Two-Level Commercial Property in Casco Viejo
Casa Completa RMH1-C1Casco Viejo
- 387 m²
$769,000
$1,987 / m²
Two-Level Commercial Property in Casco Viejo
A historic Avenida A property ready for a new chapter
Casco Viejo, Panamá
Active
$690,000
USD$3,450 / m²
- 200 m²Built area
- 136 m²Land
Overview
Set on Avenida A in Casco Viejo, this historic property pairs a distinctive façade with a deep footprint and a visible position on a busy thoroughfare. Its location benefits from the new entrance to Casco Viejo and the steady movement through the area, creating an appealing setting for a commercial project or a private residence. The building offers 200 m² of construction across two levels and is offered for renovation, with potential to increase the built area. Its RMH2-C1 zoning is identified for commercial use. The property is also described as UNESCO preservation category 3, an important consideration when planning a restoration or redevelopment. Located in the Casco Viejo–Santa Ana area, the property sits in a district described as undergoing renewal and increasing in value. The Avenida A frontage, historic character and adaptable footprint make this a compelling opportunity for buyers considering a commercial venture or a small private home. Offered at $690,000; contact Casanova Realty to discuss the property and arrange a viewing.
In Short
The property is offered for sale at $690,000. It has 200 m² of construction across two levels, fronts Avenida A in Casco Viejo and is identified as RMH2-C1 for commercial use. Renovation and potential expansion are noted.
Before You Decide
- Plan for remodeling: the property is offered for renovation.
- Confirm heritage-related approvals before budgeting an expansion.
- Verify the lot area because two different figures are present in the property data.
- Confirm the exact address and permitted uses with the relevant authorities.
Property offered for remodeling; the source also notes potential to increase the built area.
Highlights
- 200 m² of construction
- Two-level historic structure
- RMH2-C1 zoning identified for commercial use
- Historic façade on Avenida A
- Position on a busy thoroughfare near the new Casco Viejo entrance
- Offered for renovation, with potential to increase built area
- UNESCO preservation category 3
- Asking price: $690,000
At a Glance
- Status
- Available
- Asking price
- $690,000
- Price per construction m²
- $3,450.00/m²
- Construction area
- 200 m²
- Levels
- 2
- Property type
- Commercial building
- Zoning
- RMH2-C1
- Neighborhood
- Casco Viejo
- City
- Panama City
- Listing ID
- CNV-PROP-079671
Key Facts
- Category
- Commercial
- Unit type
- Building Entire
- New or resale
- Resale
- Listed
- 4 March 2025
- Last updated
- 4 March 2025
Gallery
1 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
- 200 m² · 2,153 ft²
Parking & Storage
- Covered
- No
Costs & Financing
Everything you would actually pay, not just the asking price.
Purchase Summary
- Asking price
- $690,000
- Price per m²
- $3,450 / m²
- Cash to close (est.)
- $207,000at 30% down
Mortgage Estimate
- Down payment
- 30% · $207,000
- Loan amount
- $483,000
- Rate (assumed)
- 6.25%
- Term
- 30 years
Estimated monthly payment
$2,974
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 $3,450.00 per m² when calculated using the 200 m² construction area.
- The property combines a historic façade, two levels and stated commercial zoning on Avenida A.
Value Comparison
Asking price per m², against the building, the sector and the country.
Building$3,450 / m²
Casco Viejo average$4,075 / m²
Panama average$4,306 / m²
Asking 15% below the Casco Viejo average. Ask us why; sometimes there is a good reason and sometimes there is a reason.
Investment Case
A 200 m², two-level property on Avenida A with stated RMH2-C1 commercial zoning, a historic façade and renovation potential. The sale price is $690,000.
- —
- Gross yield
- —
- Net yield (est.)
- —
- 5-yr area growth
- —
- Days on market
Renovation and potential to increase built area are identified; feasibility and costs require assessment.
Price History
- Listed · March 2025$690,000
How You Can Pay
This residence is not attached to a building page in our directory.
Living in Casco Viejo
Santa Ana, Panamá
Casa Completa RMH2-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
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
How much construction area does the property have?
The property has 200 m² of construction area.
How many levels does the property have?
The property has two levels.
What zoning is identified for the property?
The identified zoning is RMH2-C1, described for commercial use.
Does the property need renovation?
The property is offered for remodeling, with potential to increase its built area.
What is the asking price?
The asking price is $690,000.
How many levels does the building have?
The building has two levels.
What zoning is identified?
The stated zoning is RMH2-C1 for commercial use.
Similar Properties
Same market, comparable size and price.
Two-Level Commercial Property in Casco Viejo
Casa Completa RMH1-C1Casco Viejo
- 392 m²
$479,000
$1,222 / m²
Interested in Two-Level Commercial Property in Casco Viejo?
Speak to our team — viewings in person or by video, usually within 48 hours.