Three-Level Commercial Building in Calidonia
A substantial, occupied commercial asset on Avenida Central
Calidonia, Panamá
Active
$4,995,000
USD$776 / m²Negotiable
- 6,436.36 m²Built area
- 2,191.69 m²Land
Overview
Set on Avenida Central at Calle 34 Este, this three-level commercial building brings together a substantial 6,436.36 m² of construction area and a 2,191.69 m² site in the active commercial district of Calidonia. Built in 1948 and constructed primarily of masonry, it offers a versatile footprint for investors or businesses seeking a centrally positioned property. The asking price is $4,995,000 and is negotiable. The ground floor contains one principal commercial premises, occupied by COREMUSA, plus eight additional commercial premises; all nine are occupied. The mezzanine and first upper floor accommodate furniture exhibition areas and administrative offices, while the second upper floor provides additional administrative office space. This arrangement combines retail and exhibition use with room for administrative operations. The building has 16 sanitary facilities. The described ground-floor allocation includes three in the principal premises and one in each of the eight additional premises. At Avenida Central and Calle 34 Este, the property sits in a high-activity commercial setting with strong connectivity within Panama City. Explore the potential of this established Calidonia property and contact Casanova Realty to arrange a conversation about the opportunity.
In Short
The Calidonia commercial building has three floors, one principal ground-floor premises and eight additional commercial premises. All nine ground-floor premises are described as occupied. The upper levels include furniture exhibition areas and administrative offices. The building has 16 reported sanitary facilities.
Before You Decide
- The asking price is negotiable; confirm terms directly with the seller's representative.
- The stated construction area is 6,436.36 m², separate from the 2,191.69 m² land area.
- The nine ground-floor premises are described as occupied; obtain lease, rent and tenant information during due diligence.
- Parking, building systems, zoning, operating expenses and current building condition should be confirmed before purchase.
Highlights
- Negotiable asking price of $4,995,000
- 6,436.36 m² of stated construction area
- 2,191.69 m² of land
- Three floors, including mezzanine and upper-level spaces
- One principal ground-floor premises plus eight additional commercial premises
- All nine ground-floor premises are occupied; COREMUSA occupies the principal premises
- Furniture exhibition areas and administrative offices across upper levels
- 16 sanitary facilities reported
At a Glance
- Status
- Available
- Asking price
- $4,995,000 (negotiable)
- Price per construction m²
- $776.06/m²
- Property type
- Commercial building
- Construction area
- 6,436.36 m²
- Land area
- 2,191.69 m²
- Floors
- 3
- Ground-floor commercial premises
- 9; all occupied
- Sanitary facilities
- 16
- Year built
- 1948
- Building identifier
- Avenida Central–Calle 34 Este Commercial Building
- Neighborhood
- Calidonia
- City
- Panamá
- Listing ID
- CNV-PROP-003379
Key Facts
- Category
- Commercial
- Unit type
- Building Entire
- New or resale
- Resale
- Listed
- 30 May 2026
- Last updated
- 4 October 2026
Gallery
13 photographs of this residence.
Explore Building
Take a closer look before you travel.
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Features & Finishes
Layout
- Total
- 6,436 m² · 69,280 ft²
Parking & Storage
- Covered
- No
Costs & Financing
Everything you would actually pay, not just the asking price.
Purchase Summary
- Asking price
- $4,995,000
- Price per m²
- $776 / m²
- Cash to close (est.)
- $1,498,500at 30% down
Mortgage Estimate
- Down payment
- 30% · $1,498,500
- Loan amount
- $3,496,500
- Rate (assumed)
- 6.25%
- Term
- 30 years
Estimated monthly payment
$21,529
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
HOA$0
Property tax$0
Insurance$0
Total, before mortgage:$0 / month
If you let it out
How It Compares
- The asking price is approximately $776.06 per m² of stated construction area, calculated as $4,995,000 divided by 6,436.36 m².
- The property combines ground-floor commercial premises with upper-level furniture exhibition areas and administrative offices.
Value Comparison
Asking price per m², against the building, the sector and the country.
Building$776 / m²
Calidonia average$1,840 / m²
Panama average$4,306 / m²
Asking 58% below the Calidonia average. Ask us why; sometimes there is a good reason and sometimes there is a reason.
Investment Case
At $4,995,000, the asking price equates to approximately $776.06 per m² of stated construction area. The property also includes 2,191.69 m² of land; rental income, operating expenses and yield figures have not been established.
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- Gross yield
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- Net yield (est.)
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- 5-yr area growth
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- Days on market
Price History
- Listed · May 2026$4,995,000
How You Can Pay
This residence is not attached to a building page in our directory.
Living in Calidonia
Calidonia, Panamá
Avenida Central–Calle 34 Este Commercial Building
Calidonia, Panamá
Positions are schematic, spaced by travel distance.
Get directionsCalidonia on Casanova today
- Active sale listings
- 50
- Active rentals
- 0
- Median asking price per m²
- $1,316
Getting Around
Calidonia, 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 Calidonia commercial building?
The asking price is $4,995,000, and the price is negotiable.
How large is the building and its lot?
The stated construction area is 6,436.36 m², and the land area is 2,191.69 m².
How many floors does the building have?
The commercial building has three floors, including a mezzanine and upper-level office and exhibition areas.
How many commercial premises are on the ground floor?
The ground floor has one principal premises and eight additional commercial premises. All nine are described as occupied; COREMUSA occupies the principal premises.
How many sanitary facilities does the building have?
The building is reported to have 16 sanitary facilities.
What are the construction and land areas?
The stated construction area is 6,436.36 m², and the land area is 2,191.69 m².
How many levels does the property have?
The commercial building has three floors, with a mezzanine and upper-level areas for furniture exhibition and administrative offices.
Are the commercial premises occupied?
All nine ground-floor premises are described as occupied. COREMUSA occupies the principal premises.
How many sanitary facilities are reported?
The building is reported to have 16 sanitary facilities.
Similar Properties
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Interested in Three-Level Commercial Building in Calidonia?
Speak to our team — viewings in person or by video, usually within 48 hours.