CASANOVAREALTY

Commercial building for sale on Avenida Balboa

A landmark-era commercial opportunity on Avenida Balboa

Avenida Balboa, Panamá

Active

$1,433,700

USD$2,956 / m²

  • 485 m²Built area
  • 450 m²Land
  • 3Bath
  • 5Parking
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Overview

Set in central Panama City, this 1929 commercial building offers a distinctive combination of operational history and adaptable business space. It currently operates as a funeral home and carries 1ZM7 zoning. The property is presented as suitable for commercial, professional, medical or institutional uses, subject to applicable regulations. Its layout includes four offices, three viewing rooms, an embalming room, a cafeteria and nine storage rooms, alongside two full bathrooms and two half bathrooms. The building sits on a 450 m² lot and offers parking for approximately five vehicles, including three covered spaces. A covered portal and paved exterior areas add practical circulation and arrival space. Finishes and construction details include tile floors, aluminum windows, gypsum ceilings and a concrete structure. Located on Avenida Balboa in the center of the capital, the property offers an established commercial address for an organization, clinic, professional practice or investor considering a flexible-use asset. Contact Casanova Realty to discuss the property and arrange a visit.

In Short

For sale at $1,433,700 USD, this 1929 commercial building on Avenida Balboa has four offices, three viewing rooms, an embalming room, a cafeteria, nine storage rooms, two full bathrooms, two half bathrooms and parking for approximately five vehicles, including three covered spaces.

Before You Decide

  • The property has a commercial use history and 1ZM7 zoning; confirm any proposed use with the relevant authorities.
  • The layout includes dedicated offices, viewing rooms, service space, a cafeteria and multiple storage rooms.
  • Parking is described as approximately five spaces, with three covered.
  • The construction-area figure should be confirmed before relying on area-based comparisons.

Highlights

  • Commercial building dating to 1929
  • 1ZM7 zoning
  • Current use as a funeral home
  • Four offices and three viewing rooms
  • Embalming room, cafeteria and nine storage rooms
  • Two full bathrooms and two half bathrooms
  • Approximately five parking spaces, including three covered
  • 450 m² lot with a covered portal and paved exterior areas

At a Glance

Status
Available
Asking price
$1,433,700
Lot area
450 m²
Full bathrooms
2
Half bathrooms
2
Parking
Approximately 5 spaces; 3 covered
Maintenance fee
$0
Year built
1929
Property type
Commercial building
Neighborhood
Avenida Balboa
City
Panama City
Listing ID
CNV-PROP-012638

Key Facts

Category
Commercial
Unit type
Building Entire
Listed
18 July 2026
Last updated
4 October 2026

Frequently Asked Questions

What is the asking price?
The asking price is $1,433,700 USD.
How many parking spaces does the property have?
The property has approximately five parking spaces, including three covered spaces.
What spaces are inside the building?
The building includes four offices, three viewing rooms, an embalming room, a cafeteria, nine storage rooms, two full bathrooms and two half bathrooms.
What is the building's current use?
The building currently operates as a funeral home.
What zoning is identified for the property?
The property is identified with 1ZM7 zoning.
How many bathrooms does the building have?
The building has two full bathrooms and two half bathrooms.
What business spaces are included?
The building includes four offices, three viewing rooms, an embalming room, a cafeteria and nine storage rooms.
What is the current use and zoning?
The building currently operates as a funeral home and is identified with 1ZM7 zoning.

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