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$ 7,909,771
Est. payment /mo
New
San Francisco
0.53 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Lot Size 0.528 Acres
Property Description
Commercial Land on Vía Israel for ZM8 Development
The commercial land parcel measuring 2,137 m² (23,002 sqft) on Vía Israel offers a compelling opportunity for developers aiming to build residential, hotel or commercial projects in one of Panama City's most strategic and high-demand urban corridors. With ZM8 zoning that supports higher density, mixed-use configurations and architectural flexibility, this 2,137 m² parcel provides an efficient footprint for designing residential towers with full amenities, business or extended-stay hotel concepts, mid-scale corporate buildings or active street-front retail that leverages the significant pedestrian and vehicular flow along the avenue. Its lot size allows developers to optimize sellable area, incorporate underground parking, design efficient floor plates and integrate social or commercial components that enhance the overall marketability of the project to residents, travelers and commercial tenants. The site benefits from a prime location connecting Costa del Este, San Francisco, Punta Pacífica and the financial district, areas characterized by high-income residents, major corporate activity and a steady stream of both local and international visitors. This ensures consistent demand for well-positioned residential units, hotel accommodations and essential retail services. The parcel is well suited for a range of development concepts, from a premium residential building with curated amenities to a mixed-use project combining retail, services and a hospitality component aligned with the corporate and tourism activity of the surrounding districts. ZM8 zoning provides a strong framework for feasibility studies centered on density, market absorption, projected returns and long-term capital appreciation. The efficiency of the lot's size and geometry supports an architectural layout that maximizes construction viability, commercial competitiveness and investment performance, positioning this property as one of the strongest development opportunities currently available on Vía Israel for developers seeking high-value urban land in a growing market.
The commercial land parcel measuring 2,137 m² (23,002 sqft) on Vía Israel offers a compelling opportunity for developers aiming to build residential, hotel or commercial projects in one of Panama City's most strategic and high-demand urban corridors. With ZM8 zoning that supports higher density, mixed-use configurations and architectural flexibility, this 2,137 m² parcel provides an efficient footprint for designing residential towers with full amenities, business or extended-stay hotel concepts, mid-scale corporate buildings or active street-front retail that leverages the significant pedestrian and vehicular flow along the avenue. Its lot size allows developers to optimize sellable area, incorporate underground parking, design efficient floor plates and integrate social or commercial components that enhance the overall marketability of the project to residents, travelers and commercial tenants. The site benefits from a prime location connecting Costa del Este, San Francisco, Punta Pacífica and the financial district, areas characterized by high-income residents, major corporate activity and a steady stream of both local and international visitors. This ensures consistent demand for well-positioned residential units, hotel accommodations and essential retail services. The parcel is well suited for a range of development concepts, from a premium residential building with curated amenities to a mixed-use project combining retail, services and a hospitality component aligned with the corporate and tourism activity of the surrounding districts. ZM8 zoning provides a strong framework for feasibility studies centered on density, market absorption, projected returns and long-term capital appreciation. The efficiency of the lot's size and geometry supports an architectural layout that maximizes construction viability, commercial competitiveness and investment performance, positioning this property as one of the strongest development opportunities currently available on Vía Israel for developers seeking high-value urban land in a growing market.
Listed by Liliana Plata • Engel & Völkers Panama City
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