Prime income producing development opportunity located in Marbella, Panama City s financial district.


Property

Website:https://www.nestseekers.com/5470686
Address:
Panama City, FL
Ownership: For Sale
Type: Unknown
Lot Size: 0.2 Acres

Financials

Price:$5,500,000

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.

Amenities

  • CableAvailable
  • ElectricityAvailable
  • PhoneAvailable
  • SewerAvailable
  • WaterAvailable

Contact

505 Park Ave, New York, NY 10022
Listing Courtesy of Global Terra Invest LLC