Bathrooms
1 bathrooms
163 m² Commercial Space at Mi Condado Plaza Condado del Rey
A ground-floor commercial opportunity at Mi Condado Plaza
Condado del Rey, San Miguelito
Active
$588,000
USD$3,607 / m²
- 163 m²Floor area
- 2Parking
- 1Bath
Overview
Set at ground level in PH Mi Condado Plaza, this 163 m² commercial space in Condado del Rey combines a one-level layout with a useful mix of office and storage areas. It is offered for sale at $588,000, and an advertised rental option is also available at $2,800 per month plus ITBMS. The space has one bathroom and two private parking spaces. Its ground-floor position and office/storage arrangement provide a practical foundation for a business seeking a commercial address in the area. Open parking is also available for customers at the plaza. PH Mi Condado Plaza provides 24-hour security, a reserve water tank and fire alarms. The stated maintenance fee is $326; its billing period and inclusions should be confirmed. Located in Condado del Rey, the property puts your business in a recognized Panama City commercial area. Contact us to discuss the sale or rental terms and arrange a visit.
In Short
The commercial space at PH Mi Condado Plaza in Condado del Rey measures 163 m² and is offered for sale at $588,000. It has one bathroom, office and storage areas, two private parking spaces and a ground-floor, one-level layout. An advertised rental price is $2,800 per month plus ITBMS. The plaza has 24-hour security, a reserve water tank, fire alarms and open customer parking.
Before You Decide
- The property is advertised for both sale and rent; confirm the active option and current terms.
- The stated maintenance fee is $326, with billing frequency and inclusions to be confirmed.
- Two private parking spaces are stated, in addition to open customer parking at the plaza.
- The space has office and storage areas, but permitted business uses are not provided.
Highlights
- 163 m² commercial space
- Ground-floor position and one-level layout
- Office and storage areas
- One bathroom
- Two private parking spaces
- Open customer parking at the plaza
- 24-hour security, reserve water tank and fire alarms
- Advertised at $588,000 for sale or $2,800 per month plus ITBMS for rent
At a Glance
- Status
- Available; sale and rental options advertised
- Sale price
- $588,000
- Advertised rent
- $2,800/month plus ITBMS
- Price per m²
- $3,607.36/m²
- Bathrooms
- 1
- Area
- 163 m²
- Floor
- Ground floor
- Parking
- 2 private spaces; open customer parking
- Maintenance fee
- $326; billing period not specified
- Property type
- Commercial space
- Building
- PH Mi Condado Plaza
- Neighborhood
- Condado del Rey
- City
- Panama City
- Listing ID
- CNV-PROP-041925
Key Facts
- Category
- Commercial
- Unit type
- Commercial Retail
- Listed
- 4 October 2026
- Last updated
- 4 October 2026
Gallery
25 photographs of this residence.
Room by Room
Composed from this unit's own specification, not a template.
What's Included
Everything that stays with the residence.
- Office area
- Storage area
- 2 parking spaces
Explore Retail local
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
- Full baths
- 1
- Den / office
- Yes
- Total
- 163 m² · 1,755 ft²
Parking & Storage
- Spaces
- 2
- Covered
- No
Interior
- Office area
- Storage area
Costs & Financing
Everything you would actually pay, not just the asking price.
Purchase Summary
- Asking price
- $588,000
- Price per m²
- $3,607 / m²
- HOA (monthly)
- $326
- Cash to close (est.)
- $176,400at 30% down
Mortgage Estimate
- Down payment
- 30% · $176,400
- Loan amount
- $411,600
- Rate (assumed)
- 6.25%
- Term
- 30 years
Estimated monthly payment
$2,534
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$326
Property tax$0
Insurance$0
Total, before mortgage:$326 / month
If you let it out
How It Compares
- The asking sale price is approximately $3,607.36 per m², calculated from $588,000 divided by 163 m².
- The advertised rent and sale price imply an indicative gross asking yield of 5.71% before expenses, if the stated rent is achieved.
Value Comparison
Asking price per m², against the building, the sector and the country.
Retail local$3,607 / m²
Condado del Rey average$1,885 / m²
Panama average$4,306 / m²
Asking 91% above the Condado del Rey average — worth understanding what justifies it before you offer.
Investment Case
The asking sale price is $588,000, with a separate advertised rent of $2,800 per month plus ITBMS. Those asking figures imply an indicative gross yield of 5.71% before expenses, subject to confirmation of the current rental terms.
- 5.7%
- Gross yield
- —
- Net yield (est.)
- —
- 5-yr area growth
- —
- Days on market
Price History
- Listed · October 2026$588,000
How You Can Pay
This residence is not attached to a building page in our directory.
Living in Condado del Rey
Amelia Denis de Icaza, San Miguelito
PH Mi Condado Plaza
Condado del Rey, San Miguelito
Positions are schematic, spaced by travel distance.
Get directionsCondado del Rey on Casanova today
- Active sale listings
- 74
- Active rentals
- 0
- Median asking price per m²
- $1,930
Getting Around
Amelia Denis de Icaza, San Miguelito, 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 sale price?
The asking sale price is $588,000.
Is the property also offered for rent?
An advertised rent of $2,800 per month is provided, with ITBMS payable in addition. Confirm current rental availability and terms.
How large is the commercial space?
The commercial space is 163 m².
How many private parking spaces are included?
The space has two private parking spaces. The plaza also has open parking for customers.
What security and building systems are listed for the plaza?
Mi Condado Plaza has 24-hour security, a reserve water tank, and fire alarms.
Is the space available for rent as well?
An advertised rent of $2,800 per month plus ITBMS is provided. Confirm that rental availability and terms are current.
What does the space include?
The 163 m² space has one bathroom, office and storage areas, and two private parking spaces.
What amenities and systems does the plaza have?
PH Mi Condado Plaza has 24-hour security, a reserve water tank, fire alarms and open parking for customers.
Similar Properties
Same market, comparable size and price.
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Interested in 163 m² Commercial Space at Mi Condado Plaza?
Speak to our team — viewings in person or by video, usually within 48 hours.