2808 square meter residential development land for sale in La Cresta Panama City suitable for apartment buildings

Exterior Land View: Vacant urban residential lot in La Cresta ideal for new multifamily development.

Vacant land for sale in Panama City La Cresta perfect for apartments or residential condos

Land: Urban lot featuring partial cement foundation and development-ready terrain.

Residential plot with R2-B-E zoning for sale La Cresta near Obarrio Panama

Exterior View: 2808 m² titled land ideal for residential apartments or housing project.

Land for Sale

Residential Land 2808 m² La Cresta Panama City Investment

La Cresta, El Cangrejo, Panama City

USD1,999,000

2808.0 m² Area

About this Land

Prime opportunity to acquire a titled residential development lot of 2,808 m² ideally situated in the upscale La Cresta district within Panama City. Offering medium density R2-B-E zoning, suitable for up to 6-story multifamily apartment buildings or single-family residential community. Existing partial foundation from a previous concrete house may reduce initial investment in construction. Strategically located walking distance to amenities, banking district, universities, and medical centers. Perfect for developers seeking a high-demand area to maximize profitable residential projects in the city center. Price: $1,999,000 equating to approximately $712/m², highly competitive for this premium location. Connect now with Casa Nova Realty Panama for site visits and investment details.

Contact Maria Lopez at Casa Nova Realty Panama today to schedule a viewing! Reference Listing ID: 58Mcfjs.

Key Features

Medium density residential zoning R2-B-E
Permits multi-apartment or townhouse development up to 6 floors
Existing concrete house structure for cost savings
Flat, regular-shaped parcel over half an acre
Ideal central address in Panama's city core residential zone
Develop high-rise condos, boutique residences, or luxury townhomes

Detailed Features

Outdoor

Property Details

TypeLand

CategoryResidential

Size2808 m²

Lot Size2808 m²

FurnishedNo

Pets AllowedNo

Price/m²USD711.89 / m²

Listing ID58Mcfjs

Residential Zone La Cresta - El Cangrejo Amenities

Zoning R2-B-E

Allows medium density multifamily buildings up to approx. 6 floors

Existing concrete foundation

Partial existing house structure may reduce development costs

Paved road access

Easy ingress/egress on main avenue

All basic services available

Water, electricity, sewage ready for hook-up

Tree-lined streets

Green surroundings enhancing residential appeal

Location & Nearby

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Neighborhood Highlights

Located in the exclusive La Cresta residential sector
Centrally located near universities, hospitals, and banks
Walking distance to Obarrio, Calle 50 and Via España
Quiet and secure upscale neighborhood
Mixed midrise residential with some commercial activity
Urbanized with all utility connections

Nearby Landmarks

Universidad de Panama (300m)
Hospital Santo Tomas (1 km)
Hotel El Panama (800m)
Via España commercial corridor (400m)
Cinta Costera waterfront park (2 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: 58Mcfjs. Last updated: 2025-11-07T23:59:00Z*