Albrook building with reported rental income
An income-producing building in Albrook
Albrook, Panamá
Active
$3,150,000
USD$1,409 / m²
- 2,235.62 m²Built area
- 990.8 m²Land
Overview
A substantial building in Albrook offers an investment opportunity with reported rental income already in place. Priced at $3,150,000, the property is described as rented and producing approximately $16,000, with potential for a further $6,000 in income. The period covered by these figures is not specified, so buyers can request the lease and income details as part of their review. The building offers 2,235.62 m² of construction area. At the asking price, that equates to approximately $1,409.01 per m² of construction area. The site is in Albrook, within Panama City, and is offered as a building rather than a residential unit; bedroom, bathroom, parking and internal-layout details are not included in the available property information. The location is described as close to a transport terminal, a university and a museum, bringing transport and institutional destinations within reach. This Albrook property may suit an investor assessing an income-producing asset in Panama City. Request the lease information, income breakdown and a visit to evaluate the building and its commercial potential.
In Short
The Albrook building is offered for $3,150,000 and has 2,235.62 m² of construction area. The property is reported rented and producing approximately $16,000, with a further $6,000 in potential income reported. It is close to a transport terminal, a university and a museum.
Before You Decide
- Confirm whether the reported $16,000 income is monthly, annual or for another period.
- Request documentation for the reported additional $6,000 income potential.
- Verify the lot size because two figures are provided: 990.8 m² and 900.8 m².
- Review lease terms, operating expenses, permitted uses and building systems before evaluating net returns.
Highlights
- Commercial building offered for sale at $3,150,000.
- 2,235.62 m² of construction area.
- Approximately $1,409.01 per m² based on construction area.
- Described as rented and producing approximately $16,000; period not specified.
- Potential for approximately $6,000 in additional income is reported.
- Located in Albrook, Panama City.
- Close to a transport terminal, a university and a museum.
At a Glance
- Status
- For sale; reported rented
- Asking price
- $3,150,000
- Price per m²
- $1,409.01 per m² of construction area
- Construction area
- 2,235.62 m²
- Property type
- Commercial building
- Neighborhood
- Albrook
- City
- Panama City
- Reported income
- Approximately $16,000; period not specified
- Listing ID
- CNV-PROP-045570
Key Facts
- Category
- Commercial
- Unit type
- Building Entire
- Listed
- 11 July 2023
- Last updated
- 11 July 2023
Gallery
16 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
- 2,236 m² · 24,064 ft²
Parking & Storage
- Covered
- No
Costs & Financing
Everything you would actually pay, not just the asking price.
Purchase Summary
- Asking price
- $3,150,000
- Price per m²
- $1,409 / m²
- Cash to close (est.)
- $945,000at 30% down
Mortgage Estimate
- Down payment
- 30% · $945,000
- Loan amount
- $2,205,000
- Rate (assumed)
- 6.25%
- Term
- 30 years
Estimated monthly payment
$13,577
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: $3,150,000 USD.
- Construction area: 2,235.62 m².
- Calculated asking price per construction area: approximately $1,409.01/m².
- Reported current income: approximately $16,000; period unspecified.
Value Comparison
Asking price per m², against the building, the sector and the country.
Building$1,409 / m²
Albrook average$3,440 / m²
Panama average$4,306 / m²
Asking 59% below the Albrook average. Ask us why; sometimes there is a good reason and sometimes there is a reason.
Investment Case
This Albrook building is offered at $3,150,000 and is reported to be rented, producing approximately $16,000, with potential for a further $6,000 in income. The reported income period and the basis for the additional potential have not been established.
- —
- Gross yield
- —
- Net yield (est.)
- —
- 5-yr area growth
- —
- Days on market
The property is described as having potential to generate approximately $6,000 in additional income; the period and basis are not specified.
Price History
- Listed · July 2023$3,150,000
How You Can Pay
This residence is not attached to a building page in our directory.
Living in Albrook
Ancón, Panamá
Building for sale in Albrook
Albrook, Panamá
Positions are schematic, spaced by travel distance.
Get directionsAlbrook on Casanova today
- Active sale listings
- 105
- Active rentals
- 0
- Median asking price per m²
- $2,333
Getting Around
Ancón, 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 Albrook building?
The asking price is $3,150,000 USD.
How much construction area does the building have?
The building has 2,235.62 m² of construction area.
Is the building currently rented?
The property is described as rented and producing approximately $16,000; the period for that income is not stated.
What additional income potential is reported?
The property is described as having potential to produce approximately $6,000 more; the period and basis are not specified.
How large is the building?
The building has 2,235.62 m² of construction area.
Is the property rented, and what income does it produce?
The property is described as rented and producing approximately $16,000. The period for that figure is not stated.
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Price Reduced
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