Obarrio Land with a 1955 Mid-Century House

A Mid-Century landmark with room to reimagine

Obarrio, Panamá

Active

$1,950,000

USD$5,201 / m²

  • 890 m²Lot area
  • YesBuildable
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Overview

Set a few steps from prestigious Calle 50, this 890 m² Obarrio property pairs an architect-designed, two-storey house with RM3-C2 zoning. Designed by Panamanian architect Calvin Stempel in 1955 in the Mid-Century style, the well-preserved home gives the site a distinctive character and a range of possibilities for its next chapter. The property area is 374.96 m², with a separate lot area of 890 m². The house has two floors and is described with bright spaces, a garden, terrace and patio. Interior features include a storage room, white goods, a decorated finish and a water reserve tank. Two parking spaces are listed. For a restaurant concept, the front garden is presented as having potential for up to eight spaces, with a public parking lot directly across the street. RM3-C2 zoning is described as allowing high-density vertical construction and commercial uses, opening possibilities for a residential or commercial project subject to approvals. The central Obarrio setting puts Calle 50 close at hand, alongside the neighborhood’s commercial activity. Explore the potential of this distinctive property and arrange a visit to discuss your plans.

In Short

This Obarrio property includes an 890 m² lot and a two-storey house designed by Calvin Stempel in 1955. It is listed at $1,950,000 and has RM3-C2 zoning.

Before You Decide

  • The stated lot area is 890 m², with a separate stated property area of 374.96 m².
  • RM3-C2 zoning is described as allowing high-density vertical construction and commercial uses; verify project-specific limits and approvals.
  • The two-storey existing house was designed in 1955; its actual completion year and room count are not established.
  • The property details list two parking spaces; the restaurant concept's potential for up to eight spaces requires feasibility confirmation.

Highlights

  • 890 m² lot in central Obarrio
  • Two-storey Mid-Century house designed in 1955 by Calvin Stempel
  • 374.96 m² stated property area
  • RM3-C2 zoning described for high-density vertical and commercial uses
  • Garden, terrace and patio
  • Storage room, white goods and water reserve tank
  • Two listed parking spaces; restaurant concept describes potential for up to eight in the front garden
  • A few steps from Calle 50; public parking is directly across the street

At a Glance

Status
Available for sale
Asking price
$1,950,000
Price per m² of land
$2,191.01
Property area
374.96 m²
Lot area
890 m²
Floors
2
Parking
2 spaces
Design year
1955
Zoning
RM3-C2
Property type
Land with an existing house
Neighborhood
Obarrio
Corregimiento
Bella Vista
City
Panama City
Listing ID
CNV-PROP-047890

Key Facts

Category
Land
Unit type
Land Lot
New or resale
Resale
Decor style
Decorated; style not specified
Listed
3 July 2024
Last updated
4 October 2026

Frequently Asked Questions

What is the asking price?
The asking price is $1,950,000 USD.
How large is the lot?
The lot measures 890 m².
What zoning does the property have?
The stated zoning is RM3-C2, described as allowing high-density vertical construction and commercial uses.
How many parking spaces are included?
The property details list 2 parking spaces. A restaurant-conversion concept describes potential for up to 8 spaces in the front garden; that is a proposed possibility, not the stated current count.
How many floors does the existing house have?
The existing house has two floors.
What is the property's zoning?
The stated zoning is RM3-C2.
What does the RM3-C2 zoning permit?
The stated description identifies high-density vertical construction and commercial uses; confirm specific limits and approvals with the relevant authorities.

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