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$ 30,000,000
Est. payment /mo
Active
Via Transistmica
121,851 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 121,851 sqft
Price per Sqft $246
Lot Size 4.952 Acres
Property Description
NYSO Introduction – Prime Investment Asset on Avenida Simón Bolívar, Panama City
Strategically located on the highly trafficked Avenida Simón Bolívar, NYSO presents a premier commercial investment opportunity in Panama City. Zoned RM3 C2, the property allows for flexible mixed-use development, making it ideal for residential, commercial, or corporate projects.
The complex consists of two structures built between 1996 and 2001, set on a generous 20,000.14 m² lot (approx. 215,278 sq. ft.), with a total built area of 11,318.32 m² (approx. 121,851 sq. ft.). Its size, prime location, and development potential make NYSO one of the most attractive urban investment opportunities in the market.
Offered at $30,000,000.00 with a solid 6.75% cap rate, the asset delivers both stability and long-term value. The price per built square meter stands at $2,650.57—an exceptional value given its central location and large land parcel.
Strategically located on the highly trafficked Avenida Simón Bolívar, NYSO presents a premier commercial investment opportunity in Panama City. Zoned RM3 C2, the property allows for flexible mixed-use development, making it ideal for residential, commercial, or corporate projects.
The complex consists of two structures built between 1996 and 2001, set on a generous 20,000.14 m² lot (approx. 215,278 sq. ft.), with a total built area of 11,318.32 m² (approx. 121,851 sq. ft.). Its size, prime location, and development potential make NYSO one of the most attractive urban investment opportunities in the market.
Offered at $30,000,000.00 with a solid 6.75% cap rate, the asset delivers both stability and long-term value. The price per built square meter stands at $2,650.57—an exceptional value given its central location and large land parcel.
Listed by Coco Pere • Engel & Völkers Panama City
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