Two-level commercial property for sale in El Carmen
Three ground-floor shops in a flexible El Carmen commercial property
El Carmen, Panamá
Active
$695,000
USD$1,204 / m²
- 577.12 m²Built area
- 514.5 m²Land
Overview
Set up for a range of business possibilities, this two-level commercial house in El Carmen offers 577.12 m² of construction on a 514.50 m² lot. Its ground floor includes three commercial spaces, creating a practical starting point for an owner or business looking to establish a presence in a central Panama City neighborhood. The property was built in 1999 and features broad interior areas that can be remodeled or adapted to suit a business plan. The spaces can be configured for offices, retail, a showroom or a restaurant. The asking price is $695,000, and the recorded maintenance fee is $0. El Carmen is a central, active area of Bella Vista, a few steps from Vía España. Banks, restaurants, shops, a Metro station and bus stops are nearby. The area is noted for pedestrian and vehicle traffic, visibility and convenient access to public transportation. Contact us to discuss the property and arrange a visit.
In Short
For sale at $695,000, this commercial house in El Carmen offers 577.12 m² of construction, a 514.50 m² lot and three ground-floor commercial spaces. It is described as adaptable for offices, retail, a showroom or a restaurant, near Vía España, Metro and bus services.
Before You Decide
- The property includes three ground-floor commercial spaces in a two-level layout.
- The 577.12 m² construction area and 514.50 m² lot are stated as separate measurements.
- The spaces are described as adaptable for offices, retail, a showroom or a restaurant.
- Parking count, bathroom count, property condition and legal-use permissions should be confirmed before purchase.
Highlights
- Two-level commercial property in El Carmen
- 577.12 m² of construction area
- 514.50 m² lot
- Three commercial spaces on the ground floor
- Adaptable for offices, retail, a showroom or a restaurant
- A few steps from Vía España
- Banks, restaurants, shops, Metro and bus stops nearby
- Built in 1999; asking price $695,000
At a Glance
- Status
- Available
- Asking price
- $695,000
- Price per m² of construction
- $1,204.26/m²
- Property type
- Commercial property
- Construction area
- 577.12 m²
- Lot area
- 514.50 m²
- Levels
- 2
- Ground-floor commercial spaces
- 3
- Year built
- 1999
- Maintenance fee
- $0
- Neighborhood
- El Carmen
- City
- Panamá
- Listing ID
- CNV-PROP-001709
Key Facts
- Category
- Commercial
- Unit type
- Building Entire
- New or resale
- Resale
- Listed
- 12 August 2026
- Last updated
- 4 October 2026
Gallery
7 photographs of this residence.
Explore Building
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
- 577 m² · 6,212 ft²
Parking & Storage
- Covered
- No
Costs & Financing
Everything you would actually pay, not just the asking price.
Purchase Summary
- Asking price
- $695,000
- Price per m²
- $1,204 / m²
- Cash to close (est.)
- $208,500at 30% down
Mortgage Estimate
- Down payment
- 30% · $208,500
- Loan amount
- $486,500
- Rate (assumed)
- 6.25%
- Term
- 30 years
Estimated monthly payment
$2,995
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: $695,000 USD.
- Construction area: 577.12 m²; lot area: 514.50 m².
- Two levels, with three commercial spaces on the ground floor.
- Located in El Carmen near Vía España, Metro and bus services.
Value Comparison
Asking price per m², against the building, the sector and the country.
Building$1,204 / m²
El Carmen average$1,768 / m²
Panama average$4,306 / m²
Asking 32% below the El Carmen average. Ask us why; sometimes there is a good reason and sometimes there is a reason.
Investment Case
The asking price is $695,000, equivalent to approximately $1,204.26 per m² of construction area. Rental income, operating expenses, and investment returns have not been established.
- —
- Gross yield
- —
- Net yield (est.)
- —
- 5-yr area growth
- —
- Days on market
Price History
- Listed · August 2026$695,000
How You Can Pay
This residence is not attached to a building page in our directory.
Living in El Carmen
El Carmen, Panamá
Commercial property for sale in El Carmen
El Carmen, Panamá
Positions are schematic, spaced by travel distance.
Get directionsEl Carmen on Casanova today
- Active sale listings
- 51
- Active rentals
- 0
- Median asking price per m²
- $1,754
Getting Around
El Carmen, 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
How large is the commercial property?
It has 577.12 m² of construction area on a 514.50 m² lot.
How many levels and commercial spaces does it have?
The property has two levels and three commercial spaces on the ground floor.
What business uses can the spaces be adapted for?
The spaces can be adapted for offices, retail, a showroom or a restaurant.
What is the asking price?
The asking price is $695,000 USD.
How much construction and lot area does it have?
It has 577.12 m² of construction area on a 514.50 m² lot.
How many commercial spaces are on the ground floor?
There are three commercial spaces on the ground floor.
What businesses can the spaces be adapted for?
The spaces can be adapted for offices, retail, a showroom or a restaurant.
Similar Properties
Same market, comparable size and price.
Interested in Two-level commercial property for sale in El Carmen?
Speak to our team — viewings in person or by video, usually within 48 hours.