Two-Level Commercial Building in Casco Viejo
A historic Casco Viejo address with room to reimagine
Casco Viejo, Panamá
Active
$998,000
USD$3,219 / m²
- 310 m²Built area
- 155 m²Land
Overview
Set on Avenida B, directly facing a plaza in Casco Viejo, this two-level building combines a central historic-district location with substantial redevelopment potential. The property offers 310 m² of construction on a 155 m² lot, with RMH2-C2 zoning for commercial use and stated potential to expand to as much as 700 m². The existing structure is described as a house-style building with two levels and a need for remodeling. Its Category 3 historic-preservation context is an important part of planning a future project. The scale and zoning create scope to consider a renewed commercial or residential concept, subject to the relevant requirements. A busy avenue, a plaza directly across, nearby hotels, and Casco Viejo’s bars, nightclubs, and restaurants place the property amid an active urban setting. Approximate annual rental income of $50,000 is indicated, and the stated rental figure implies an estimated gross yield of about 5.01% against the asking price. Explore the property’s potential and arrange a viewing to assess its fit for your plans.
In Short
This commercial property in Casco Viejo is offered for $998,000. It has 310 m² of construction on a 155 m² lot, two levels, RMH2-C2 commercial zoning, and stated potential to expand up to 700 m². Approximate annual rental income of $50,000 is indicated.
Before You Decide
- The property combines an existing two-level structure with 310 m² of construction and a 155 m² lot.
- RMH2-C2 zoning and stated expansion potential are central to evaluating a redevelopment concept.
- The property is described as needing remodeling and as having Category 3 historic-preservation context.
- Current tenancy, lease terms, and the approximate $50,000 annual rental income should be confirmed.
The property is described as requiring remodeling and having potential for expansion.
Highlights
- 310 m² of construction on a 155 m² lot
- Two-level existing building with remodeling potential
- RMH2-C2 zoning for commercial use
- Stated expansion potential of up to 700 m²
- Faces a plaza on Avenida B
- Hotels, bars, nightclubs, and restaurants nearby
- Approximate annual rental income indicated at $50,000
At a Glance
- Status
- For sale
- Asking price
- $998,000
- Price per m²
- $3,219.35/m² of construction
- Construction area
- 310 m²
- Lot area
- 155 m²
- Building levels
- 2
- Zoning
- RMH2-C2
- Expansion potential
- Up to 700 m²
- Approximate annual rental income
- $50,000
- Property type
- Commercial building
- Building
- Historic commercial building on Avenida B
- Neighborhood
- Casco Viejo
- City
- Panama City
- Listing ID
- CNV-PROP-079667
Key Facts
- Category
- Commercial
- Unit type
- Building Entire
- New or resale
- Resale
- Listed
- 4 March 2025
- Last updated
- 8 October 2026
Gallery
9 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
- 310 m² · 3,337 ft²
Parking & Storage
- Covered
- No
Lifestyle
- Walkable
- Nightlife Nearby
Costs & Financing
Everything you would actually pay, not just the asking price.
Purchase Summary
- Asking price
- $998,000
- Price per m²
- $3,219 / m²
- Cash to close (est.)
- $299,400at 30% down
Mortgage Estimate
- Down payment
- 30% · $299,400
- Loan amount
- $698,600
- Rate (assumed)
- 6.25%
- Term
- 30 years
Estimated monthly payment
$4,301
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
- Compare commercial properties by construction area, lot area, zoning, heritage restrictions, and verified expansion capacity.
- For income comparisons, verify lease documents and operating expenses before comparing gross yields.
Value Comparison
Asking price per m², against the building, the sector and the country.
Building$3,219 / m²
Casco Viejo average$4,075 / m²
Panama average$4,306 / m²
Asking 21% below the Casco Viejo average. Ask us why; sometimes there is a good reason and sometimes there is a reason.
Investment Case
The asking price is $998,000, or approximately $3,219.35 per m² of the 310 m² construction area. Approximate annual rental income of $50,000 is indicated, equivalent to a gross yield of about 5.01% against the asking price. The yield is an estimate based on those figures and does not account for expenses.
- 5%
- Gross yield
- —
- Net yield (est.)
- —
- 5-yr area growth
- —
- Days on market
Price History
- Listed · March 2025$998,000
How You Can Pay
This residence is not attached to a building page in our directory.
Living in Casco Viejo
San Felipe, Panamá
Historic commercial building on Avenida B, RMH2-C2
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?
The asking price is $998,000 USD.
How large is the property?
The property has 310 m² of construction on a 155 m² lot.
What zoning and expansion potential are stated?
The zoning is RMH2-C2, and the stated development potential is up to 700 m².
What is the indicated annual rental income?
Approximate annual rental income of $50,000 is indicated.
How much construction area and land area does the property have?
It has 310 m² of construction on a 155 m² lot.
What zoning applies to the property?
The stated zoning is RMH2-C2 for commercial use.
What is the annual rental income?
Approximate annual rental income of $50,000 is indicated.
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Interested in Two-Level Commercial Building in Casco Viejo?
Speak to our team — viewings in person or by video, usually within 48 hours.