Teatro Amador: Historic Building for Sale in Casco Viejo
Teatro AmadorCasco Viejo
- 2 Baths
- 1,034 m²
$4,000,000
$3,868 / m²
Commercial Property Facing Plaza Arango in Casco Viejo
A 16-metre-tall commercial landmark facing Plaza Arango
Casco Viejo, Panamá
Active
$3,789,000
USD$10,826 / m²
- 350 m²Built area
- 350 m²Land
Overview
Set directly across from Plaza Arango on Avenida B, this Casco Viejo property stands out for its 16-metre height, several entrances and striking scale. Its location among the area’s bars and restaurants, together with a busy-road frontage, gives the existing house structure a distinctive profile for a commercial concept. The property offers 350 m² of construction on a 350 m² lot. It is presented for remodeling and expansion, with RMH2-C2 zoning stated for commercial use. development potential of up to 1,395 m²; any expansion would need to be assessed against applicable planning and heritage requirements. No bedroom, bathroom, parking or interior-layout details are specified. The property is identified with heritage preservation category 3 and sits in Casco Viejo, an established historic setting undergoing renewal and appreciation. Plaza Arango is directly across the way, while bars and restaurants surround the site. Explore the opportunity to reposition or adapt this substantial property for a distinctive commercial use. Contact Casanova Realty to discuss the property and arrange a closer review of its development potential.
In Short
The property is offered for sale at $3,789,000 USD. It has 350 m² of construction and 350 m² of land, several entrances, 16 m height, RMH2-C2 zoning stated for commercial use, and stated development potential of up to 1,395 m². It faces Plaza Arango in Casco Viejo, near bars and restaurants.
Before You Decide
- The 350 m² lot and 350 m² construction area provide a substantial existing footprint for a commercial project.
- RMH2-C2 zoning is stated for commercial use; confirm the specific use and project requirements with the relevant authorities.
- The stated 1,395 m² development potential should be verified against planning and heritage requirements.
- Parking, title details, current occupancy and renovation scope are not established.
Property offered for remodeling and expansion.
Highlights
- 350 m² of construction on a 350 m² lot
- Directly facing Plaza Arango on Avenida B
- 16 m structure height
- Several entrances
- RMH2-C2 zoning stated for commercial use
- Heritage preservation category 3
- Stated development potential of up to 1,395 m²
- Surrounded by bars and restaurants in Casco Viejo
At a Glance
- Status
- Available
- Asking price
- $3,789,000 USD
- Price per listed area
- $10,825.71/m²
- Construction area
- 350 m²
- Land area
- 350 m²
- Structure height
- 16 m
- Property type
- Commercial building
- Building
- Casa completa facing Plaza Arango
- Neighborhood
- Casco Viejo
- City
- Panama City
- Listing ID
- CNV-PROP-079652
Key Facts
- Category
- Commercial
- Unit type
- Building Entire
- Ceiling height
- 16 m
- Listed
- 5 March 2025
- Last updated
- 8 October 2026
Gallery
16 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
- 350 m² · 3,767 ft²
Parking & Storage
- Covered
- No
Costs & Financing
Everything you would actually pay, not just the asking price.
Purchase Summary
- Asking price
- $3,789,000
- Price per m²
- $10,826 / m²
- Cash to close (est.)
- $1,136,700at 30% down
Mortgage Estimate
- Down payment
- 30% · $1,136,700
- Loan amount
- $2,652,300
- Rate (assumed)
- 6.25%
- Term
- 30 years
Estimated monthly payment
$16,331
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
- This property combines 350 m² of construction and 350 m² of land with a stated 16 m structure height.
- The property faces Plaza Arango and is described with RMH2-C2 commercial zoning.
- development potential up to 1,395 m², but does not establish approval status.
Value Comparison
Asking price per m², against the building, the sector and the country.
Building$10,826 / m²
Casco Viejo average$4,075 / m²
Panama average$4,306 / m²
Asking 166% above the Casco Viejo average — worth understanding what justifies it before you offer.
Investment Case
A commercial property in Casco Viejo with 350 m² of land and 350 m² of construction, a 16 m height, RMH2-C2 zoning and stated development potential of up to 1,395 m². Verify planning and heritage requirements before relying on the expansion potential.
- —
- Gross yield
- —
- Net yield (est.)
- —
- 5-yr area growth
- —
- Days on market
Remodeling and potential expansion; the source describes development potential of up to 1,395 m².
Price History
- Listed · March 2025$3,789,000
How You Can Pay
This residence is not attached to a building page in our directory.
Living in Casco Viejo
Santa Ana, Panamá
Casa completa frente a Plaza Arango (RMH2-C2)
Casco Viejo, Panamá
Positions are schematic, spaced by travel distance.
Get directionsCasco Viejo on Casanova today
- Active sale listings
- 98
- Active rentals
- 0
- Median asking price per m²
- $4,084
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
What is the asking price?
The asking price is $3,789,000 USD.
How large is the property?
The property has 350 m² of land and 350 m² of construction.
Where is the property located?
The property is on Avenida B in Casco Viejo, facing Plaza Arango, in Panama City.
What zoning and heritage category are stated?
The property is described with RMH2-C2 zoning for commercial use and heritage preservation category 3.
How tall is the structure?
The structure is described as 16 m tall.
Is the stated development potential approved?
The property is described with potential for up to 1,395 m² of development; approval status is not established.
How much land and construction area does it have?
It has 350 m² of land and 350 m² of construction.
What zoning is stated for the property?
The stated zoning is RMH2-C2, described as allowing commercial use.
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Interested in Commercial Property Facing Plaza Arango in Casco Viejo?
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