Lot for Sale in Betania

Description

Land for sale located in one of the quietest areas of the city centre, with a cul-de-sac setting and direct access to Avenida Cincuentenario just 300 metres away. From there, it connects easily to key areas such as Costa del Este, Chanis, Vía España, Punta Pacífica, Marbella and the Corredor Sur. The classification allows greater flexibility in developing the land. This property features: 800 m² Central location Official zoning is RM-1 For more information or to arrange a viewing, please do not hesitate to contact us; we will assist you as soon as possible.

Amenities

• Panoramic view
• Paved access
• Tourist areas
• Shopping centres
• Near urban area
• Schools / universities
• Garden
• Nearby parks
• Public transport nearby
• Commercial area
• Medical centre
• Close to restaurants

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 12 de Octubre — $1,900,000
• Apartment for Sale at PH Central Park — $185,000
• Apartment for Sale at PH Torres Del Rey — $145,000
• Apartment for Sale at Ocean Reef PH Beach Club Residences — $1,200,000
• House for Sale in Albrook — $1,200,000
• House for Sale in Coco del Mar — $1,200,000

Frequently asked questions

What kind of project suits an 800 m² lot in this location?

Its size and position within a consolidated urban area make it viable for either a large single residence or an income-producing development, depending on what current zoning allows. The panoramic view and the paved access are already resolved, which simplifies both design and the construction stage. The zoning sheet with permitted density and height can be requested from DG Group Real Estate for review before any offer is made.

What is the immediate setting of 12 de Octubre, in Betania, like?

It is an already developed urban sector, with a commercial zone, shopping centers, restaurants, schools and universities, a medical center and parks in the surrounding area. Public transport nearby makes daily life practical for residents or tenants who do not rely on a car. Betania also sits close to tourist areas and connects easily with the rest of the city, which tends to support rental demand.

What should a buyer verify before closing on the lot?

It is worth reviewing the cadastral plan and the actual measurement of the 800 m², the status of the title at the Public Registry, and the availability and capacity of water, electricity and sewer connections. Topography and required setbacks should also be confirmed, since they determine how much of the land is effectively buildable. The agency provides the available documentation and coordinates a site visit with your architect or attorney; closing and processing costs are shared 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