Casa Melissa: 203 m² commercial opportunity Santa Ana
A 203 m² commercial opportunity with room to develop
Santa Ana, Panamá
Active
$469,000
USD$2,310 / m²
- 203 m²Built area
- 203 m²Land
Overview
Casa Melissa brings a distinctive development opportunity to Panama City's historic-quarter corridor. The 203 m² property is offered for $469,000 and is presented with potential for up to 500 m² of development. Its position between Casa Rubén Blades and Casa Afro places it among recognizable neighborhood landmarks, on a street noted for high traffic and visibility. The property is part of an entire block with potential for a major commercial or residential project. That scale and setting make Casa Melissa a compelling option for buyers evaluating a larger intervention in the area. The surrounding Old Quarter is expanding into Santa Ana, with new hotels, restaurants, plazas and residential projects adding activity across the neighborhood. Public and private investment are contributing to this urban momentum, while the South Gate entrance connects tourist traffic directly to the area. Casa Melissa offers a chance to explore a commercial or residential development concept in a changing city district. Contact Casanova Realty to discuss the property and request further details on its development parameters.
In Short
Casa Melissa is a commercial property offered for $469,000. Its total property area is 203 m², with potential for up to 500 m² of development. The property is described as part of a block with major commercial or residential project potential.
Before You Decide
- Compare the $469,000 asking price with the property's 203 m² total area and the implied $2,310.34 per m².
- Verify the stated potential for up to 500 m² against zoning, approvals and site plans.
- Confirm the exact parcel included in the sale and its relationship to the larger block.
Highlights
- 203 m² of total property area
- Asking price of $469,000
- Potential for up to 500 m² of development
- Part of an entire block with major-project potential
- Commercial or residential project potential
- Between Casa Rubén Blades and Casa Afro
- High-traffic street with strong visibility
- Near the South Gate entrance and the expanding Old Quarter corridor
At a Glance
- Status
- Available
- Asking price
- $469,000
- Price per m²
- $2,310.34/m²
- Property area
- 203 m²
- Development potential
- Up to 500 m²
- Property type
- Commercial building
- Building
- Casa Melissa
- City
- Panama City
- Listing ID
- CNV-PROP-011831
Key Facts
- Category
- Commercial
- Unit type
- Building Entire
- Listed
- 3 October 2026
- Last updated
- 3 October 2026
Gallery
6 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
- 203 m² · 2,185 ft²
Parking & Storage
- Covered
- No
Costs & Financing
Everything you would actually pay, not just the asking price.
Purchase Summary
- Asking price
- $469,000
- Price per m²
- $2,310 / m²
- Cash to close (est.)
- $140,700at 30% down
Mortgage Estimate
- Down payment
- 30% · $140,700
- Loan amount
- $328,300
- Rate (assumed)
- 6.25%
- Term
- 30 years
Estimated monthly payment
$2,021
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
- Asking price: $469,000.
- Total property area: 203 m².
- Calculated asking price per m²: $2,310.34.
- Potential development area stated: up to 500 m².
Value Comparison
Asking price per m², against the building, the sector and the country.
Building$2,310 / m²
Santa Ana average$5,485 / m²
Panama average$4,306 / m²
Asking 58% below the Santa Ana average. Ask us why; sometimes there is a good reason and sometimes there is a reason.
Investment Case
The $469,000 asking price equates to approximately $2,310.34 per m², calculated against the stated 203 m² total property area. The property is also presented with potential for up to 500 m² of development.
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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 presented as an opportunity for a major commercial or residential project, with potential for up to 500 m² of development.
Price History
- Listed · October 2026$469,000
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
What is the asking price for Casa Melissa?
Casa Melissa is offered for $469,000.
How large is the property?
The property area is 203 m².
What development potential is described?
The property is presented with potential for up to 500 m² of development.
Which landmarks are near Casa Melissa?
Casa Melissa is positioned between Casa Rubén Blades and Casa Afro.
Similar Properties
Same market, comparable size and price.
Interested in Casa Melissa: 203 m² commercial opportunity?
Speak to our team — viewings in person or by video, usually within 48 hours.