Two-Level Commercial Property in Casco Viejo

Set on a corner along Avenida A, this two-level property puts a substantial footprint in one of Casco Viejo’s busiest areas. The 124 m² lot supports 392 m² of construction, with stated potential to expand the development area to as much as 500 m². Its position in a historic district undergoing renewal makes this an opportunity to consider for a commercial or residential project. The existing structure is described as a house and spans two levels. The property is offered for renovation, giving a future owner scope to rework the space around a new use. No bedroom, bathroom, parking, or interior-layout count is specified. The stated construction-to-land proportions and expansion potential make the site’s existing footprint an important starting point for planning. Avenida A frontage brings the property onto a busy route, while Casco Viejo and Santa Ana place it within an established, recognizable part of Panama City. The area is described as being in a period of renewal and increasing value, and the property is positioned for commercial use or a private residential project. Offered at $479,000, this corner site invites buyers to explore its renovation and development possibilities. Contact Casanova Realty to arrange a viewing and discuss the property’s potential.