Casa Margarita: restoration property in Santa Ana

Casa Margarita brings a rare combination of heritage character and development potential to Santa Ana. The property occupies a 390 m² site on Avenida A, between Calle 14 and Calle 15, and is offered as a building for restoration. Its stated development potential reaches up to 2,000 m², creating scope to plan a substantial project in one of Panama City’s historic districts. The opportunity is defined by the land and the building’s heritage value rather than by a specified residential layout: bedroom and bathroom counts, interior area, parking and finishes are not established. Category 4 and RMH2-C2 zoning are identified, with residential and commercial uses stated as permitted. Buyers can explore a restoration or redevelopment concept that respects the property’s history while making use of the stated potential. Santa Ana is experiencing revitalization, with new hotels, restaurants, plazas and residences. The South Gate entrance is described as bringing tourist flow into the neighborhood, while Casco Viejo—the Old Quarter—is closely tied to the area’s next chapter. At $1,379,999, Casa Margarita offers a distinctive site for a buyer considering a heritage-led residential or commercial project. Arrange a conversation to explore the property and verify its development parameters.