Two-Level Commercial Building in Albrook
Edificio Comercial en AlbrookAlbrook
- 1,029 m²
$2,375,000
$2,308 / m²
505.25 m² Retail Space at Albrook Mall
A leased, ground-floor retail investment at Albrook Mall
Albrook, Panamá
Active
$2,400,000
USD$4,750 / m²
- 505.25 m²Floor area
- 100Parking
- MallSetting
- 1Bath
Overview
Set within Albrook Mall, this 505.25 m² commercial space combines a ground-floor, external position with an existing tenant. It is offered for sale at USD 2,400,000 and is described as leased to an excellent tenant, with approximate rent of USD 9,500 per month, or USD 114,000 annually. The retail unit has one bathroom, finished interiors and central air conditioning. Its ground-floor placement and external location are paired with the high customer volume and strong commercial traffic associated with Albrook Mall. Visitor parking is also noted. 100 garage spaces, but the allocation and relationship to the visitor-parking feature require confirmation. For buyers seeking a commercial property with rental income in Panama City, the combination of an established mall location and an existing lease merits a closer look. Ask Casanova Realty for current lease terms, income documentation and details on the parking arrangement, then arrange a conversation about this Albrook Mall opportunity.
In Short
A 505.25 m² retail space at Albrook Mall is offered for sale at USD 2,400,000. It is on the ground floor, has one bathroom, finished interiors and central air conditioning, and is described as leased at approximately USD 9,500 monthly.
Before You Decide
- The property is offered at USD 2,400,000 and is described as leased at an approximate monthly rent of USD 9,500.
- The indicated approximate rent implies a 4.75% gross yield against the asking price before expenses and taxes.
- The source does not provide lease duration, operating costs, or verified parking allocation.
Highlights
- 505.25 m² commercial retail space
- Ground-floor, external position at Albrook Mall
- Currently leased to a tenant
- Approximate rent: USD 9,500 per month
- One bathroom
- Central air conditioning
- Finished interiors
- Mall setting with high customer traffic
At a Glance
- Status
- For sale; described as leased
- Asking price
- $2,400,000
- Price per m²
- $4,750.12/m²
- Bathrooms
- 1
- Area
- 505.25 m²
- Floor
- Ground floor
- Property type
- Commercial retail space
- Building
- Albrook Mall
- Neighborhood
- Albrook
- City
- Panama City
- Listing ID
- CNV-PROP-079706
Key Facts
- Category
- Commercial
- Unit type
- Commercial Retail
- Listed
- 10 February 2025
- Last updated
- 10 February 2025
Gallery
15 photographs of this residence.
What's Included
Everything that stays with the residence.
- Finished
- 100 parking spaces
Explore Retail local
Take a closer look before you travel.
No video on file for this unit yet. We can walk you through it live over WhatsApp — most buyers outside Panama start that way.
Features & Finishes
Layout
- Full baths
- 1
- Total
- 505 m² · 5,438 ft²
Systems & Comfort
- Air conditioning
- Central
Parking & Storage
- Spaces
- 100
- Covered
- No
Interior
- Finished
Costs & Financing
Everything you would actually pay, not just the asking price.
Purchase Summary
- Asking price
- $2,400,000
- Price per m²
- $4,750 / m²
- Cash to close (est.)
- $720,000at 30% down
Mortgage Estimate
- Down payment
- 30% · $720,000
- Loan amount
- $1,680,000
- Rate (assumed)
- 6.25%
- Term
- 30 years
Estimated monthly payment
$10,344
Principal and interest only
An illustration, not an offer. Panamanian banks lend up to about 70% to residents and 50–60% to non-residents; your rate depends on the bank, the term and your file.
Monthly Carrying Cost
Property tax$0
Insurance$0
Total, before mortgage:$0 / month
If you let it out
How It Compares
- The asking price is approximately USD 4,750.12 per m², calculated from USD 2,400,000 divided by 505.25 m².
- The stated approximate annual rent is USD 114,000, before expenses and taxes.
Value Comparison
Asking price per m², against the building, the sector and the country.
Retail local$4,750 / m²
Albrook average$3,440 / m²
Panama average$4,306 / m²
Asking 38% above the Albrook average — worth understanding what justifies it before you offer.
Investment Case
The property is offered for USD 2,400,000 and is described as leased at approximately USD 9,500 per month, equivalent to about USD 114,000 annually. That source-stated rent implies an approximate gross yield of 4.75% against the asking price, before expenses, taxes, vacancy, and other costs.
- 4.8%
- Gross yield
- —
- Net yield (est.)
- —
- 5-yr area growth
- —
- Days on market
Price History
- Listed · February 2025$2,400,000
How You Can Pay
This residence is not attached to a building page in our directory.
Living in Albrook
Ancón, Panamá
Albrook on Casanova today
- Active sale listings
- 105
- Active rentals
- 0
- Median asking price per m²
- $2,333
Getting Around
Ancón, Panamá, Panamá · Panama City
Address shown to neighborhood precision for the owner's privacy. The exact address is shared when a viewing is confirmed.
Frequently Asked Questions
What is the asking price for the Albrook Mall retail space?
The asking price is USD 2,400,000.
How large is the commercial space?
The space measures 505.25 m².
Is the property currently leased?
The property is described as leased to a tenant, with approximate rent of USD 9,500 per month.
Is the commercial space leased?
The property is described as leased to a tenant, with approximate rent of USD 9,500 per month.
What does the property include?
The commercial space has one bathroom, finished interiors and central air conditioning.
Similar Properties
Same market, comparable size and price.
Commercial Property with 30 Parking Spaces in Albrook
Edificio del Lote BAlbrook
- 11 Baths
- 1,029 m²
$2,200,000
$2,138 / m²
Interested in 505.25 m² Retail Space at Albrook Mall?
Speak to our team — viewings in person or by video, usually within 48 hours.