Development land near Parque Omar, San Francisco Carrasquilla
A San Francisco development site planned for 236 apartments
Carrasquilla, Panamá
Active
$2,900,000
USD$920 / m²
- 3,151 m²Lot area
- FlatTopography
Overview
A substantial development opportunity in San Francisco, just steps from Parque Omar. This centrally located site combines a quiet setting with convenient access to commercial and recreational areas, offering a strong starting point for a residential project. An approved preliminary proposal and foundation plans outline two towers with a total of 236 apartments. The project design is advanced, and the site has RM2+BONIFICADA zoning. The development information also identifies preferential-interest eligibility for apartments in the 50–82 m² range. The environmental impact study is approved, and the soil study describes the lot as favorable. The terrain is flat, with road access and a location close to San Francisco’s commercial and recreational areas. Parque Omar is only steps away, adding a major green space to this central Panama City setting. For developers seeking a project with substantial planning already completed, this site offers a compelling place to continue the process. Contact Casanova Realty to discuss the approved plans and next steps.
In Short
This San Francisco development site is near Parque Omar and has RM2+BONIFICADA zoning, approved preliminary and foundation plans for a 236-apartment, two-tower concept, an approved environmental impact study, and a favorable soil study.
Before You Decide
- Review the approved preliminary proposal and foundation plans for the two-tower, 236-apartment concept.
- Confirm the official zoning parameters and the scope and validity of the approvals.
- Reconcile the two reported area figures before relying on a price-per-square-metre calculation.
- Request title, utility, access, and project-document details during due diligence.
Included in the sale. Approved preliminary project and foundation plans; approved environmental impact study; favorable soil study
Highlights
- San Francisco location, steps from Parque Omar
- Approved preliminary proposal and foundation plans
- Two-tower concept totaling 236 apartments
- RM2+BONIFICADA zoning
- Approved environmental impact study
- Favorable soil study
- Flat terrain with road access
- Near commercial and recreational areas
At a Glance
- Status
- Available for sale
- Asking price
- $2,900,000 USD
- Property type
- Development land
- Zoning
- RM2+BONIFICADA
- Planned project
- 2 towers, 236 apartments
- Neighborhood
- Carrasquilla
- City
- San Francisco, Panama City
- Nearby landmark
- Parque Omar
- Listing ID
- CNV-PROP-046035
Key Facts
- Category
- Land
- Unit type
- Land Lot
- Listed
- 24 July 2024
- Last updated
- 13 October 2026
Gallery
7 photographs of this residence.
What's Included
Everything that stays with the residence.
- Approved preliminary project and foundation plans; approved environmental impact study; favorable soil study
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
- 3,151 m² · 33,920 ft²
Parking & Storage
- Covered
- No
Costs & Financing
Everything you would actually pay, not just the asking price.
Purchase Summary
- Asking price
- $2,900,000
- Price per m²
- $920 / m²
- Cash to close (est.)
- $870,000at 30% down
Mortgage Estimate
- Down payment
- 30% · $870,000
- Loan amount
- $2,030,000
- Rate (assumed)
- 6.25%
- Term
- 30 years
Estimated monthly payment
$12,499
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 project capacity is 236 apartments across two towers.
- The property is near Parque Omar in the San Francisco corregimiento.
Value Comparison
Asking price per m², against the building, the sector and the country.
Titled lot$920 / m²
Carrasquilla average$1,849 / m²
Panama average$4,306 / m²
Asking 50% below the Carrasquilla average. Ask us why; sometimes there is a good reason and sometimes there is a reason.
Investment Case
A San Francisco development-land opportunity with an approved preliminary proposal and foundation plans for two towers totaling 236 apartments.
- —
- Gross yield
- —
- Net yield (est.)
- —
- 5-yr area growth
- —
- Days on market
The approved preliminary proposal, foundation plans, environmental impact study, and favorable soil study provide project-planning information for a prospective developer.
Price History
- Listed · July 2024$2,900,000
How You Can Pay
This residence is not attached to a building page in our directory.
Living in Carrasquilla
San Francisco, Panamá
Land for sale near Parque Omar, San Francisco
Carrasquilla, Panamá
Positions are schematic, spaced by travel distance.
Get directionsCarrasquilla on Casanova today
- Active sale listings
- 28
- Active rentals
- 0
- Median asking price per m²
- $2,230
Getting Around
San Francisco, 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 development plans are approved for the site?
The site has an approved preliminary proposal and foundation plans for two towers totaling 236 apartments.
Is an environmental impact study available?
An approved environmental impact study is included among the project information.
What is the asking price?
The asking price is $2,900,000 USD.
What project is planned for the site?
The approved preliminary proposal and foundation plans outline two towers totaling 236 apartments.
What zoning does the property have?
The stated zoning is RM2+BONIFICADA.
Are the environmental and soil studies available?
The environmental impact study is approved, and a soil study is described as favorable.
Similar Properties
Same market, comparable size and price.
Interested in Development land near Parque Omar, San Francisco?
Speak to our team — viewings in person or by video, usually within 48 hours.