Ground-Floor Retail at Albrook Mall
Two leased retail units in Albrook Mall
Albrook, Panamá
Active
$1,792,000
USD$7,504 / m²
- 238.81 m²Floor area
- 100Parking
- MallSetting
- 1Bath
Overview
An income-producing opportunity inside Albrook Mall: two ground-floor commercial units leased to the same café operator. Together, the spaces total 238.81 m² and benefit from the high customer traffic associated with this major shopping destination. The property combines a 58.66 m² unit with a second unit of 180.15 m². It has one reported bathroom, central air conditioning, finished interiors and visitor parking at the mall. The two spaces are currently leased to a café operator described as an excellent-quality tenant. Approximate rent is USD 9,500 per month, and the property is offered for USD 1,792,000 with an indicated 6.4% gross yield. Albrook Mall places the investment within a busy retail setting, with access to the Albrook transit hub and metro connection nearby. Contact us to request current lease information and arrange a visit.
In Short
The Albrook Mall commercial property comprises two ground-floor retail units totaling 238.81 m². It is offered for USD 1,792,000, is leased to one café operator, and has approximate reported rent of USD 9,500 per month.
Before You Decide
- Two income-producing retail units are leased to one café operator.
- The reported monthly rent is approximate; verify the lease and current payment terms.
- The 100-garage count requires clarification before treating it as parking allocated to the units.
- The total area is supported by the structured figure and the two stated unit areas, but the separate 58 m² reference should be clarified.
Highlights
- Two ground-floor retail units leased to one café operator
- 238.81 m² total area across units of 58.66 m² and 180.15 m²
- Approximately USD 9,500 in monthly rent
- USD 1,792,000 asking price
- Indicated gross yield of 6.4%
- Central air conditioning and finished interiors
- One reported bathroom
- Located in high-traffic Albrook Mall, with visitor parking
At a Glance
- Status
- For sale; currently leased
- Asking price
- $1,792,000
- Price per m²
- $7,503.87/m²
- Total area
- 238.81 m²
- Retail units
- 2
- Bathrooms
- 1 reported
- Floor
- Ground floor
- Monthly rent
- Approximately $9,500
- Indicated gross yield
- 6.4%
- Property type
- Commercial retail space
- Building
- Albrook Mall
- Neighborhood
- Albrook
- City
- Panama City
- Listing ID
- CNV-PROP-080095
Key Facts
- Category
- Commercial
- Unit type
- Commercial Retail
- Listed
- 20 June 2024
- Last updated
- 20 June 2024
Gallery
11 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
- 239 m² · 2,571 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
- $1,792,000
- Price per m²
- $7,504 / m²
- Cash to close (est.)
- $537,600at 30% down
Mortgage Estimate
- Down payment
- 30% · $537,600
- Loan amount
- $1,254,400
- Rate (assumed)
- 6.25%
- Term
- 30 years
Estimated monthly payment
$7,724
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 equates to approximately USD 7,503.87 per m², calculated from USD 1,792,000 divided by 238.81 m².
- Approximate rent of USD 9,500 per month implies an indicative gross yield of about 6.36% at the asking price, before expenses.
Value Comparison
Asking price per m², against the building, the sector and the country.
Retail local$7,504 / m²
Albrook average$3,440 / m²
Panama average$4,306 / m²
Asking 118% above the Albrook average — worth understanding what justifies it before you offer.
Investment Case
The two ground-floor retail units are leased to one café operator. Approximate monthly rent is USD 9,500, and the property is marketed at a 6.4% gross yield. Using the approximate rent and asking price produces an indicative gross yield of about 6.36%, before expenses.
- 6.4%
- Gross yield
- —
- Net yield (est.)
- —
- 5-yr area growth
- —
- Days on market
Typical tenant: Café operator; the current tenant is described as a café.
Price History
- Listed · June 2024$1,792,000
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 total area of the Albrook Mall retail property?
The two retail units have a combined stated total area of 238.81 m²: one is 58.66 m² and the other is 180.15 m².
What is the asking price?
The asking price is USD 1,792,000.
Are the retail units currently leased?
The two units are described as leased to the same café operator.
What monthly rent is reported for the units?
The reported monthly rent is approximately USD 9,500.
What floor are the retail units on?
Both commercial units are on the ground floor.
How many bathrooms and what type of air conditioning are reported?
The property has one reported bathroom and central air conditioning.
What amenities or features are reported for the premises?
The premises have central air conditioning, finished interiors, one reported bathroom, and visitor parking at the mall.
Similar Properties
Same market, comparable size and price.
Interested in Ground-Floor Retail at Albrook Mall?
Speak to our team — viewings in person or by video, usually within 48 hours.