It is named after Vasco Nuñez de Balboa, It is approximately 3.5 km long and is located along the Pacific Ocean, making it one of the biggest attractions for real estate development in the city.

Along the avenue lies one of the main financial centers of the city.

Its average traffic is approximately 75,000 vehicles per day.

[citation needed] Avenida Balboa was completely remodelled and expanded in 2009.

The aims of the expansion were to make the road a major tourist attraction and an important meeting point for the city.