Large commercial land site with restaurant frontage on Calle Eusebio A. Morales in El Cangrejo Panama City

Exterior street-facing: Existing restaurant and building sitting on large flat development lot with city exposure.

Flat paved parking lot with office building in El Cangrejo Panama commercial property for redevelopment

Exterior parking and building: Paved parking area and independent office building on double frontage lot.

Development site with two street access points in prime El Cangrejo Panama commercial district

Site overview: Large titled lot for mixed-use redevelopment with street access from both sides.

Land for Sale

El Cangrejo 1800m² Development Land Dual Access Panama City

El Cangrejo / Obarrio border, El Cangrejo, Panama City

USD2,600,000

500.0 m² Area 10 Parkings

About this Land

Exceptional commercial development opportunity featuring 1,800 m² of titled land on two folios in the highly desirable El Cangrejo district. The flat rectangular site offers double frontage on Calle Eusebio A. Morales and Calle Eric Del Valle – perfect for mixed-use high-rise, commercial plazas, or multifamily development. Zoning RM-2 allows high-density residential apartments, office, retail and complementary institutional functions. Existing improvements include two commercial structures: one a restaurant space with terrace, kitchens, offices; the other a converted office building with reception and multiple private offices – generating interim rental income or redevelopment potential. Steps from Via Argentina metro, major hotels, universities, and retail corridors. Ideal for developers or investors looking for prime Panama City land. Listed at $2,600,000 ($1,444/m²). Contact Maria Lopez from Casa Nova Realty Panama to schedule your private site tour today.

Contact Maria Lopez at Casa Nova Realty Panama today to schedule a viewing! Reference Listing ID: 4duYo5a.

Key Features

Double street access on prime El Cangrejo block
Completely titled with two parcels totaling 1,800 m²
Existing commercial buildings for interim income
Flat regular shape optimal for future construction
RM-2 flexible zoning – multifamily, commercial, institutional
All city utilities connected and infrastructure ready
Walking distance to metro, shops, hotels, universities
Excellent investment and redevelopment potential in Panama City

Property Details

TypeLand

CategoryCommercial / Mixed-use Development Lot

Size500 m²

Lot Size1800 m²

Parking10

FurnishedNo

Pets AllowedNo

Price/m²USD5,200.00 / m²

Listing ID4duYo5a

Year Built1985

El Cangrejo Commercial Block Amenities

Multiple Independent Commercial Units

Two existing one-story buildings – commercial restaurant and office spaces with parking.

Dual Street Access

Entrances on Calle Eusebio A. Morales and Calle Eric Del Valle, ideal for large-scale development or multi-tenant complex.

Flat Regular Lot

Rectangular flat lot suitable for high density development with easy subdivision.

Utilities Ready

Connected to municipal water, sewer, electricity, internet and cable ready infrastructure.

Flexible Zoning RM-2

Permits multifamily condos, offices, retail on ground floor, educational and institutional uses.

Existing Parking Areas

On-site parking adaptable to future building plans.

Mature Landscaping

Large trees and greenery enhance site appeal.

Location & Nearby

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Neighborhood Highlights

Centrally located in Panama City's vibrant El Cangrejo neighborhood
High foot traffic commercial and residential mix
Near Via Argentina metro station
Close to universities, hotels, restaurants and banks
Double street front exposure on two popular avenues
Established commercial zone with multifamily developments

Nearby Landmarks

Via Argentina Metro Station (400m)
Universidad de Panama (800m)
Hotel El Panama (300m)
Ignacio Mall (600m)
Parque Andres Bello (350m)

*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: 4duYo5a. Last updated: 2025-11-07T23:59:00Z*