Beachfront Hotel in Playa Las Lajas
Playa Las Lajas
- 18 Beds
- 507 Baths
- 1,100 m²
$1,800,000
$1,636 / m²
Residential building for sale on Vía Argentina El Cangrejo
Six apartments on one of El Cangrejo’s signature streets
El Cangrejo, Panamá
Active
$1,700,000
USD$850 / m²Negotiable
- 2,000 m²Built area
- 880 m²Land
- 18Bed
- 12Bath
- 6Parking
Overview
Set on Vía Argentina in El Cangrejo, this six-apartment property pairs an 880 m² lot with 2,000 m² of stated construction. Its existing residential layout offers a clear starting point for an investor or developer considering a property in one of Panama City’s established, walkable neighborhoods. The six apartments are described with three bedrooms, two bathrooms, a closed kitchen and a balcony each. One parking space per apartment is described, for six spaces across the property. The building is also described as being in excellent condition. Its zoning designation is 1ZM7, and a 2022 appraisal value of $3,667,500 is recorded. Security features include closed-circuit video surveillance and an electric access gate. Vía Argentina is known for its leafy boulevards and variety of shops and restaurants; supermarkets, banks, Andrés Bello Park, schools and universities are also named nearby. The Vía Argentina Metro station and major routes including Vía España, Transístmica and Avenida Manuel Espinosa Batista serve the area. Contact us to arrange a visit and explore the property’s potential.
In Short
The Vía Argentina property is offered for sale at $1,700,000. It has six apartments, each described with three bedrooms, two bathrooms, a closed kitchen and a balcony, plus six parking spaces. CCTV and an electric access gate are provided.
Before You Decide
- The property offers six existing apartments on an approximately 880 m² lot in El Cangrejo.
- 2,000 m² of total construction; verify this against the approximate area reported for each apartment.
- Security features include CCTV and an electric gate; elevator, generator, maintenance-cost and rental-rule details are not provided.
- The property is on Vía Argentina near the named Metro station, Andrés Bello Park, shops, restaurants and major road routes.
Highlights
- Six existing residential apartments
- 2,000 m² of stated construction area
- Approximately 880 m² of land
- Three bedrooms and two bathrooms per apartment
- Closed kitchen and balcony in each apartment
- Six parking spaces, described as one per apartment
- CCTV surveillance and an electric access gate
- Zoning 1ZM7; 2022 appraisal value stated at $3,667,500
At a Glance
- Status
- Available
- Asking price
- $1,700,000
- Price per construction m²
- $850/m²
- Apartments
- 6
- Bedrooms across the apartments
- 18 total
- Bathrooms across the apartments
- 12 total
- Construction area
- 2,000 m²
- Lot area
- Approximately 880 m²
- Parking
- 6 spaces
- Property type
- Residential apartment building
- Building name
- Edificios 59 y 61, Vía Argentina
- Neighborhood
- El Cangrejo
- City
- Panama City
- Zoning
- 1ZM7
- 2022 appraisal value
- $3,667,500
- Listing ID
- CNV-PROP-049279
Key Facts
- Category
- Residential
- Unit type
- Building Entire
- New or resale
- Resale
- Condition
- Excellent
- Listed
- 19 September 2023
- Last updated
- 19 September 2023
Gallery
9 photographs of this residence.
What's Included
Everything that stays with the residence.
- 6 parking spaces
Explore Building
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
- 18
- Full baths
- 12
- Kitchen
- Closed
- Total
- 2,000 m² · 21,528 ft²
Parking & Storage
- Spaces
- 6
- Covered
- No
Costs & Financing
Everything you would actually pay, not just the asking price.
Purchase Summary
- Asking price
- $1,700,000
- Price per m²
- $850 / m²
- Cash to close (est.)
- $510,000at 30% down
Mortgage Estimate
- Down payment
- 30% · $510,000
- Loan amount
- $1,190,000
- Rate (assumed)
- 6.25%
- Term
- 30 years
Estimated monthly payment
$7,327
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
- Asking price: $1,700,000 USD.
- Six apartments; three bedrooms and two bathrooms are described per apartment.
- Stated construction area: 2,000 m²; lot area: approximately 880 m².
- Six parking spaces and CCTV surveillance with an electric gate.
Value Comparison
Asking price per m², against the building, the sector and the country.
Building$850 / m²
El Cangrejo average$2,239 / m²
Panama average$4,306 / m²
Asking 62% below the El Cangrejo average. Ask us why; sometimes there is a good reason and sometimes there is a reason.
Investment Case
At the asking price of $1,700,000 and the stated 2,000 m² of construction, the price equates to $850 per construction m². The property also includes an 880 m² lot and six existing apartments.
- —
- Gross yield
- —
- Net yield (est.)
- —
- 5-yr area growth
- —
- Days on market
The property is described as suitable for residential or commercial development; confirm permitted uses and development parameters for zoning 1ZM7.
Price History
- Listed · September 2023$1,700,000
How You Can Pay
This residence is not attached to a building page in our directory.
Living in El Cangrejo
Bella Vista, Panamá
Edificios 59 y 61, Vía Argentina
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 · Panama City
Address shown to neighborhood precision for the owner's privacy. The exact address is shared when a viewing is confirmed.
Frequently Asked Questions
How many apartments are in the property?
The property is described as containing six apartments.
How many parking spaces are included?
The property has six parking spaces, described as one for each apartment.
What is the lot size?
The lot measures approximately 880 m².
What is the stated construction area?
The stated total construction area is 2,000 m².
What security features does the property have?
The property has closed-circuit video surveillance and an electric access gate.
Where is the property located?
The property is on Vía Argentina in El Cangrejo, Bella Vista, Panama City.
What is the zoning designation?
The zoning designation provided for the property is 1ZM7.
How many apartments does the property contain?
The property is described as containing six apartments.
How many bedrooms and bathrooms are there across the apartments?
Each of the six apartments is described with three bedrooms and two bathrooms, equivalent to 18 bedrooms and 12 bathrooms across the property.
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Interested in Residential building for sale on Vía Argentina?
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