Casa de los Arcos: a historic redevelopment opportunity
Casa de los ArcosCasco Viejo
- 1,876 m²
$3,379,000
$1,801 / m²
Three-Property Commercial Opportunity in Casco Viejo
Three Casco Viejo properties, one standout development opportunity
Casco Viejo, Panamá
Active
$3,379,000
USD
Overview
Set opposite the new Sofitel in Casco Viejo, this distinctive offering brings together three properties at Avenida A and Calle 2. The 365 m² site combines an established historic setting with a range of commercial and hospitality concepts to explore. Broad balconies and views of the Panama Canal and Bay add character to the existing property, which retains its façade and some internal structure. The site is stated as 365 m², with potential construction of up to 1,876 m². Its stated zoning is RMH2-C1, and the property is identified with Historic Heritage Categories 3 and 4. A master plan for a commercial plaza is reported as approved. The property is also presented as a candidate for a boutique hotel or short-term rental apartments, subject to the relevant requirements. Approximate current rental income is reported at $85,000 per year. Located in San Felipe, within a sector undergoing renewal, this is a compelling prospect for a buyer considering a landmark commercial project in Panama City. Contact Casanova Realty to discuss the opportunity and arrange a closer look.
Highlights
Key Facts
- Category
- Commercial
- Property type
- House
- Unit type
- House Villa
- Listed
- 5 March 2025
- Last updated
- 8 October 2026
Gallery
13 photographs of this residence.
Explore House
Take a closer look before you travel.
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Features & Finishes
Parking & Storage
- Covered
- No
Outdoor
- Balconies
Costs & Financing
Everything you would actually pay, not just the asking price.
Purchase Summary
- Asking price
- $3,379,000
- Cash to close (est.)
- $1,013,700at 30% down
Mortgage Estimate
- Down payment
- 30% · $1,013,700
- Loan amount
- $2,365,300
- Rate (assumed)
- 6.25%
- Term
- 30 years
Estimated monthly payment
$14,564
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
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 property is described as currently generating approximately $85,000 in annual rental income. Against the $3,379,000 asking price, that equates to an approximate gross yield of 2.52%, before expenses.
- 2.5%
- Gross yield
- —
- Net yield (est.)
- —
- 5-yr area growth
- —
- Days on market
The source describes potential for a boutique hotel, short-term rental apartments, or a commercial plaza; the master plan is reported as approved for a commercial plaza.
Price History
- Listed · March 2025$3,379,000
How You Can Pay
This residence is not attached to a building page in our directory.
Living in Casco Viejo
San Felipe, Panamá
Casa Completa RMH1-C1
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 and area?
The asking price is $3,379,000. The property area and land area are each stated as 365 m².
How many properties are included?
The property is described as a project comprising three properties.
Where is the property located?
It is in Casco Viejo, San Felipe, at Avenida A and Calle 2, opposite the new Sofitel.
What development plan and construction potential are stated?
A master plan for a commercial plaza is reported as approved, with potential construction of up to 1,876 m².
What annual rental income is reported?
Approximate current rental income is reported at $85,000 per year.
What zoning and heritage categories are stated?
The stated zoning is RMH2-C1, with Historic Heritage Categories 3 and 4.
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Interested in Three-Property Commercial Opportunity in Casco Viejo?
Speak to our team — viewings in person or by video, usually within 48 hours.