Casco Viejo, Panama City · Establishment · ID #69696
Sale Price
$1,900,000
Built Area
600 m2
Property Details
Year Built:1910
Description
Investment Opportunity | Commercial and Residential Building at the Entrance to Casco Viejo. Take advantage of one of the most strategic and high-traffic locations at the entrance to the historic Casco Viejo (Old Town). Corner property on a pedestrian street, perfect for maintaining as an immediate income-generating asset or transforming into a high-value project such as a boutique hotel, restaurant, or mixed-use development. Key Features: Strategic Location: Corner lot on a pedestrian street with high and constant tourist and pedestrian traffic. Commercial Potential: Permit and ideal space for an outdoor terrace/tables (restaurant, café, or bar). Current Layout: 6 commercial spaces on the ground floor. 12 apartments. 100% Occupied: Generating income from day one. Surroundings and Competitive Advantages: Steps from the Cinta Costera (Coastal Strip). High-security area (constant SPI coverage due to proximity to the Presidential Palace). Free public parking nearby. Development Potential: Ideal for investors seeking immediate cash flow or developers interested in boutique projects (hospitality, luxury retail or high-profile multi-family housing).
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