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$ 2,800,000
Est. payment /mo
Active
Marbella
5,382 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,382 sqft
Price per Sqft $520
Lot Size 10,344 Sqft
Property Description
Corner lot with house in Marbella – Zoned RM3/C2 – Leased through 2029
Located in one of Panama City's most prestigious neighborhoods, this corner lot in Marbella sits on 961 m² (10,344 ft²) of flat land on the quiet, dead-end street Calle Las Esmeraldas. With RM3/C2 zoning, the property allows for high-density residential or commercial development, making it a highly attractive opportunity for builders and investors looking to capitalize on the area's continued growth and demand.
The property includes a two-story house with approximately 500 m² (5,382 ft²) of construction, featuring generous interior spaces, a private terrace, and a pool. The structure is currently being used as a senior care facility and is being sold with a long-term lease agreement already in place, providing immediate rental income and a solid return on investment.
The lease is active from November 2024 through November 2029, with the first three years at $4,700 per month and the last two years increasing to $4,936 per month. This translates to guaranteed income of over $280,000 during the full lease term, with minimal management required.
Whether you're seeking a passive income property, a redevelopment opportunity, or a strategic asset in the heart of Panama City, this lot checks all the boxes. The corner location, favorable zoning, current tenant, and solid lease terms offer unmatched value in a market where well-located properties are becoming increasingly rare.
Marbella is a central and upscale district known for its proximity to the financial district, luxury residences, corporate offices, and exclusive dining options. The area is one of the most sought-after in Panama for both commercial and residential developments due to its prime location and infrastructure.
This property represents not only a secure investment today, but also a valuable piece of land for future growth.
Located in one of Panama City's most prestigious neighborhoods, this corner lot in Marbella sits on 961 m² (10,344 ft²) of flat land on the quiet, dead-end street Calle Las Esmeraldas. With RM3/C2 zoning, the property allows for high-density residential or commercial development, making it a highly attractive opportunity for builders and investors looking to capitalize on the area's continued growth and demand.
The property includes a two-story house with approximately 500 m² (5,382 ft²) of construction, featuring generous interior spaces, a private terrace, and a pool. The structure is currently being used as a senior care facility and is being sold with a long-term lease agreement already in place, providing immediate rental income and a solid return on investment.
The lease is active from November 2024 through November 2029, with the first three years at $4,700 per month and the last two years increasing to $4,936 per month. This translates to guaranteed income of over $280,000 during the full lease term, with minimal management required.
Whether you're seeking a passive income property, a redevelopment opportunity, or a strategic asset in the heart of Panama City, this lot checks all the boxes. The corner location, favorable zoning, current tenant, and solid lease terms offer unmatched value in a market where well-located properties are becoming increasingly rare.
Marbella is a central and upscale district known for its proximity to the financial district, luxury residences, corporate offices, and exclusive dining options. The area is one of the most sought-after in Panama for both commercial and residential developments due to its prime location and infrastructure.
This property represents not only a secure investment today, but also a valuable piece of land for future growth.
Listed by Tina Punjabi • Engel & Völkers Panama City