Casa del Baile: commercial building for sale in Casco Viejo
Casa del BaileCasco Viejo
- 680 m²
$1,890,000
$2,779 / m²
Commercial redevelopment site facing Plaza Santa Ana Casco Viejo
A Casco Viejo redevelopment opportunity facing Plaza Santa Ana
Casco Viejo, Panamá
Active
$1,890,000
USD$2,743 / m²
- 689 m²7,416 ft²
Overview
Set directly across from Plaza Santa Ana on Calle 14, this 689 m² Casco Viejo property offers a prominent position on a busy street. Its defining feature is an existing two-level structure that retains only its façade, making the property a redevelopment prospect rather than a turnkey commercial space. The site occupies 689 m² of land. Described development potential reaches up to 2,200 m², creating room to explore a larger project. The property is presented for remodeling and expansion, with commercial and residential project concepts identified as potential uses. The property carries historic-preservation category 3 and sits in a sector described as undergoing renewal and appreciation. Its location facing Plaza Santa Ana places it within the historic Casco Viejo area and directly beside a busy thoroughfare. Contact Casanova Realty to discuss the property and arrange a closer review of its development potential.
In Short
This Casco Viejo property is offered for sale at $1,890,000. It has 689 m² of land, faces Plaza Santa Ana, and has a two-level structure with only the façade remaining. Described development potential is up to 2,200 m².
Before You Decide
- The property faces Plaza Santa Ana on busy Calle 14.
- The existing structure retains only its façade, so the offering is a redevelopment prospect rather than a turnkey building.
- The 2,200 m² development-potential figure and applicable zoning require documentary confirmation.
- Historic-preservation category 3 may affect design and approvals; confirm the applicable requirements.
The existing structure retains only its façade; the property is presented for remodeling and expansion.
Highlights
- 689 m² of land in Casco Viejo
- Directly facing Plaza Santa Ana on Calle 14
- Existing two-level structure; façade remains
- Described development potential of up to 2,200 m²
- Presented for remodeling and expansion
- Commercial and residential project potential
- Historic-preservation category 3
- Located on a busy street in a sector undergoing renewal
At a Glance
- Status
- Available
- Asking price
- $1,890,000
- Price per m²
- $2,743.11/m²
- Land area
- 689 m²
- Development potential
- Up to 2,200 m²
- Existing structure
- Two levels; façade remains
- Property type
- Commercial land / redevelopment site
- Building designation
- Casa Completa RMH2-C1
- Neighborhood
- Casco Viejo
- City
- Panama City
- Listing ID
- CNV-PROP-079660
Key Facts
- Category
- Commercial
- Unit type
- House Villa
- Listed
- 5 March 2025
- Last updated
- 5 March 2025
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
- 689 m² · 7,416 ft²
Parking & Storage
- Covered
- No
Costs & Financing
Everything you would actually pay, not just the asking price.
Purchase Summary
- Asking price
- $1,890,000
- Price per m²
- $2,743 / m²
- Cash to close (est.)
- $567,000at 30% down
Mortgage Estimate
- Down payment
- 30% · $567,000
- Loan amount
- $1,323,000
- Rate (assumed)
- 6.25%
- Term
- 30 years
Estimated monthly payment
$8,146
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
- Asking price: $1,890,000; stated land area: 689 m²; calculated price: $2,743.11 per m² of land.
- Described development potential: up to 2,200 m²; this is not presented as existing construction area.
Value Comparison
Asking price per m², against the building, the sector and the country.
House$2,743 / m²
Casco Viejo average$4,075 / m²
Panama average$4,306 / m²
Asking 33% below the Casco Viejo average. Ask us why; sometimes there is a good reason and sometimes there is a reason.
Investment Case
A 689 m² site facing Plaza Santa Ana, with a remaining façade, a two-level structure, and source-described development potential of up to 2,200 m². The site is positioned for a commercial or residential redevelopment concept; verify zoning and heritage requirements before proceeding.
- —
- Gross yield
- —
- Net yield (est.)
- —
- 5-yr area growth
- —
- Days on market
The property is presented as suitable for remodeling and expansion, with source-described development potential of up to 2,200 m².
Price History
- Listed · March 2025$1,890,000
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
What is the asking price?
The asking price is $1,890,000.
How large is the property?
The property has 689 m² of land.
What development potential is described?
The described development potential is up to 2,200 m².
What is the existing structure like?
The structure has two levels and retains only its façade.
Similar Properties
Same market, comparable size and price.
Commercial Building for Sale in Casco Viejo
Casa Completa RMH2-C1Casco Viejo
- 656 m²
$1,790,000
$2,729 / m²
Historic Building Opportunity in Casco Viejo–Santa Ana
Edificio Completo RMH2-C2Casco Viejo
- 780 m²
$1,590,000
$2,038 / m²
Casa Regina: a restored commercial building in Casco Viejo
Casa ReginaCasco Viejo
- 314 m²
$1,500,000
$3,606 / m²
Interested in Commercial redevelopment site facing Plaza Santa Ana?
Speak to our team — viewings in person or by video, usually within 48 hours.