Development land in El Cangrejo near Vía Argentina
A 990 m² RM2 site steps from Vía Argentina
El Cangrejo, Panamá
Active
$990,000
USD$2,010 / m²
- 990 m²Lot area
Overview
A 990 m² parcel in El Cangrejo pairs RM2 zoning with a rare central location, approximately half a block from Vía Argentina. With an existing multi-level structure and about 492.60 m² of enclosed construction, it offers investors and developers several ways to assess the property’s current infrastructure alongside future plans. The existing structure comprises four apartments, commercial areas, offices, operational spaces, parking areas and independent sections. The property is also listed with 2 bedrooms and 2 bathrooms. The asking price is $990,000, equivalent to $1,000.00 per m² of lot area. No parking-space count is specified. El Cangrejo is an established, walkable Panama City neighborhood with residential, commercial, institutional and service-sector activity. Vía Argentina provides a recognizable nearby corridor and convenient urban access. Potential project concepts include residential or boutique apartments, mixed-use development, offices, medical or educational uses, wellness facilities and assisted living, subject to the required approvals and current regulations. Explore the site’s existing layout and development possibilities with your real estate and planning advisers.
In Short
The El Cangrejo property is a 990 m² land parcel offered for sale at $990,000. It has RM2 zoning, approximately 492.60 m² of enclosed construction and an existing structure comprising four apartments and commercial and operational spaces. Vía Argentina is approximately half a block away. Development concepts are subject to applicable approvals and regulations.
Before You Decide
- The 990 m² parcel is approximately half a block from Vía Argentina in El Cangrejo.
- RM2 zoning and any intended development should be checked against current official approvals and regulations.
- The site has an existing multi-level structure with four apartments and commercial and operational areas.
- The parking-area count, building condition, utility capacity and title documentation should be confirmed during due diligence.
Highlights
- 990 m² lot in El Cangrejo, Bella Vista
- RM2 zoning
- Approximately half a block from Vía Argentina
- Approximately 492.60 m² of enclosed construction
- Existing multi-level structure with four apartments
- Commercial areas, offices and operational spaces
- Existing parking areas and independent sections
- $990,000 asking price; $1,000.00 per m² of lot area
At a Glance
- Status
- Available
- Asking price
- $990,000
- Price per m² of lot
- $1,000.00/m²
- Lot area
- 990 m²
- Enclosed construction
- Approximately 492.60 m²
- Bedrooms
- 2
- Bathrooms
- 2
- Zoning
- RM2
- Existing structure
- Multi-level; four apartments plus commercial and operational spaces
- Parking
- Parking areas; number of spaces not specified
- Neighborhood
- El Cangrejo
- Corregimiento
- Bella Vista
- City
- Panama City
- Listing ID
- CNV-PROP-070147
Key Facts
- Category
- Land
- Property type
- Land / Lot
- Unit type
- Land Lot
- New or resale
- Resale
- Market tier
- Upper Mid
- Listed
- 5 October 2026
- Last updated
- 5 October 2026
Gallery
9 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
- 2
- Full baths
- 2
- Total
- 493 m² · 5,302 ft²
Parking & Storage
- Covered
- No
Costs & Financing
Everything you would actually pay, not just the asking price.
Purchase Summary
- Asking price
- $990,000
- Price per m²
- $2,010 / m²
- Cash to close (est.)
- $297,000at 30% down
Mortgage Estimate
- Down payment
- 30% · $297,000
- Loan amount
- $693,000
- Rate (assumed)
- 6.25%
- Term
- 30 years
Estimated monthly payment
$4,267
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 calculated asking price is $1,000.00 per m² of lot area, based on $990,000 divided by 990 m².
- The property combines a 990 m² lot with approximately 492.60 m² of enclosed construction.
- The existing structure includes four apartments and commercial, office and operational spaces.
Value Comparison
Asking price per m², against the building, the sector and the country.
Titled lot$2,010 / m²
El Cangrejo average$2,239 / m²
Panama average$4,306 / m²
Asking 10% below the El Cangrejo average. Ask us why; sometimes there is a good reason and sometimes there is a reason.
Investment Case
A 990 m² parcel near Vía Argentina, with RM2 zoning and an existing multi-level structure comprising four apartments and commercial and operational spaces. The asking price is $990,000, or $1,000.00 per m² of lot area.
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- Gross yield
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- Net yield (est.)
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- 5-yr area growth
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- Days on market
The existing multi-use structure may offer interim utility while a buyer evaluates the parcel's redevelopment options, subject to approvals.
Price History
- Listed · October 2026$990,000
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
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 land?
The asking price is $990,000 USD.
How large is the lot and how much enclosed construction is there?
The lot measures 990 m², and the enclosed construction area is approximately 492.60 m².
What zoning does the property have?
The property has RM2 zoning. Any proposed development remains subject to the applicable approvals and regulations.
What existing structures are on the property?
The parcel includes a multi-level structure comprising four apartments, commercial areas, offices, operational spaces, parking areas and independent sections.
Where is the property located?
The property is in El Cangrejo, Bella Vista, about half a block from Vía Argentina in Panama City.
Does the property have parking?
Parking areas are part of the existing structure; the number and assignment of spaces are not specified.
What is the lot area?
The lot area is 990 m².
What zoning does the parcel have?
The property is described as RM2-zoned.
Similar Properties
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Interested in Development land in El Cangrejo near Vía Argentina?
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