12,359.666 m² land for sale on Tumba Muerto
Two Tumba Muerto fincas, one substantial land opportunity
Tumba Muerto, Panamá
Active
$11,371,000
USD$920 / m²
- 12,359.666 m²Lot area
Overview
Set along Avenida Ricardo J. Alfaro, this 12,359.666 m² property brings two adjoining fincas together in a single sale. The parcels are being offered only as a combined property, creating a substantial landholding in the Tumba Muerto corridor of Panama City. The land is currently used for open-air parking, a use that generates an average of $150,000 in annual revenue. At the asking price of $11,371,000, that reported income represents an approximate gross yield of 1.32% before expenses. Easements, segregations and related items are already accounted for in the stated land figure. For buyers assessing a large land acquisition in Panama City, the combination of scale, avenue frontage by location, and an existing income-producing use makes this opportunity distinct. The two fincas are not available separately. Contact Casanova Realty to discuss the property and arrange the next steps.
In Short
The Tumba Muerto land property has a stated combined area of 12,359.666 m² across two adjoining fincas, which are sold together. It is currently used for open-air parking, with average annual revenue reported at $150,000. The asking price is $11,371,000.
Before You Decide
- The acquisition includes two adjoining fincas, and the seller requires them to be purchased together.
- The stated land area is supported by the description and structured area field, but another source field reports a substantially different figure.
- The reported $150,000 average annual parking revenue should be assessed alongside supporting records and operating expenses.
- Zoning, buildability, utilities, title documentation and survey details are not established in the available property information.
Highlights
- 12,359.666 m² combined land area
- Two adjoining fincas offered together
- Located on Avenida Ricardo J. Alfaro in Tumba Muerto
- Currently used for open-air parking
- Average annual parking revenue reported at $150,000
- Asking price of $11,371,000
- Easements and segregations accounted for in the stated land figure
At a Glance
- Status
- Available
- Asking price
- $11,371,000
- Price per m²
- $920.01/m²
- Land area
- 12,359.666 m²
- Parcels
- 2 adjoining fincas, sold together
- Current use
- Open-air parking
- Reported average annual parking revenue
- $150,000
- Property type
- Land
- Neighborhood
- Tumba Muerto
- City
- Panama City
- Listing ID
- CNV-PROP-042254
Key Facts
- Category
- Land
- Unit type
- Land Lot
- Listed
- 4 October 2026
- Last updated
- 4 October 2026
Gallery
7 photographs of this residence.
Explore Titled lot
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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
- 12,360 m² · 133,038 ft²
Parking & Storage
- Covered
- No
Costs & Financing
Everything you would actually pay, not just the asking price.
Purchase Summary
- Asking price
- $11,371,000
- Price per m²
- $920 / m²
- Cash to close (est.)
- $3,411,300at 30% down
Mortgage Estimate
- Down payment
- 30% · $3,411,300
- Loan amount
- $7,959,700
- Rate (assumed)
- 6.25%
- Term
- 30 years
Estimated monthly payment
$49,009
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 asking price equates to approximately $920.01 per m² using the stated 12,359.666 m² area.
- The reported $150,000 average annual parking revenue equals an approximate 1.32% gross yield against the asking price, before expenses.
Value Comparison
Asking price per m², against the building, the sector and the country.
Titled lot$920 / m²
Tumba Muerto average$2,437 / m²
Panama average$4,306 / m²
Asking 62% below the Tumba Muerto average. Ask us why; sometimes there is a good reason and sometimes there is a reason.
Investment Case
The property is currently used for open-air parking, with average annual revenue reported at $150,000. Compared with the $11,371,000 asking price, that is a gross revenue yield of approximately 1.32%, before expenses.
- 1.3%
- Gross yield
- —
- Net yield (est.)
- —
- 5-yr area growth
- —
- Days on market
Price History
- Listed · October 2026$11,371,000
How You Can Pay
This residence is not attached to a building page in our directory.
Living in Tumba Muerto
Betania, Panamá
Land for sale on Tumba Muerto
Tumba Muerto, Panamá
Positions are schematic, spaced by travel distance.
Get directionsGetting Around
Betania, 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 total land area?
The stated combined area is 12,359.666 m².
Can the two fincas be purchased separately?
No. The two adjoining fincas are offered together and are not being sold separately.
What is the asking price?
The asking price is $11,371,000 USD.
How is the property currently used?
The property is currently used as open-air parking, with average annual revenue reported at $150,000.
Are the two fincas available separately?
No. The two adjoining fincas are offered only as a combined sale.
What is the current use and reported income?
The property is used for open-air parking, with average annual revenue reported at $150,000.
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Interested in 12,359.666 m² land for sale on Tumba Muerto?
Speak to our team — viewings in person or by video, usually within 48 hours.