
Commercial Redevelopment Property in Santa Ana
A Santa Ana redevelopment opportunity with historic character
Santa Ana, Panamá
$390,000
USD$2,708 / m²
- 144 m²1,550 ft²
Overview
Set on Avenida B in the historic Santa Ana–Casco Viejo area, this 144 m² property offers a rare starting point for a custom project close to Plaza Santa Ana. Its RMH2-C1 zoning is described for commercial use, and the site’s Category 3 historic-preservation classification gives the redevelopment opportunity a distinctive heritage context. The property is offered at USD 390,000 and occupies a 144 m² lot. The existing two-level structure is described as having only its facade remaining, so a buyer can plan a substantial remodel and consider expanding the usable area. The property is presented as a possibility for either a small private residence or a commercial concept. The listing does not specify bedroom or bathroom counts, parking, interior finishes, or included appliances. Avenida B is described as a busy thoroughfare, and the property is near Plaza Santa Ana in an area associated with growing tourist activity and ongoing renewal. This location places a project in the historic center’s urban setting, with the character of Casco Viejo close by. Explore the site’s potential and arrange a conversation about your renovation or commercial plans.
In Short
This 144 m² Santa Ana property is offered at USD 390,000. The existing two-level structure is described as having only its facade remaining. RMH2-C1 zoning is described for commercial use, and remodeling and expansion are identified as potential project paths. Plaza Santa Ana is nearby.
Before You Decide
- The existing structure is described as facade-only, so buyers should assess reconstruction scope and costs.
- The RMH2-C1 zoning and historic-preservation classification make official use and design approvals important due-diligence items.
- The 144 m² land area and stated USD 390,000 price imply approximately USD 2,708.33 per m².
The surviving structure is described as consisting only of the facade; remodeling and expansion are contemplated.
Highlights
- 144 m² site offered for USD 390,000
- RMH2-C1 zoning described for commercial use
- Two-level structure with only the facade remaining
- Scope to remodel and expand the property
- Category 3 historic-preservation classification
- On Avenida B, a busy thoroughfare
- Near Plaza Santa Ana and the Casco Viejo area
- Presented as suitable for a small private home or commercial concept
At a Glance
- Status
- Available for sale
- Asking price
- USD 390,000
- Price per m²
- USD 2,708.33/m²
- Area
- 144 m²
- Lot area
- 144 m²
- Existing levels
- 2
- Property type
- Commercial redevelopment property
- Zoning
- RMH2-C1
- Neighborhood
- Santa Ana
- City
- Panama City
- Listing ID
- CNV-PROP-079683
Key Facts
- Category
- Commercial
- Unit type
- House Villa
- Listed
- 4 March 2025
- Last updated
- 8 October 2026
Gallery
6 photographs of this residence.
Explore House
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
- 144 m² · 1,550 ft²
Parking & Storage
- Covered
- No
Costs & Financing
Everything you would actually pay, not just the asking price.
Purchase Summary
- Asking price
- $390,000
- Price per m²
- $2,708 / m²
- Cash to close (est.)
- $117,000at 30% down
Mortgage Estimate
- Down payment
- 30% · $117,000
- Loan amount
- $273,000
- Rate (assumed)
- 6.25%
- Term
- 30 years
Estimated monthly payment
$1,681
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
Total, before mortgage:$0 / month
If you let it out
How It Compares
- Compare redevelopment sites by land area, permitted zoning, preservation constraints, and the scope of surviving structures.
- This property is offered at approximately USD 2,708.33 per m², calculated from USD 390,000 divided by 144 m².
Value Comparison
Asking price per m², against the building, the sector and the country.
Asking 51% below the Santa Ana average. Ask us why; sometimes there is a good reason and sometimes there is a reason.
Investment Case
A 144 m² site offered at USD 390,000, with RMH2-C1 zoning described for commercial use and potential for a remodeling and expansion project.
- —
- Gross yield
- —
- Net yield (est.)
- —
- 5-yr area growth
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- Days on market
Remodeling and expanding the property are identified as potential value-add paths.
Price History
- Listed · March 2025$390,000
How You Can Pay
This residence is not attached to a building page in our directory.
Living in Santa Ana
Santa Ana, Panamá
Casa Completa RMH2-C1
Santa Ana, Panamá
Positions are schematic, spaced by travel distance.
Get directionsSanta 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
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How large is the property?
What condition is the existing structure in?
What uses does the zoning allow?
Similar Properties
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