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$ 8,504,686
Est. payment /mo
Active
San Francisco
0.57 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Lot Size 0.568 Acres
Property Description
Commercial Land on Vía Israel for ZM8 Development
The commercial land parcel measuring 2,298.54 m² (24,741 sqft) on Vía Israel stands as one of the strongest opportunities for developers aiming to execute residential, hotel or commercial projects within a high-visibility, high-demand urban corridor. With ZM8 zoning that supports density, mixed-use programming and flexible architectural planning, this lot offers ideal conditions for developing modern residential towers with amenities, business or extended-stay hotels, mid-scale corporate buildings or active ground-floor retail designed to capture the heavy traffic flow of Vía Israel. Its 2,298.54 m² size allows for efficient massing, optimized sellable area and the integration of underground parking, social areas and thoughtfully designed floor plates that enhance absorption and long-term project value. Strategically positioned between Costa del Este, San Francisco, Punta Pacífica and the financial district, the site benefits from consistent demand from residents, commercial tenants, travelers and service operators. This land size is suitable for a premium residential development or a comprehensive mixed-use concept combining apartments, retail and hospitality components that leverage the corporate and tourist activity surrounding the area. ZM8 zoning provides the framework for adaptable feasibility studies focused on density, market absorption and investor return, offering developers a strong foundation for a project capable of delivering competitive performance in the local market. The lot's size and strategic frontage allow for an efficient architectural layout that balances construction feasibility, commercial attractiveness and long-term appreciation, making it one of the most compelling development opportunities currently available within Panama City's evolving urban landscape.
The commercial land parcel measuring 2,298.54 m² (24,741 sqft) on Vía Israel stands as one of the strongest opportunities for developers aiming to execute residential, hotel or commercial projects within a high-visibility, high-demand urban corridor. With ZM8 zoning that supports density, mixed-use programming and flexible architectural planning, this lot offers ideal conditions for developing modern residential towers with amenities, business or extended-stay hotels, mid-scale corporate buildings or active ground-floor retail designed to capture the heavy traffic flow of Vía Israel. Its 2,298.54 m² size allows for efficient massing, optimized sellable area and the integration of underground parking, social areas and thoughtfully designed floor plates that enhance absorption and long-term project value. Strategically positioned between Costa del Este, San Francisco, Punta Pacífica and the financial district, the site benefits from consistent demand from residents, commercial tenants, travelers and service operators. This land size is suitable for a premium residential development or a comprehensive mixed-use concept combining apartments, retail and hospitality components that leverage the corporate and tourist activity surrounding the area. ZM8 zoning provides the framework for adaptable feasibility studies focused on density, market absorption and investor return, offering developers a strong foundation for a project capable of delivering competitive performance in the local market. The lot's size and strategic frontage allow for an efficient architectural layout that balances construction feasibility, commercial attractiveness and long-term appreciation, making it one of the most compelling development opportunities currently available within Panama City's evolving urban landscape.
Listed by Liliana Plata • Engel & Völkers Panama City
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