Ernestina Suarez
Description
Discover this house for sale in Urbanización Herbruger, located in El Carmen, Bella Vista, just steps from Vía Transístmica. Combining spacious living areas, green spaces, and a tenant-occupied commercial unit, this property is ideal for buyers seeking investment potential in Panama City.
The property features 1,010 m² of flat land and 772 m² of construction across two floors, with six bedrooms and spaces suitable for a variety of projects, subject to applicable regulations.
Property Features
Ground Floor
è Expansive primary suite with two bathrooms, two large walk-in closets, a private office, and private living and dining areas.
è Main living and dining areas.
è Kitchen.
è Staff bedroom and bathroom.
è Laundry area.
è Terrace and traditional thatched-roof gazebo.
è Swimming pool and spacious garden.
è Two storage rooms.
Upper Floor
è Five bedrooms.
è Four bathrooms.
è Family room.
è Spacious open-air terrace.
Tenant-Occupied Commercial Space
A currently leased commercial unit is located at the front of the property, with the possibility of negotiating a new lease agreement. This space offers an opportunity to generate rental income.
Zoning and Development Potential
The property has RM1-C2 zoning, offering potential for residential, commercial, office, and service uses, as well as the possibility of exploring a multifamily development.
Asking Price: US$800,000
20% below the market value indicated by a recent appraisal.
The property is held in the name of a corporation.
With its location in El Carmen, Bella Vista, flat lot, substantial built area, and existing commercial unit, this property is an option for buyers seeking a spacious residence or an investment property in Panama.
Contact me for more information and to schedule a viewing.
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listing details
- Listing ID: 003244131135
- Property type: House/Villa
- Contract type: For Sale
- Price: $ 800,000.00
- Bathrooms: 6
- Bedrooms: 6
- Stories/Floor: 2
- Garage capacity: 4
- Year built: 1963
- Construction size: 772.00 Sq. Mt. - 8,309.73 Sq Ft.
- Lot size: 1,010.00 Sq. Mt. - 10,871.54 Sq Ft.