Prime income producing development opportunity located in Marbella, Panama City s financial district.
| Website: | https://www.nestseekers.com/5470686 |
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| Address: | Panama City, FL |
| Ownership: | For Sale |
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| 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.
Virtual Tour: https://www.propertypanorama.com/instaview/mia/A12018780
Amenities
- CableAvailable
- ElectricityAvailable
- PhoneAvailable
- SewerAvailable
- WaterAvailable
505 Park Ave, New York, NY 10022 Phone: +1 212-252-8772 Fax: +1 212-252-9347 | |
| Listing Courtesy of Global Terra Invest LLC | |