Undeveloped flat land zoned R2 suitable for multifamily towers in Penonomé, Coclé Panama

Exterior: Large vacant lot with red soil and forest edge, ideal for residential construction.

Aerial satellite image showing large lot near residential area with forest edges in Penonomé, Coclé Panama

Aerial View: Development land outlined close to urban zone with natural green surroundings.

Vacant zoned R2 land site near Federico Zuñiga School in Penonomé Coclé ready for residential tower development

Aerial View: Visible vacant land close to school campus and residential zone marked on satellite.

Land for Sale

Penonomé Land for Residential Towers Zoned R2 Coclé

Federico Zuñiga School area, El Coco, Penonomé

USD225,720

1760.0 m² Area

About this Land

Investment opportunity: 6,270 m² titled land in Penonomé, Coclé, just steps from Federico Zuñiga School. Zoned R2 for multifamily residential buildings, perfect for developing apartment towers or condos. Offers 1,760 m² of potential construction area. Features proximity to schools, supermarkets (300m), local government offices (800-900m), and the vibrant Penonomé center. Red soil, flat topography, easy paved road access. Utilities nearby. Financing available with discount for cash purchase. HOA maintenance approx. $20. Price $225,720 (approx. $36/m² land or $128/m² construction). Ideal for developers seeking a foothold in growing Coclé province. Contact Casa Nova Realty Panama for details.

Contact Maria Lopez at Casa Nova Realty Panama today to schedule a viewing! Reference Listing ID: 3mJr7Ao.

Key Features

Zoned R2 for residential multifamily buildings
Ideal for apartment tower or condo development
Titled property
Financing options available with cash discount
Flat terrain with natural vegetation
Close to main city amenities
Utilities accessible nearby
Paved road access
Peaceful residential neighborhood

Detailed Features

Property Details

TypeLand

CategoryResidential Development Land

Size1760 m²

Lot Size6270 m²

FurnishedNo

Pets AllowedNo

Price/m²USD128.25 / m²

Listing ID3mJr7Ao

Community Amenities

Zoning R2

Permits multi-family residential buildings

Financing options

Seller financing available with discount for cash buyers

Utilities nearby

Electricity, water, and sewer connections close to property

Paved road access

Accessible by existing paved roads

Proximity to schools

100 meters from school, ideal for family residences

Peaceful neighborhood

Low-density residential surroundings

Location & Nearby

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Neighborhood Highlights

Central location in Penonomé district
Close proximity to Federico Zuñiga School
Near Governor's Office and Municipality less than 1 km
Supermarkets within 300 meters
Easy access to roadways joining the city center
Residential area with mixed development potential

Nearby Landmarks

Federico Zuñiga School (100m)
Governor's Office of Coclé (800m)
Municipality of Penonomé (900m)
Supermarkets (300m)
Penonomé City Center (1 km)

*Disclaimer: Property information is deemed reliable but not guaranteed and should be independently verified. Availability, price, and details are subject to change. Measurements are approximate. Listing ID: 3mJr7Ao. Last updated: 2025-11-07T23:59:00Z*