RM3-C2 Land for Sale in Calidonia

A substantial 1,457.59 m² parcel in central Calidonia offers a rare opportunity to evaluate a sizeable urban site between Avenida Justo Arosemena and Avenida Balboa. The land has RM3-C2 zoning, flat topography and frontage on a busy road. Its existing building structure is deteriorated and is described as suitable for demolition or rehabilitation, giving buyers a clear starting point for assessing the site’s next use. The property is offered at $2,500,000, with a stated appraisal of $2,600,000. Its location places it near the Cinta Costera, residential towers and commercial establishments. The combination of a central position, a broad parcel and stated zoning makes the site relevant to buyers researching land for sale in Calidonia and urban property opportunities in Panama City. The parcel sits between two important city avenues, with the Cinta Costera close by and surrounding residential and commercial activity. Review the applicable RM3-C2 development parameters, the structure’s condition and the parcel’s documentation as part of your evaluation. Contact Casanova Realty to discuss the property and arrange the next steps.