Property
| Ownership: | For Sale |
|---|---|
| Type: | Unknown |
| Lot Size: | 0.2 Acres |
Financials
Price:$5,500,000
Listing Courtesy of Global Terra Invest LLC
Prime income producing development opportunity located in Marbella, Panama City s financial district.
Description
Prime income-producing development opportunity located in Marbella, Panama City’s financial district. This 774.38 m2 site with 1ZM6 zoning permits up to a 15-story residential tower ideal for short-term rental operations. Existing 2,027 m2 structure currently generates approximately $267,600 annual gross income from 10 rental units including luxury residence, independent triplex, and modern apartments. Strategic hold-and-develop opportunity offering immediate cash flow with substantial long-term redevelopment upside. Walkable location near Casco Viejo, Multiplaza Mall, hospitals, financial institutions, and Tocumen International Airport. One of the few remaining high-density development opportunities in Marbella with Airbnb-friendly positioning.
Virtual Tour: https://www.propertypanorama.com/instaview/mia/A12018780
Amenities
- CableAvailable
- ElectricityAvailable
- PhoneAvailable
- SewerAvailable
- WaterAvailable
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
