Two-Level Commercial Property in Casco Viejo
Casa Completa RMH1-C1Casco Viejo
- 392 m²
$479,000
$1,222 / m²
Commercial redevelopment site on Calle 13 Casco Viejo
A Casco Viejo site with room to reimagine
Casco Viejo, Panamá
Active
$469,000
USD
Overview
Set on 184 m² of land on Calle 13 in Casco Viejo, this property offers a redevelopment opportunity in a historic Panama City setting. The asking price is USD 469,000, or approximately USD 2,550.54 per m² of land. The existing two-level structure retains only its façade, making the site’s potential for a new project its defining feature. The property is identified with RMH2-C1 zoning for commercial use, and is presented as suitable for residential or commercial projects. Potential construction of up to 720 m² is stated. The property also carries historical-preservation category 3, referenced as UNESCO; preservation requirements are an important consideration when planning a renovation or expansion. Calle 13 is described as a broad, busy street in an area undergoing renewal and appreciation. A planned Puerta Sur route is expected to bring additional tourist traffic to the area. With a 184 m² site, a two-level façade structure and more than one stated project direction, this Casco Viejo property offers a distinctive opportunity to explore a tailored redevelopment. Contact Casanova Realty to discuss the property and arrange next steps.
In Short
The Casco Viejo property is offered for sale at USD 469,000. It has 184 m² of land, an existing two-level structure that retains only its façade, RMH2-C1 zoning and stated potential construction of up to 720 m². It is located on Calle 13 in an area described as undergoing renewal.
Before You Decide
- The existing structure is described as retaining only its façade, so the opportunity is oriented toward redevelopment rather than immediate use of a finished interior.
- The stated potential construction area is up to 720 m²; confirm the figure and applicable planning conditions before purchase.
- The source identifies historical-preservation category 3, making preservation requirements an important due-diligence item.
- Parking, utilities, title status and exact parcel boundaries are not provided.
The existing structure is described as retaining only its façade; the property is presented for remodeling and expansion.
Highlights
- 184 m² land area
- Asking price: USD 469,000
- Approximately USD 2,550.54 per m² of land
- Existing two-level structure retains only its façade
- Stated potential construction of up to 720 m²
- RMH2-C1 zoning identified for commercial use
- Historical-preservation category 3
- Calle 13 location in a renewal area near the planned Puerta Sur route
At a Glance
- Status
- Available
- Asking price
- USD 469,000
- Price per m² of land
- USD 2,550.54
- Land area
- 184 m²
- Property type
- Commercial redevelopment site
- Existing structure
- Two levels; façade remains
- Potential construction
- Up to 720 m² stated
- Zoning
- RMH2-C1
- Neighborhood
- Casco Viejo
- City
- Panama City
- Listing ID
- CNV-PROP-079675
Key Facts
- Category
- Commercial
- Unit type
- House Villa
- New or resale
- Resale
- Listed
- 4 March 2025
- Last updated
- 4 March 2025
Gallery
6 photographs of this residence.
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Features & Finishes
Parking & Storage
- Covered
- No
Costs & Financing
Everything you would actually pay, not just the asking price.
Purchase Summary
- Asking price
- $469,000
- 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
- The asking price equates to approximately USD 2,550.54 per m² of the stated 184 m² land area.
- The property combines a 184 m² land area with stated potential construction of up to 720 m².
Value Comparison
Asking price per m², against the building, the sector and the country.
Casco Viejo average$4,075 / m²
Panama average$4,306 / m²
Investment Case
The asking price is USD 469,000, or approximately USD 2,550.54 per m² of the 184 m² land area. The site is presented as an opportunity for redevelopment, with potential construction of up to 720 m².
- —
- Gross yield
- —
- Net yield (est.)
- —
- 5-yr area growth
- —
- Days on market
Redevelopment and potential expansion to the stated 720 m² construction potential.
Price History
- Listed · March 2025$469,000
How You Can Pay
This residence is not attached to a building page in our directory.
Living in Casco Viejo
San Felipe, Panamá
Commercial land for sale in Casco Viejo
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
San Felipe, 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 the Casco Viejo property?
The asking price is USD 469,000.
How large is the site?
The stated land area is 184 m².
What construction potential is stated?
The property information states potential construction of up to 720 m².
What zoning and preservation category are identified?
The property is identified as RMH2-C1 and historical-preservation category 3.
What is the condition of the existing structure?
The existing structure is described as retaining only its façade and having two levels.
Where is the property located?
The property is described as being on Calle 13 in Casco Viejo, Panama City.
What uses are identified for the site?
The source identifies RMH2-C1 zoning for commercial use and also presents residential or commercial projects as possible project directions. Confirm permitted uses with current official planning documents.
Is a construction-potential figure available?
Potential construction of up to 720 m² is stated; approval and buildability have not been independently confirmed.
What remains of the existing structure?
The existing two-level structure is described as retaining only its façade.
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Interested in Commercial redevelopment site on Calle 13?
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