San Miguelito, Panama City · Land/Farm · ID #57691
Sale Price
$95,000
Total Area
426 m2
Features
Close to Shopping Centers
Close to Schools
Close to Main Roads
Green Area
Description
Land for Sale – El Bosque Residential Area, San Miguelito
An excellent plot of land consisting of three (3) adjacent lots is for sale in El Bosque Residential Area, located in one of the most established and strategic residential areas of the San Miguelito District. A prime location with easy access to Ricardo J. Alfaro Avenue (Tumba Muerto), close to universities, shopping centers, supermarkets, public transportation, and Metro stations.
Property Features (Sales Options)
Option 1: Entire Block (3 Lots)
Total Area: 1,277.50 m²
Special Price: $250,000 (Only $195.70 per m²)
Option 2: Part of 2 Lots
Total Area: 852.00 m²
List Price: $185,000
Option 3: Individual Lot (1 Lot)
Total Area: 426.00 m²
List Price: $95,000
Property Attributes and Advantages:
Special Residential Zoning (R-E): Ideal for developing a low-rise residential building, a gated community of duplexes (townhouses), or spacious single-family homes.
Complete Infrastructure:
Direct access via a concrete road and immediate connection to all public utility networks (potable water, electricity, and sewage).
Included Improvements:
Features a robust 1.89-meter-high perimeter retaining wall that provides stability to the land.
Opportunity Price:
Features undulating/broken topography and old foundations to be demolished; these technical factors have already been fully addressed with a discount of over 30% compared to the original market appraisal.
Sale prices range from $95,000 to $250,000.
An unparalleled opportunity for developers, builders, or investors looking to develop a fast-moving residential project or build to their specifications in a central location within the city. Contact us for more information, to review plans, or to schedule a site visit.
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