
Restored 11-Apartment Building in Casco Viejo
Majestic Restored BuildingCasco Viejo
- 1,029 m²
$4,500,000
$4,373 / m²
A distinctive mixed-use investment in Casco Viejo
Casco Viejo, Panamá
$6,100,000
USD$3,389 / m²
In Casco Viejo, this renovated commercial building brings together operating retail, office use and a compelling residential-conversion concept. Offered at $6,100,000, it is suited to investors and developers seeking a substantial mixed-use asset in Panama City’s historic quarter. The property occupies a 760 m² lot and is configured as a modern office building with commercial spaces on the ground floor. It includes 31 parking spaces, with 103 m² designated for parking. The stated program also includes 1,046 m² of retail area and 651 m² of office area. Fonda Lo Que Hay and Felipe Motta are named among the commercial occupants. Private rooftop terraces offer privileged views, adding an outdoor dimension to the building’s office and retail uses. The property is described as readily adaptable to a concept for 18 apartments intended for short-term rentals, presenting a potential change of use alongside its existing commercial configuration. Set in San Felipe, Casco Viejo places this opportunity within one of Panama City’s best-known historic neighborhoods. Consider the existing mix of commercial uses, named occupants, parking capacity and residential-conversion concept as you evaluate its potential. Contact Casanova Realty to arrange a conversation about the property.
In Short
This Casco Viejo commercial building is offered for $6.1 million and includes 31 parking spaces, office and ground-floor retail areas, private rooftop terraces, and a proposed concept for 18 apartments.
Renovated for use as a modern office building with ground-floor commercial spaces.
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Estimated monthly payment
$26,291
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.
Total, before mortgage:$0 / month
Asking price per m², against the building, the sector and the country.
Asking 17% below the Casco Viejo average. Ask us why; sometimes there is a good reason and sometimes there is a reason.
At $6,100,000, this Casco Viejo commercial building combines office and retail uses, 31 parking spaces, private rooftop terraces, and a stated concept for conversion into 18 short-term-rental apartments.
Potential conversion into 18 apartments intended for short-term rentals.
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San Felipe, Panamá
San Felipe, Panamá, Panamá · Panama City
Address shown to neighborhood precision for the owner's privacy. The exact address is shared when a viewing is confirmed.
Same market, comparable size and price.
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