Balboa Avenue Warehouses

For Sale

Industrial For Sale in Avenida Balboa

$ 15,500,000

For Sale 2-story commercial warehouse with a land area of 6,000 square meters, located in Justo Arosemena Avenue, Bella Vista, Panama City. It includes open spaces with ample ceiling and good height. It includes office spaces, open and closed operative areas, file rooms, storage rooms, parking lots, multiple restrooms. It includes multiple parking areas both outside and inside. Centrally located, one block from the Loteria Metro Station. Accessible from multiple areas of Panama City such as from Balboa Avenue, from Transistmica Avenue and from Calle 50. We have multiple photos, images, videos of both internal and external tour with Drone. Ideal for use as a Warehouse, Warehouse, MiniDepósitos, Construction of Residential and Commercial Building Project. The sector where the property is located is characterized as an area of predominantly commercial development, especially in the area located between Central Avenue and Justo Arosemena Avenue. In addition to stores in general, it is close to low and medium-cost hotels and institutional buildings. As it approaches Balboa Avenue and Cinta Costera, the growth of the area has focused on the development of high-density, high-cost residential buildings, while the properties on National Avenue are characterized by industrial buildings and warehouses dedicated to storage activities, thus benefiting the properties in the sector. The property covers an entire block, between Justo Arosemena Avenue, East 29th Street, East 30th Street and Mexico Avenue, at an approximate distance of 360 meters from Central Avenue, 120 meters from Balboa Avenue and 80 meters from La Lotería Subway Station. Zoning is MP- RM3C2, High Intensity Commercial. Permitted uses: Construction, reconstruction or modification of multi-family buildings, commercial premises on the first floor (low intensity commercial), with a maximum net density of 1,500 persons/hectare. The Property is currently rented with a valid Lease Contract and generating good profitability. The property is described with the following areas: Closed area: Galera space in front of Justo Arosemena Ave: It has warehouse and office area, Mezzanine of Local No.1 - office, Mezzanine of Local No.2 - warehouse. 2. Closed area: Galera space in front of Mexico Ave.: On the first floor it has warehouse, offices, warehouse, mezzanine - warehouse, and mezzanine - offices. Upstairs, has a warehouse, office, ramp and mezzanine-office. 3. Open area: Perimeter sidewalk and parking lot pavement.

Balboa Avenue 6000m²

More Details

Results: