189 m² Apartment with Rooftop Terrace in Casco Viejo
Casco Viejo
- 2 Beds
- 2.5 Baths
- 189 m²
$570,000
$3,016 / m²
Historic Building with Rooftop in Casco Viejo
A Casco Viejo restoration opportunity with three existing apartments
Casco Viejo, Panamá
Active
$580,000
USD$3,105 / m²
- 186.8 m²Built area
- 46.7 m²Land
- 2Bed
- 3Bath
Overview
In the heart of Casco Viejo, this complete building brings together an existing three-apartment layout, rooftop space and a documented path toward remodeling. The property is offered for $580,000 and is identified as Category 3B, fourth-order historic heritage. Its Ministry of Culture certification and plans for a possible complete renovation, prepared by authorized architects, give buyers concrete starting points for evaluating a restoration project. The property measures 228.4 m² in total, on 46.7 m² of land. The stated construction area is 186.8 m², including the rooftop, across three levels plus the roof. Each of the three existing apartments has two bedrooms, one full bathroom, a kitchen area and a laundry area. The building is being offered for restoration or remodeling. Set near Plaza Herrera, hotels and restaurants, the property sits on a busy thoroughfare in one of Casco Viejo’s most attractive areas. The neighborhood is described as undergoing renewal and appreciation, and the building is positioned for consideration as a residential or commercial project. Explore the existing layout, review the architectural plans and discuss the next steps for this distinctive San Felipe opportunity.
In Short
The Casco Viejo property is a complete building offered for $580,000. It has three existing apartments, each described with two bedrooms, one full bathroom, a kitchen area and a laundry area. The building has three levels plus rooftop, 186.8 m² of construction including rooftop, 46.7 m² of land and a recorded total area of 228.4 m². It is near Plaza Herrera, hotels and restaurants.
Before You Decide
- The building is offered for restoration or remodeling.
- The property includes three existing apartments and rooftop space.
- Historic heritage classification and applicable approvals should be reviewed before planning changes.
- Parking, title details, building systems and operating rules are not provided.
For restoration or remodeling.
Highlights
- Asking price: $580,000
- 228.4 m² total area on 46.7 m² of land
- 186.8 m² of construction, including the rooftop
- Three existing apartments, each with two bedrooms and one full bathroom
- Three levels plus rooftop
- Category 3B, fourth-order historic heritage classification
- Ministry of Culture certification and plans for a possible complete remodeling
- Near Plaza Herrera, hotels and restaurants
At a Glance
- Status
- Available
- Asking price
- $580,000
- Price per total m²
- $2,539.40/m²
- Total area
- 228.4 m²
- Construction area
- 186.8 m², including rooftop
- Land area
- 46.7 m²
- Existing layout
- 3 apartments; 2 bedrooms and 1 full bathroom each
- Levels
- 3 plus rooftop
- Property type
- Historic building with residential apartments
- Neighborhood
- Casco Viejo
- Corregimiento
- San Felipe
- City
- Panama
- Listing ID
- CNV-PROP-079591
Key Facts
- Category
- Commercial
- Unit type
- Building Entire
- New or resale
- Resale
- Listed
- 11 July 2025
- Last updated
- 8 October 2026
Gallery
19 photographs of this residence.
What's Included
Everything that stays with the residence.
- Kitchen
- Laundry area
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
- Bedrooms
- 2
- Full baths
- 3
- Laundry room
- Yes
- Total
- 187 m² · 2,011 ft²
Parking & Storage
- Covered
- No
Interior
- Kitchen
- Laundry area
Outdoor
- Rooftop
Costs & Financing
Everything you would actually pay, not just the asking price.
Purchase Summary
- Asking price
- $580,000
- Price per m²
- $3,105 / m²
- Cash to close (est.)
- $174,000at 30% down
Mortgage Estimate
- Down payment
- 30% · $174,000
- Loan amount
- $406,000
- Rate (assumed)
- 6.25%
- Term
- 30 years
Estimated monthly payment
$2,500
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 $2,539.40 per m² when calculated using the recorded total area of 228.4 m².
- The stated construction area is 186.8 m², including rooftop, while the land area is 46.7 m².
Value Comparison
Asking price per m², against the building, the sector and the country.
Building$3,105 / m²
Casco Viejo average$4,075 / m²
Panama average$4,306 / m²
Asking 24% below the Casco Viejo average. Ask us why; sometimes there is a good reason and sometimes there is a reason.
Investment Case
A restoration and redevelopment opportunity in Casco Viejo, with three existing apartments, rooftop space and remodeling plans prepared by authorized architects. The property is close to Plaza Herrera, hotels and restaurants.
- —
- Gross yield
- —
- Net yield (est.)
- —
- 5-yr area growth
- —
- Days on market
Restoration or remodeling of the existing building; the description also identifies potential for residential or commercial projects.
Price History
- Listed · July 2025$580,000
How You Can Pay
This residence is not attached to a building page in our directory.
Living in Casco Viejo
San Felipe, Panamá
Historic building 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 building?
The asking price is $580,000 USD.
How much land and construction area does the property have?
The property has 46.7 m² of land and 186.8 m² of construction, including the rooftop. Its recorded total area is 228.4 m².
How many apartments are in the building?
The building currently has three apartments. Each is described with two bedrooms, one full bathroom, a kitchen area and a laundry area.
What heritage classification does the property have?
The property is identified as Category 3B, fourth-order historic heritage, and has certification issued by Panama's Ministry of Culture.
Are remodeling plans available?
Plans for a possible complete remodeling were prepared by authorized architects.
What is near the property?
The property is near Plaza Herrera, hotels and restaurants in Casco Viejo.
How many apartments are currently in the building?
The building currently has three apartments. Each is described with two bedrooms, one full bathroom, a kitchen area and a laundry area.
What is the land area?
The land area is 46.7 m².
Does the building have remodeling plans?
Plans for a possible complete remodeling were prepared by authorized architects.
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Interested in Historic Building with Rooftop in Casco Viejo?
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