12
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$720,000
Est. payment /mo
0.44 Acres Lot
Active
David - Chiriqui
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Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Lot Size 0.445 Acres
Property Description
Positioned within one of David's most established and dynamic commercial corridors, this 1,800 m² (19,375 ft²) development lot in San Mateo presents a unique opportunity for investors and developers seeking to capitalize on the continued growth of Chiriquí. With its RM1-C2 zoning designation, the property allows for a flexible combination of high-density residential and commercial use, making it an ideal foundation for a wide range of development concepts.
Strategically located in a high-traffic area, the lot benefits from immediate proximity to essential services, retail centers, restaurants, and key transportation routes. San Mateo is recognized as one of the most active sectors within David, attracting both residential demand and commercial activity, which continues to drive consistent appreciation and long-term value.
The RM1-C2 zoning provides maximum versatility, allowing for a mixed-use development that can integrate residential units with commercial spaces at ground level. This opens the door to multiple development strategies, including a boutique apartment building with retail frontage, a commercial plaza, or a hybrid project designed to serve both residents and the surrounding community.
As a corner-style lot, the property offers increased exposure and design advantages, allowing for efficient circulation, enhanced frontage, and greater architectural flexibility. High visibility from multiple access points further strengthens its commercial appeal, ensuring a constant flow of potential customers, tenants, or residents.
David, as the economic and commercial hub of Chiriquí, continues to experience steady growth driven by infrastructure development, agriculture, and increasing interest from both local and international investors. This positions the area as a key market for future real estate development.
Offered at $720,000, this property represents a compelling investment opportunity for those looking to establish a presence in one of Panama's fastest-growing regional markets.
This is more than just a land parcel—it is a unique opportunity to shape the future of urban development in David.
Strategically located in a high-traffic area, the lot benefits from immediate proximity to essential services, retail centers, restaurants, and key transportation routes. San Mateo is recognized as one of the most active sectors within David, attracting both residential demand and commercial activity, which continues to drive consistent appreciation and long-term value.
The RM1-C2 zoning provides maximum versatility, allowing for a mixed-use development that can integrate residential units with commercial spaces at ground level. This opens the door to multiple development strategies, including a boutique apartment building with retail frontage, a commercial plaza, or a hybrid project designed to serve both residents and the surrounding community.
As a corner-style lot, the property offers increased exposure and design advantages, allowing for efficient circulation, enhanced frontage, and greater architectural flexibility. High visibility from multiple access points further strengthens its commercial appeal, ensuring a constant flow of potential customers, tenants, or residents.
David, as the economic and commercial hub of Chiriquí, continues to experience steady growth driven by infrastructure development, agriculture, and increasing interest from both local and international investors. This positions the area as a key market for future real estate development.
Offered at $720,000, this property represents a compelling investment opportunity for those looking to establish a presence in one of Panama's fastest-growing regional markets.
This is more than just a land parcel—it is a unique opportunity to shape the future of urban development in David.
Listed by Ivette Cordovez • Engel & Völkers Panama City