La Chorrera, La Chorrera, Panama City

Located just one minute from the paved road in the El Iguano area of La Chorrera, this 3 hectare (29, 459.78 sqm) property presents a compelling opportunity for either agricultural use or residential development. The land benefits from flat to gently sloped topography and a favorable zoning designation that allows for residential use in an area poised for continued growth. The land currently holds an agricultural tax exemption and previously served as a lease for pineapple growers. The property remains well-suited for similar agricultural projects and also offers the option to transition into a residential development. The property is accessible and well-positioned to benefit from the increasing demand for housing in the expanding western corridor of Panama. Agricultural Use and Income Potential The land has a proven history of agricultural use, having been leased for pineapple cultivation over an extended period. The property's soil quality, easy access, and agricultural tax exemption position it as a practical option for continued farming or leasing to generate income while planning future development. Zoning and Development Opportunities The property is located in a sector where zoning permits residential use, making it suitable for a future subdivision or housing development. Importantly, the owners of the neighboring land have expressed interest in a potential joint venture. This opens the door to a larger-scale residential project by combining parcels, allowing for shared infrastructure development and a more coordinated site plan. Location and Accessibility Positioned near the Pan-American Highway, the property offers direct access to major transportation routes, with Panama City reachable in under an hour. Its location provides convenience for logistics and commuting, which adds to the appeal for residential developers and future homeowners. Infrastructure improvements and upcoming projects, such as Metro Line 3, are driving La Chorreras ongoing expansion and are set to significantly improve connectivity to Panama City. These factors contribute to increasing interest in residential development in the area. Casa Solution provided a very effective, efficient, and professional service Mr. AH from North Carolina, USA For more information, a more complete description and up-to-date prices for this property, visit the Casa Solution website.