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Large 890m2 lot with preserved mid-century house, mature garden, ideal development site in Obarrio near Calle 50
Exterior: Tropical landscaped urban lot with classic home, prime for residential or commercial redevelopment.
Spacious living room with wood ceilings, glass doors to patio, natural light in Obarrio home Panama City
Living room: Traditional living room with dark wood beams and patio access features vintage style.
Shaded patio with garden view, ideal outdoor living space, mid-century house in Obarrio Panama City
Outdoor patio: Large tiled outdoor veranda overlooking lush tropical garden perfect for relaxing or entertaining.
Traditional kitchen with L-shaped counters, wood ceiling, gas stove in Panama City mid-century home
Kitchen: Spacious kitchen with breakfast area and vintage finishes overlooking greenery.
Remodeled bathroom with vessel sink, tiled walls, large mirror in Obarrio house Panama
Bathroom: Modern bathroom design with brown tiles and quality fixtures.
House With Redevelopment Lot for Sale

Corner Lot w/ Mid-Century House Obarrio Panama | Redevelopment

Obarrio / Calle 50 Financial District, Obarrio, Panama City

USD1,950,000
7 4 375.0 m² 8

About this House With Redevelopment Lot

Exceptional 890m2 urban corner lot for sale in Obarrio, Panama City, featuring a beautifully preserved two-story mid-century modern home designed by renowned architect Calvin Stempel. This unique residence from 1955 sits amidst lush tropical gardens and boasts 375m2 of construction with 7 bedrooms, 4 bathrooms, multiple bright living spaces, original exposed wood ceilings, curved staircases, ample kitchen, offices, patios, and vintage design ideal for residence, boutique offices, or a bespoke restaurant. RM3-C2 zoning permits high-rise mixed commercial-residential development, making this an unmatched investment opportunity steps from Calle 50 and the financial district. Perfect site for apartments, condos, corporate offices, or hospitality projects, with up to 8 parking spaces on site and additional public parking nearby. Listed at $1,950,000. Contact Casa Nova Realty Panama and start building your Panama City vision today.

Contact Maria Lopez at Casa Nova Realty Panama today to schedule a viewing! Reference Listing ID: 3TRQi2q.

Key Features

  • Architecturally significant mid-century home
  • Extensive tropical gardens on corner lot
  • Redevelopment zoning RM3-C2 mixed use
  • Up to 8 parking spaces inside gated yard
  • Multiple living rooms and office spaces
  • Curved staircase with porthole windows
  • Open kitchen with natural light
  • Ideal for boutique commercial or residential projects
  • Near Calle 50 financial district and shopping centers

Detailed Features

Kitchen

Finishtile counters, wooden ceiling, large windows
RemodeledNo

Appliances

  • gas stove
  • microwave
  • multi-burner cooktop

Bedrooms

Bedroom 1

  • large windows
  • wooden beams
  • air conditioning
  • closets

Bedroom 2

  • large windows
  • curtains
  • traditional furniture

Bedroom 3

  • ample space
  • garden view

Bathrooms

Bathroom 1

  • brown tile walls
  • walk-in shower
  • vessel sink
  • vanity lighting

Bathroom 2

  • tiled walls
  • pedestal sink
  • wall mirror

Laundry

  • spacious area
  • storage cabinets

Outdoor

TerraceMultiple covered outdoor patios, lush gardens with mature landscaping

Property Details

TypeHouse with redevelopment lot
CategoryResidential / Commercial Land
Size374.96 m²
Lot Size890 m²
Bedrooms7
Bathrooms4
Parking8
FurnishedNo
Pets AllowedNo
Price/m²USD5,200.55 / m²
Listing ID3TRQi2q
Year Built1955

Community Amenities

Lush Gardens

Mature tropical landscaping with lawn and native plants

Covered Patio

Shaded veranda spaces ideal for outdoor seating or events

Multi-car Parking

Space for 8 parking spots with potential for visitor parking

Dual street frontage

Corner lot with easy street access on two sides

Location & Nearby

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Neighborhood Highlights

  • Highly sought-after corporate, residential, and commercial district
  • Meters from financial district, Calle 50, banks, restaurants, hotels
  • Walking distance to SoHo Mall, Multiplaza Mall, and public transit
  • Flat, corner urban lot ideal for redevelopment
  • Surrounded by luxury apartments, offices, prime amenities

Nearby Landmarks

  • SoHo City Center (500m)
  • Multiplaza Pacific Mall (1.5km)
  • Calle 50 Financial District (200m)
  • Iglesia del Carmen (800m)
  • Metro El Carmen Station (1km)
*Disclaimer: Property information is deemed reliable but not guaranteed and should be independently verified. Availability, price, and details are subject to change. Measurements are approximate. Listing ID: 3TRQi2q. Last updated: 2025-11-07T23:59:00Z*
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