Context. Studies of galaxy pairs can provide valuable information to jointly understand the formation and evolution of galaxies and galaxy groups. Consequently, taking into account the new high precision photo-z surveys, it is important to have reliable and tested methods that allow us to properly identify these systems and estimate their total masses and other properties. Aims. In view of the forthcoming Physics of the Accelerating Universe Survey (PAUS) we propose and evaluate the performance of an identification algorithm of projected close isolated galaxy pairs. We expect that the photometric selected systems can adequately reproduce the observational properties and the inferred lensing mass - luminosity relation of a pair of truly bound galaxies that are hosted by the same dark matter halo. Methods. We develop an identification algorithm that considers the projected distance between the galaxies, the projected velocity difference and an isolation criteria in order to restrict the sample to isolated systems. We apply our identification algorithm using a mock galaxy catalog that mimics the features of PAUS. To evaluate the feasibility of our pair finder, we compare the identified photometric samples with a test sample that considers that both members are included in the same halo. Also, taking advantage of the lensing properties provided by the mock catalog, we apply a weak lensing analysis to determine the mass of the selected systems. Results. Photometric selected samples tend to show high purity values, but tend to misidentify truly bounded pairs as the photometric redshift errors increase. Nevertheless, overall properties such as the luminosity and mass distributions are successfully reproduced. We also accurately reproduce the lensing mass - luminosity relation as expected for galaxy pairs located in the same halo.