Lot for Sale in 12 de Octubre

Description

Lot for sale located between Av. Simón Bolívar and Av. 11 de Octubre – close to schools and with quick access to the entire city. Key features: Land: 1,507 m² RM2/RM3 zoning - Perfect for building and maximising your investment. ONLY 300 METRES FROM THE METRO! - A rapidly developing area with high demand. VACANT land, ready to build - No complications. Ideal for investors or businesses looking for land for development. For more information or to arrange a viewing, please do not hesitate to contact us; we will assist you as soon as possible.

Amenities

• Shopping centres
• Near urban area
• Schools / universities
• Mountain
• On main road
• Public transport nearby
• Commercial area
• Industrial area
• Residential area
• Green areas

Gallery

The area: 12 de Octubre

12 de Octubre is a corregimiento of Panama City in the eastern part of the capital, bordering Río Abajo, Pueblo Nuevo and Parque Lefevre. It is a long-established, densely built urban area, largely residential in character, combining streets of houses with low- and mid-rise buildings and neighbourhood commercial strips. Its central-eastern position gives it access to the main roads linking the banking district with the eastern side of the city, and it is served by the public transport routes that run through the area.

For buyers, the appeal here is practical rather than aspirational: entry prices are lower than in the coastal districts, and steady demand comes from families and workers who want to live close to employment across the city. Most opportunities involve houses, small apartment buildings or commercial ground-floor space, and they suit investors with a long-term view of a consolidated neighbourhood.

Similar properties

• Lot for Sale in Betania — $1,200,000
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• Villas for Sale at Bosco Santa María — $1,850,000
• Commercial House for Sale in Bella Vista. — $2,000,000
• Penthouse for Sale in Punta Pacífica, PH Aqualina — $1,800,000

Frequently asked questions

What can be developed on a 1,507 m² lot in this area?

The land sits in a mixed-use sector, with commercial, residential and industrial activity in the immediate surroundings, which leaves several project options open. Density, permitted height and setbacks depend on the land-use rules currently in force for this specific parcel. We provide the cadastral record and an up-to-date zoning check on request, before you commit to any preliminary design.

What are the advantages of fronting a main road in 12 de Octubre?

Frontage on a main road gives constant visibility and makes vehicle and supplier access straightforward, which matters for commercial or mixed-use projects. Public transport is also close by, widening the reach for employees, customers or future residents. It is worth reviewing on site which entry and exit movements are permitted along that road, something we can verify with you during the visit.

What should I verify before closing on this lot?

The essentials are the title study and the status of the parcel at the Public Registry, the zoning currently in force, and the availability and capacity of water, electricity and sewer connections at the property frontage. An independent topographic survey is also worthwhile to confirm boundaries and levels before you design. Closing costs and processing times vary from case to case; we set them out for you on request.

Can a foreigner buy property in Panama?

Yes. Panamanian law grants foreigners the same ownership rights as nationals, with no residency requirement and no local partner. Specific restrictions apply to land near the borders. We guide you through every step of the process.

What costs should I expect beyond the price?

In addition to the purchase price, you should budget for transfer tax, notary fees, registration with the Public Registry, and legal fees. We provide the exact breakdown for this property before you sign the purchase promise.

Your advisor

DG Group Real Estate — licensed brokers in Panama City. We guide you from the first viewing through to registration with the Public Registry. +507 6528-6434