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$ 8,000,000
Est. payment /mo
Active
Bella Vista
6,553 SqFt
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Square Footage 6,553 sqft
Price per Sqft $1,220
Lot Size 0.492 Acres
Property Description
Institutional Property in Bella Vista – Calle 41 Este
Educational Facility with ZM7 High-Intensity Zoning
Redevelopment Potential • Central Location • Investment Asset
This institutional property is located in the heart of Bella Vista on Calle 41 Este, one of Panama City's most central mixed-use corridors. The asset sits within a ZM7 (High-Intensity Mixed-Use) zoning district, allowing high-rise residential, commercial, institutional, educational, and mixed redevelopment, with permitted density up to approximately 20 floors.
The property occupies a 608.80 m² (approx. 6,553 sq ft) lot and includes an existing 1,993 m² (approx. 21,453 sq ft) four-level reinforced-concrete building, currently adapted and operating as an educational institution. The structure is approximately 19 years old with an estimated structural lifespan of 80 years and includes elevator, water reserve tank, CCTV, smoke detection, emergency lighting, and institutional interior adaptations.
The current layout provides multiple classrooms, administrative offices, therapy cubicles, and common areas across four levels, with ground-floor parking and reception. The zoning and location create clear potential for continued institutional use or vertical redevelopment in a high-demand central district.
The property is currently mortgaged; this condition can be structured within a transaction.
Property Overview
Lot size: 608.80 m² (approx. 6,553 sq ft)
Built area: 1,993 m² (approx. 21,453 sq ft)
Levels: 4
ZM7 high-intensity mixed-use zoning
Elevator
Institutional infrastructure installed
Ground-floor parking
Educational layout
Location & Zoning
Location: Calle 41 Este, Bella Vista, Panama City
Central mixed-use corridor
ZM7 zoning (high-intensity mixed use)
Potential up to ~20 floors
Multifamily, commercial, institutional permitted
This property represents a rare institutional and redevelopment opportunity in one of Panama City's most strategic central zones.
Educational Facility with ZM7 High-Intensity Zoning
Redevelopment Potential • Central Location • Investment Asset
This institutional property is located in the heart of Bella Vista on Calle 41 Este, one of Panama City's most central mixed-use corridors. The asset sits within a ZM7 (High-Intensity Mixed-Use) zoning district, allowing high-rise residential, commercial, institutional, educational, and mixed redevelopment, with permitted density up to approximately 20 floors.
The property occupies a 608.80 m² (approx. 6,553 sq ft) lot and includes an existing 1,993 m² (approx. 21,453 sq ft) four-level reinforced-concrete building, currently adapted and operating as an educational institution. The structure is approximately 19 years old with an estimated structural lifespan of 80 years and includes elevator, water reserve tank, CCTV, smoke detection, emergency lighting, and institutional interior adaptations.
The current layout provides multiple classrooms, administrative offices, therapy cubicles, and common areas across four levels, with ground-floor parking and reception. The zoning and location create clear potential for continued institutional use or vertical redevelopment in a high-demand central district.
The property is currently mortgaged; this condition can be structured within a transaction.
Property Overview
Lot size: 608.80 m² (approx. 6,553 sq ft)
Built area: 1,993 m² (approx. 21,453 sq ft)
Levels: 4
ZM7 high-intensity mixed-use zoning
Elevator
Institutional infrastructure installed
Ground-floor parking
Educational layout
Location & Zoning
Location: Calle 41 Este, Bella Vista, Panama City
Central mixed-use corridor
ZM7 zoning (high-intensity mixed use)
Potential up to ~20 floors
Multifamily, commercial, institutional permitted
This property represents a rare institutional and redevelopment opportunity in one of Panama City's most strategic central zones.
Listed by Robert Lau • Engel & Völkers Panama City
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