$4,500,000
FL
MLS# A12030187
1 / 8
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.
Details
Contract Information
Comp Sale YN: No
Listing Date: 2026-06-03
Status: Active
Original List Price: 5500000
List Price: $4,500,000
Current Price: $4,500,000
Location and Legal
County Or Parish: Other
County Parish Name: Other
Country: Panama
Street Name: Marbella Panama Republic Of Panama
State Or Province: FL
Subdivision Name: CAMPO ALEGRE
Area: 5940 - Other Florida County
Zoning: 1ZM6
General Property Information
Number Of Units Total: 1
Adjusted Area Main: 21818
Living Area Main: 21818
Lot Size Dimensions: 0.191
Parking Total: 10
Stories Total: 3
Pool Private YN: Yes
Property Sub Type: Quadruplex
Year Built: 2000
Office/Member Information
DXORIGMLSID: SEF
Flooring
Ceramic Tile: 1
Marble: 1
Documents Available
Appraisal: 1
Financial Statement: 1
Rent Rolls: 1
Structure Type
Multi Family: 1
Possession
Close Of Escrow: 1
Negotiable: 1
Sewer
Public Sewer: 1
Utilities
Cable Available: 1
Heating
None: 1
Construction Materials
CBS: 1
Concrete Block - No Stucco: 1
Listing Terms
Cash: 1
Conventional: 1
Pool Features
Other: 1
Roof
Concrete: 1
Water Source
Public: 1
Income and Expenses
Gross Income: 267600
Cooling
Central Air: 1
Electric: 1
Showing Requirements
Call Listing Agent: 1
Tax Information
Tax Reflects No Exemptions: 1
Unit 1 Details
Actual Rent: 2230
Baths Full: 2
Beds Total: 2
Efficiency YN: No
Furnished: Furnished
SqFt: 850
Unit 1 Lease Description
Lease Term: Month To Month
Unit 1 Parking Details
Garage YN: Yes
Price Calculations
Current Price To SqFt: 206.25
Section Details
Parcel Number MLX: 2991
Acreage Description
1/4 To Less Than 1/2 Acre Lot: 1
Financial Information
Tax Year: 2025
Tax Legal Description: MARBELLA DEVELOPMENT SITE WITH EXISTING INCOME PRODUCING STRUCTURE PANAMA CITY PANAMA
Status Change Information
Major Change Timestamp: 2026-06-22T05:54:43Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-06-22T05:54:43Z
Status Change Date: 2026-06-03
Originating Details
Originating System Key: 503568092
Originating System ID: M00000151
Property Features
Documents Available: Appraisal; Financial Statement; Rent Rolls
Flooring: Ceramic Tile; Marble
Structure Type: Multi Family
Construction Materials: CBS; Concrete Block - No Stucco
Cooling: Central Air; Electric
Heating: None
Listing Terms: Cash; Conventional
Pool Features: Other
Possession: Close Of Escrow; Negotiable
Roof: Concrete
Sewer: Public Sewer
Tax Information: Tax Reflects No Exemptions
Utilities: Cable Available
Water Source: Public
Showing Requirements: Call Listing Agent
Acreage Description: 1/4 To Less Than 1/2 Acre Lot
Listing Office: Global Terra Invest LLC
Last Updated: November - 15 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
