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BUILDING FOR SALE IN HISTORIC DISTRICT

Casco Viejo, Panama City  ·  Building  ·  ID #70984

Sale Price
$1,936,700
Total Area
691 m2

Features

Close to Shopping Centers
Close to Main Roads

Description

Building with Development Potential for Sale – Eloy Alfaro Avenue

Strategic Location with Heritage Value

A 3-level building is offered for sale, located on one of the busiest avenues with high urban value: Eloy Alfaro Avenue.

  • Ground Floor: Ideal space for commercial use, with excellent visibility and constant flow of pedestrians and vehicles.
  • Levels 1 and 2: Designed for apartments, ideal for residential rental or urban housing projects.

This property is located in a zone with high development potential, surrounded by environmental and heritage value, offering a secure investment with long-term appreciation.

Heritage restrictions and guidelines according to the National Historic Heritage Office:

  • The original façade must be preserved; extraneous elements must be removed or adapted.
  • The original openings must be maintained, with no possibility of creating new ones.
  • No additional levels are permitted on the front of the building.
  • The roof pitch and form must be preserved.
  • Garage doors will only be permitted if they fit within an existing opening without modifying its form or dimensions.

Property Specifications:

  • Sale Price: $1,936,700
  • Total Land Area: 691 m²
  • Current Built Area:
    • Level 000: 690 m²
    • Level 100: 560 m²
    • Level 200: 560 m²
  • Potential Construction Area: 1,810 m²
  • Zoning: C2
  • Category: Order 3

An excellent opportunity for those seeking to invest in a building with history, architectural character, and a privileged location in the city.

View complete description
0 days on market|Updated 16 Oct 2026

Payment Estimator

Estimated monthly payment
$0/mo
Estimate only. Actual payment depends on lender terms, taxes, and insurance.

Contact Info

Name Shai Bar-Ziv
License PJ-1411-2022

Posted By

Shai Bar-Ziv

Shai Bar-Ziv

License: PJ-1411-2022

+507 ▼

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