Corner commercial land near Vía España Río Abajo
A 1,112.5 m² corner parcel with room to reimagine
Río Abajo, Panamá
Active
$750,000
USD$674 / m²
- 1,112.5 m²Lot area
Overview
Set three blocks from Vía España in Río Abajo, this 1,112.5 m² corner parcel stands out for its generous size, two street frontages and three existing open-sided galeras. It offers a substantial urban site for buyers considering a new construction concept or a remodel of the structures already in place. The property has 20 m of frontage on one street and 62 m along the lateral street. Its stated zoning is RM2 C2. The three open galeras may be remodeled for use or demolished as part of a construction plan, giving the next owner options for how to approach the site. Located in Río Abajo, the land is close to the Vía España corridor, a named access point just three blocks away. The corner position and extended lateral frontage are defining features of this parcel. Explore the opportunity and arrange a conversation to discuss the property and your plans for the site.
In Short
The Río Abajo parcel is offered for $750,000 and measures 1,112.5 m². It has RM2 C2 zoning, three open-sided galeras, and 20 m of frontage on one street plus 62 m on the lateral street. The property is three blocks from Vía España.
Before You Decide
- The 1,112.5 m² parcel has two stated street-frontage measurements: 20 m and 62 m.
- The three existing open-sided galeras may be remodeled or demolished as part of a construction plan.
- Confirm permitted uses and development parameters for the stated RM2 C2 zoning before finalizing a project plan.
- The stated distance to Vía España is three blocks.
Highlights
- 1,112.5 m² parcel in Río Abajo
- Corner property with two street frontages
- 20 m of frontage on one street
- 62 m of frontage on the lateral street
- RM2 C2 zoning
- Three existing open-sided galeras
- Galeras may be remodeled or demolished for a construction plan
- Three blocks from Vía España
At a Glance
- Status
- Available
- Asking price
- $750,000
- Price per m²
- $674.16/m²
- Land area
- 1,112.5 m²
- Property type
- Commercial land
- Zoning
- RM2 C2
- Street frontage
- 20 m and 62 m on the lateral street
- Existing structures
- Three open-sided galeras
- Neighborhood
- Río Abajo
- City
- Panama City
- Listing ID
- CNV-PROP-080127
Key Facts
- Category
- Land
- Unit type
- Land Lot
- Listed
- 12 June 2024
- Last updated
- 8 October 2026
Gallery
6 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
- Total
- 1,113 m² · 11,975 ft²
Parking & Storage
- Covered
- No
Costs & Financing
Everything you would actually pay, not just the asking price.
Purchase Summary
- Asking price
- $750,000
- Price per m²
- $674 / m²
- Cash to close (est.)
- $225,000at 30% down
Mortgage Estimate
- Down payment
- 30% · $225,000
- Loan amount
- $525,000
- Rate (assumed)
- 6.25%
- Term
- 30 years
Estimated monthly payment
$3,233
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 parcel combines a 1,112.5 m² area with corner positioning and two street-frontage measurements.
- Three open-sided galeras are already present on the site.
- The property is identified with RM2 C2 zoning.
- The parcel is in Río Abajo, three blocks from Vía España.
Value Comparison
Asking price per m², against the building, the sector and the country.
Titled lot$674 / m²
Río Abajo average$1,001 / m²
Panama average$4,306 / m²
Asking 33% below the Río Abajo average. Ask us why; sometimes there is a good reason and sometimes there is a reason.
Investment Case
At $750,000 for 1,112.5 m², the asking price is approximately $674.16 per m², calculated from the stated price and land 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 parcel has three existing open-sided galeras that may be remodeled or demolished as part of a construction plan.
Price History
- Listed · June 2024$750,000
How You Can Pay
This residence is not attached to a building page in our directory.
Living in Río Abajo
Río Abajo, Panamá
Commercial land for sale in Río Abajo
Río Abajo, Panamá
Positions are schematic, spaced by travel distance.
Get directionsRío Abajo on Casanova today
- Active sale listings
- 34
- Active rentals
- 0
- Median asking price per m²
- $779
Getting Around
Río Abajo, 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 Río Abajo land?
The asking price is $750,000.
How large is the parcel?
The parcel measures 1,112.5 m².
What zoning is identified for the property?
The identified zoning is RM2 C2.
Are there existing structures on the land?
The property has three open-sided galeras that may be remodeled for use or demolished as part of a construction plan.
What are the street frontages?
The parcel has 20 m of frontage on one street and 62 m along the lateral street.
How close is the land to Vía España?
The property is three blocks from Vía España.
What zoning does the property have?
The stated zoning is RM2 C2.
What structures are on the property?
There are three open-sided galeras on the land.
How far is it from Vía España?
The property is three blocks from Vía España.
Similar Properties
Same market, comparable size and price.
Interested in Corner commercial land near Vía España?
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