Strategic location and versatility define this unique property in Obarrio, the business heart of Panama. We present a single-story, single-family chalet with R2-A zoning, ideal for medium-density residential development and complementary uses. Situated just steps from Samuel Lewis Avenue, it offers an optimal physical state and land with the potential to expand or transform.

Recently reduced from $511K to $490K, with an appraisal value of $700K, this property represents a smart investment. Free of encumbrances and with an updated appraisal report, it is ready for banking procedures and immediate decisions. With possibilities for remodeling to suit various projects, its privileged location ensures value and visibility.

The 1R5 norm of the new territorial planning scheme expands its possibilities, opening doors to commercial and residential uses. Take advantage of this price reduction to acquire a property with the promise of growth and investment return in one of the most sought-after areas of the city.

Contact us to explore this charming chalet and discover how it can be the canvas for your next successful project in Panama.