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$ 3,650,000
Est. payment /mo
New
El Cangrejo
16 Beds
16 Baths
8,413 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Bedrooms 16
Full Baths 16
Lot Size 8,413 Sqft
Property Description
Income Producing Building on Via Argentina El Cangrejo
Fully Operational Rental Asset in Prime Mixed Use Corridor
El Cangrejo • Via Argentina • Income Property • Zoned ZM7
This fully operational income-producing building is located on a corner lot along Vía Argentina in El Cangrejo, one of Panama City's strongest rental submarkets. The property is zoned 1ZM7 – High Intensity Mixed Use, offering long-term flexibility and sustained demand.
The building consists of five levels, includes an elevator, and generates diversified income through residential units, commercial spaces, and rooftop telecommunications leases.
Property Overview
Land area: 781.61 m²
Approximately 8,413 sq ft
Five-story rental building
Year built: 1960 (internally remodeled)
Elevator
Rooftop leased to telecommunications operators
Income Composition
16 one-bedroom apartments
5 studio apartments
2 ground-floor commercial units
Location Highlights
Located in El Cangrejo on Vía Argentina
230 meters from Panama Metro station
Consolidated mixed-use residential and commercial corridor
Structurally low vacancy area
Historically high liquidity for sales and rentals
Income Summary
Estimated market income (appraisal):
Studios: B/. 550
Apartments: B/. 900
Commercial units: B/. 43.50 per m²
Rooftop antennas: B/. 1,100
Total monthly income: B/. 32,250
Annual gross income: B/. 387,000
Operating expenses (20%):
Maintenance
Taxes
Vacancy
Administration
Net Operating Income (NOI): B/. 309,600 annually
Return Metrics
Applied cap rate: 7.5%
Value by income approach: B/. 4,128,000
Independent appraisal: November 2024
This asset represents a stabilized, high-liquidity investment opportunity in one of Panama City's most resilient rental corridors.
Fully Operational Rental Asset in Prime Mixed Use Corridor
El Cangrejo • Via Argentina • Income Property • Zoned ZM7
This fully operational income-producing building is located on a corner lot along Vía Argentina in El Cangrejo, one of Panama City's strongest rental submarkets. The property is zoned 1ZM7 – High Intensity Mixed Use, offering long-term flexibility and sustained demand.
The building consists of five levels, includes an elevator, and generates diversified income through residential units, commercial spaces, and rooftop telecommunications leases.
Property Overview
Land area: 781.61 m²
Approximately 8,413 sq ft
Five-story rental building
Year built: 1960 (internally remodeled)
Elevator
Rooftop leased to telecommunications operators
Income Composition
16 one-bedroom apartments
5 studio apartments
2 ground-floor commercial units
Location Highlights
Located in El Cangrejo on Vía Argentina
230 meters from Panama Metro station
Consolidated mixed-use residential and commercial corridor
Structurally low vacancy area
Historically high liquidity for sales and rentals
Income Summary
Estimated market income (appraisal):
Studios: B/. 550
Apartments: B/. 900
Commercial units: B/. 43.50 per m²
Rooftop antennas: B/. 1,100
Total monthly income: B/. 32,250
Annual gross income: B/. 387,000
Operating expenses (20%):
Maintenance
Taxes
Vacancy
Administration
Net Operating Income (NOI): B/. 309,600 annually
Return Metrics
Applied cap rate: 7.5%
Value by income approach: B/. 4,128,000
Independent appraisal: November 2024
This asset represents a stabilized, high-liquidity investment opportunity in one of Panama City's most resilient rental corridors.
Listed by Robert Lau • Engel & Völkers Panama City