Vía España and 750 m from Avenida Balboa. The asking price is $885,599.
Before You Decide
- The 703 m² parcel is described as flat and rectangular, with 18.50 m of frontage and 38 m of depth.
- The stated MP-RM3-C2 zoning is described as allowing multifamily development with ground-floor commercial space.
- The appraisal identifies high-intensity commercial use as the highest and best use for the vacant land.
- The asking price is $885,599, or approximately $1,259.74 per m² based on the stated area.
Highlights
- 703 m² of vacant land in El Cangrejo
- Flat, rectangular parcel
- 18.50 m of frontage and 38 m of depth
- MP-RM3-C2 zoning
- Zoning described as allowing multifamily use with ground-floor commercial space
- Appraisal identifies high-intensity commercial use as the highest and best use
- Approximately 140 m from Vía España
- Approximately 750 m from Avenida Balboa
At a Glance
- Status
- Available
- Asking price
- $885,599
- Price per m²
- $1,259.74/m²
- Land area
- 703 m²
- Lot dimensions
- 18.50 m frontage × 38 m depth
- Shape and topography
- Rectangular; flat
- Zoning
- MP-RM3-C2
- Property type
- Development land
- Neighborhood
- El Cangrejo
- City
- Panama City
- Listing ID
- CNV-PROP-070858
Key Facts
- Category
- Land
- Unit type
- Land Lot
- Listed
- 5 October 2026
- Last updated
- 5 October 2026
Gallery
11 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
Layout
- Bedrooms
- 4
- Full baths
- 3
- Total
- 703 m² · 7,567 ft²
Parking & Storage
- Covered
- No
Costs & Financing
Everything you would actually pay, not just the asking price.
Purchase Summary
- Asking price
- $885,599
- Price per m²
- $1,260 / m²
- Cash to close (est.)
- $265,680at 30% down
Mortgage Estimate
- Down payment
- 30% · $265,680
- Loan amount
- $619,919
- Rate (assumed)
- 6.25%
- Term
- 30 years
Estimated monthly payment
$3,817
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
- Compare land price per m² using the stated 703 m² area: approximately $1,259.74/m².
- Compare the parcel's 18.50 m frontage and 38 m depth with the dimensions required for a proposed project.
- Confirm current zoning parameters and development requirements with the relevant municipal authorities before comparing project feasibility.
Value Comparison
Asking price per m², against the building, the sector and the country.
Titled lot$1,260 / m²
El Cangrejo average$2,239 / m²
Panama average$4,306 / m²
Asking 44% below the El Cangrejo average. Ask us why; sometimes there is a good reason and sometimes there is a reason.
Investment Case
A 703 m² vacant parcel in El Cangrejo, offered at $885,599. The stated zoning allows a mixed-use development concept with multifamily space and ground-floor commercial use; the appraisal identifies high-intensity commercial use as the highest and best use.
- —
- Gross yield
- —
- Net yield (est.)
- —
- 5-yr area growth
- —
- Days on market
Evaluate the parcel's mixed-use development potential against the MP-RM3-C2 zoning and the appraisal's highest-and-best-use conclusion.
Price History
- Listed · October 2026$885,599
How You Can Pay
This residence is not attached to a building page in our directory.
Living in El Cangrejo
Bella Vista, Panamá
Land for sale in El Cangrejo, Panama City
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
How large is the El Cangrejo land parcel?
The parcel measures 703 m². Its stated dimensions are 18.50 m of frontage by 38 m of depth.
What zoning is stated for the property?
The stated zoning is MP-RM3-C2, described as allowing multifamily buildings with commercial space on the ground floor.
How close is the property to Vía España and Avenida Balboa?
The property is approximately 140 m from Vía España and 750 m from Avenida Balboa.
What is the asking price?
The asking price is $885,599 USD, equivalent to approximately $1,259.74 per m² based on the 703 m² parcel area.
What zoning is stated for the land?
The stated zoning is MP-RM3-C2. It is described as allowing multifamily buildings with commercial space on the ground floor.
How close is the land to Vía España and Avenida Balboa?
It is approximately 140 m from Vía España and 750 m from Avenida Balboa.
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Interested in Development land in El Cangrejo, Panama City?
Speak to our team — viewings in person or by video, usually within 48 hours.