Commercial building for sale in Santa Ana, Panama
A 14-apartment investment building in historic Santa Ana
Santa Ana, Panamá
Active
$679,000
USD$715 / m²
- 950 m²Built area
- 377 m²Land
Overview
This Santa Ana commercial building brings together rental income, a prominent position facing a busy road and a substantial development opportunity. The property contains 14 apartments and is associated with average annual rental income of approximately $50,000, offering an income-focused angle alongside its potential for future redevelopment. The building has 950 m² of construction area on a 377 m² lot. Its RM3-C2 zoning is identified for commercial use, and the property carries heritage categories 3 and 4. Stated development potential reaches up to 1,876 m², creating a compelling possibility for investors assessing a larger residential or commercial project within the applicable planning and heritage framework. Located in the Santa Ana area, the property faces a busy thoroughfare and sits in a district undergoing renewal and appreciation. The Instituto Nacional is directly across the street, while the historic Casco Viejo area is part of the surrounding urban setting. Explore the building’s income profile and development potential with your investment team, and arrange a closer review of its zoning and heritage parameters.
In Short
The Santa Ana commercial building is offered for $679,000. It contains 14 apartments, has 950 m² of construction area on a 377 m² lot, and is associated with approximately $50,000 in average annual rental income.
Before You Decide
- The reported average annual rental income is approximately $50,000; request current leases and a unit-by-unit rent roll.
- The 1,876 m² development potential and applicable heritage categories should be confirmed with the relevant authorities.
- The price per m² is approximately $714.74, calculated using the 950 m² construction area.
- Operating costs, property taxes, building condition and parking details are not provided.
Highlights
- 14 apartments in one commercial building
- 950 m² of construction area
- 377 m² lot
- Approximately $50,000 in average annual rental income
- Stated development potential of up to 1,876 m²
- RM3-C2 zoning identified for commercial use
- Heritage categories 3 and 4
- Directly across from the Instituto Nacional
At a Glance
- Status
- Available for sale
- Asking price
- $679,000
- Price per m²
- $714.74/m² of construction area
- Construction area
- 950 m²
- Lot area
- 377 m²
- Apartments
- 14
- Average annual rental income
- Approximately $50,000
- Stated development potential
- Up to 1,876 m²
- Zoning
- RM3-C2
- Location
- Santa Ana, Panama City
- Listing ID
- CNV-PROP-079672
Key Facts
- Category
- Commercial
- Property type
- Entire Building
- Unit type
- Building Entire
- New or resale
- Resale
- Listed
- 4 March 2025
- Last updated
- 4 March 2025
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
- 950 m² · 10,226 ft²
Parking & Storage
- Covered
- No
Costs & Financing
Everything you would actually pay, not just the asking price.
Purchase Summary
- Asking price
- $679,000
- Price per m²
- $715 / m²
- Cash to close (est.)
- $203,700at 30% down
Mortgage Estimate
- Down payment
- 30% · $203,700
- Loan amount
- $475,300
- Rate (assumed)
- 6.25%
- Term
- 30 years
Estimated monthly payment
$2,927
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 is approximately $714.74 per m² of construction area, based on $679,000 divided by 950 m².
- The building combines 14 apartments with RM3-C2 zoning and a 377 m² lot.
Value Comparison
Asking price per m², against the building, the sector and the country.
Building$715 / m²
Santa Ana average$5,485 / m²
Panama average$4,306 / m²
Asking 87% below the Santa Ana average. Ask us why; sometimes there is a good reason and sometimes there is a reason.
Investment Case
The property contains 14 apartments and is associated with average annual rental income of approximately $50,000. The reported gross yield is approximately 7.36% using the asking price. It also has stated development potential of up to 1,876 m², subject to confirmation of applicable approvals and heritage requirements.
- 7.4%
- Gross yield
- —
- Net yield (est.)
- —
- 5-yr area growth
- —
- Days on market
Potential development capacity is stated as up to 1,876 m²; confirm permitted build-out and heritage requirements.
Price History
- Listed · March 2025$679,000
How You Can Pay
This residence is not attached to a building page in our directory.
Living in Santa Ana
Santa Ana, Panamá
Edificio completo frente al Instituto Nacional (RM3-C2)
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
What is the asking price for the Santa Ana commercial building?
The asking price is $679,000 USD.
How large is the building and its lot?
The building has 950 m² of construction area on a 377 m² lot.
How many apartments does the building contain?
The building contains 14 apartments.
What zoning and heritage categories are associated with the property?
The property is identified with RM3-C2 zoning and heritage categories 3 and 4.
What development potential is indicated for the property?
The stated development potential is up to 1,876 m².
How much land and construction area does the property have?
It has a 377 m² lot and 950 m² of construction area.
How many apartments are in the building?
The building contains 14 apartments.
What annual rental income is associated with the property?
The property is associated with average annual rental income of approximately $50,000.
What zoning applies to the property?
The property is identified with RM3-C2 zoning for commercial use.
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Interested in Commercial building for sale in Santa Ana, Panama?
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