
Casa Ardila Commercial Building in Santa Ana
A historic commercial landmark with room to grow
Santa Ana, Panamá
$2,790,000
USD$3,100 / m²
- 900 m²Built area
- 300 m²Land
Overview
Casa Ardila puts a substantial commercial property in the heart of Plaza Santa Ana, where the next chapter of Casco Viejo is taking shape. The historic building brings together 300 m² of land and 900 m² of construction, with potential to expand to 1,420 m². Several commercial spaces and a high-traffic setting create a distinctive opportunity in one of Panama City's most storied urban areas. The property is designated as a Category 3 or 4 historical landmark and sits within a commercial scene known for bars and nightclubs. The existing building area and stated expansion potential offer room to consider how the property could serve future commercial plans; specific permitted uses and renovation conditions should be confirmed as part of due diligence. Santa Ana is experiencing visible revitalization, with new hotels, restaurants, plazas and residences adding to the neighborhood's activity. The South Gate entrance connects tourist flows with the area, while Plaza Santa Ana anchors the immediate setting. For investors or commercial operators seeking a high-profile historic-center location, Casa Ardila offers a rare scale of land and construction. Contact Casanova Realty to discuss the property and arrange next steps.
In Short
Casa Ardila is offered for sale at $2,790,000 USD. The commercial building has 300 m² of land and 900 m² of construction, with potential expansion to 1,420 m². It is described as being in Plaza Santa Ana, near Casco Viejo's bars and nightclubs.
Before You Decide
- The 300 m² land area and 900 m² construction area are separately stated.
- The property has stated expansion potential to 1,420 m².
- The property is described as having several commercial spaces in a high-traffic area.
- The exact historic designation category and applicable expansion conditions need confirmation.
- Parking, building systems, operating costs and legal-title details are not provided.
Highlights
- 300 m² of land in Plaza Santa Ana
- 900 m² of existing construction
- Potential expansion to 1,420 m²
- Several commercial spaces within the building
- High-traffic location in Santa Ana
- Historic landmark designation
- Near the bars and nightclubs of Casco Viejo
- Located in an area experiencing urban revitalization
At a Glance
- Status
- Available
- Asking price
- $2,790,000
- Price per land m2
- $9,300.00
- Price per construction m2
- $3,100.00
- Land area
- 300 m²
- Construction area
- 900 m²
- Potential expansion
- Up to 1,420 m²
- Property type
- Commercial building
- Building
- Casa Ardila
- Neighborhood
- Santa Ana
- City
- Panama City
- Listing ID
- CNV-PROP-011116
Key Facts
- Category
- Commercial
- Unit type
- Building Entire
- Listed
- 3 October 2026
- Last updated
- 3 October 2026
Gallery
4 photographs of this residence.
Explore Building
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
- Total
- 900 m² · 9,688 ft²
Parking & Storage
- Covered
- No
Costs & Financing
Everything you would actually pay, not just the asking price.
Purchase Summary
- Asking price
- $2,790,000
- Price per m²
- $3,100 / m²
- Cash to close (est.)
- $837,000at 30% down
Mortgage Estimate
- Down payment
- 30% · $837,000
- Loan amount
- $1,953,000
- Rate (assumed)
- 6.25%
- Term
- 30 years
Estimated monthly payment
$12,025
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
Total, before mortgage:$0 / month
If you let it out
How It Compares
- Land-area price basis: $9,300.00 per m², calculated from the $2,790,000 asking price and 300 m² of land.
- Construction-area price basis: $3,100.00 per m², calculated from the $2,790,000 asking price and 900 m² of construction.
Value Comparison
Asking price per m², against the building, the sector and the country.
Asking 43% below the Santa Ana average. Ask us why; sometimes there is a good reason and sometimes there is a reason.
Investment Case
Casa Ardila combines a 300 m2 land parcel with 900 m2 of construction and potential expansion to 1,420 m2. Its multiple commercial spaces and Plaza Santa Ana setting make it a distinctive commercial property in Panama City's historic center.
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- Gross yield
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- Net yield (est.)
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- 5-yr area growth
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- Days on market
The property is described as having potential to expand to 1,420 m2.
Price History
- Listed · October 2026$2,790,000
How You Can Pay
This residence is not attached to a building page in our directory.
Living in Santa Ana
Santa Ana, Panamá
Santa Ana on Casanova today
- Active sale listings
- 92
- Active rentals
- 0
- Median asking price per m²
- $2,092
Getting Around
Santa Ana, 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
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Interested in Casa Ardila Commercial Building in Santa Ana?
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