Calidonia, Panama City · Establishment · ID #52635
Sale Price
$1,100,000
Total Area
1,200 m2
Parking
10
Property Details
Year Built:1935
Total Area:1,200 m2
Built Area:837 m2
Description
Exceptional opportunity to acquire a landmark property in the civic heart of Panama City, located on Avenida Cuba, directly adjacent to the Municipality of Panama City and the Mayor’s Office. Originally built as a synagogue, the property served the Kol Shearith Israel Congregation for approximately 70 years, until 2006. It was subsequently operated by a U.S.-based evangelical group until the end of 2025. Following a corporate restructuring, the property is now available for immediate use or repositioning. The structure retains its original architectural layout, featuring high ceilings and generous open interior volumes. Its configuration allows for continued religious use or alternative commercial or cultural concepts, such as a theater, event venue, gallery, restaurant, residential, or institutional use. Highly visible central location, within walking distance of two hospitals and a Metro station. Zoning: MP-RM3C2. Recently appraised at US$1.9 million (October 2025) and offered at US$1.1 million, creating an immediate value gap of US$800,000. Listed on the MLS (Multiple Listing Service), ensuring broad exposure to licensed Realtors and dozens of national and international portals. Private viewings available for qualified parties.
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