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+15614408997
Star Platinum Realty Group Inc.
Marbella Panama Republic Of Panama, Not Provided, FL Not Provided
- $4,500,000
- 21,818
- SqFt
- List Price
- $4,500,000
- Days on Market
- 162
- MLS#
- A12030187
- Year Built
- 2000
- Living Area
- 21,818
- MLS Area Major
- 5940 - Other Florida County
Property Description
Prime income-producing multifamily asset in Marbella, Panama City. Property consists of 10 rental units within an existing 2,027 SqFt building situated on a 774.38 m² development site. Currently generating approximately $267,600 gross annual income with stabilized occupancy above 95%. Zoned 1ZM6 with potential for future residential development of up to 15 stories. Excellent opportunity to acquire a cash-flowing asset while benefiting from long-term redevelopment potential in one of Panama City's most desirable and walkable districts. Located near banking headquarters, shopping centers, hospitals, restaurants, Casco Viejo, and Tocumen International Airport. Ideal for investors, developers, and multifamily operators. Buyer to verify all zoning, development rights, dimensions, and income figures during due diligence.
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Additional Information
- Zoning
- 1ZM6
- Utilities
- Cable Available
- Heating
- None
- Air Conditioning
- Central Air, Electric
- Exterior Construction
- CBS (Concrete Block Structure), Block
- Roof
- Concrete
Listing courtesy of Global Terra Invest LLC. Contact: