Building for Sale in Casco Antiguo – Commercial & Residential Investment Opportunity

Strategically located in the heart of Panama City’s Casco Antiguo, this property sits within the UNESCO-protected historic district, surrounded by cultural landmarks and vibrant city life.

Total Built Area: 506.79 m²
Configuration: Three levels, featuring two commercial units on the ground floor and 12 residential apartments across the upper levels.

Property Breakdown:
Ground Floor:
Two commercial spaces with street access

First Floor:
Main access via staircase from the ground level
Common hallway
One residential unit with two entrances
Separate shower area, restroom, and a balcony overlooking Avenida B

Second Floor:
Common hallway
Separate shower and restroom facilities
Shared laundry area with washbasin and utility sink
Five individual rooms with private entrances

Third Floor:
Common hallway
Shared full bathroom with bathtub and toilet
Five rooms

Key Investment Highlights:
60% of units currently rented
Approved renovation plans
Licensed for restaurant operations
Historic classification: 3rd Order
Zoning: RMH3-C2, allowing for flexible commercial and residential redevelopment options

This property offers exceptional potential for redevelopment into a boutique hotel, residential rental building, or mixed-use space combining hospitality and housing. Its prime location ensures steady foot traffic and exposure, while the approved plans and existing commercial licensing streamline the investment process.

A rare opportunity to invest in one of the city's most iconic neighborhoods—where heritage architecture meets modern lifestyle and strong rental demand.