Commercial Property on Avenida Cuba, Calidonia
Former Kol Shearith Israel synagogueCalidonia
- 837 m²
$1,100,000
$1,314 / m²
Historic commercial building for sale in Calidonia
A 1,200 m² Calidonia landmark beside City Hall
Calidonia, Panamá
Active
$1,100,000
USD$917 / m²
- 1,200 m²Built area
Overview
Set on Avenida Cuba beside Panama City Hall and the Mayor’s Office, this 1,200 m² landmark property offers a rare opportunity in the civic heart of the capital. Originally built as a synagogue, it served the Kol Shearith Israel Congregation for approximately 70 years, until 2006. Its history and central position give the property a distinctive foundation for a new chapter. The building retains its original architectural layout, with high ceilings and generous open interior volumes. The substantial space is suited to a range of possible concepts, including continued religious use, a theater, event venue, gallery, restaurant, residential use or an institutional project. The stated zoning is MP-RM3C2; confirm which uses are currently permitted. Parking, room counts and building systems are not specified. Two hospitals and a Metro station are within walking distance, adding convenience to the central Calidonia location. The property is offered at $1,100,000, compared with a stated October 2025 appraisal of $1,900,000. Private viewings are available for qualified parties. Explore the possibilities and arrange a visit to assess the building for your plans.
In Short
This commercial property in Calidonia, Panama City, is offered for $1,100,000 and has a stated total area of 1,200 m². It sits beside City Hall and the Mayor’s Office, has stated zoning MP-RM3C2, and is within walking distance of two hospitals and a Metro station.
Before You Decide
- Confirm which uses are permitted under the stated MP-RM3C2 zoning.
- Verify the reported appraisal and review the appraisal report dated October 2025.
- Request details on parking, property condition, building systems, and operating costs.
- Assess the building’s original layout and open volumes against the needs of the intended use.
Highlights
- 1,200 m² total area in central Calidonia
- On Avenida Cuba beside Panama City Hall and the Mayor’s Office
- Originally built as a synagogue; served Kol Shearith Israel for approximately 70 years
- Original architectural layout with high ceilings and generous open interior volumes
- Stated zoning: MP-RM3C2
- Potential concepts include religious, theater, event, gallery, restaurant, residential or institutional use
- Two hospitals and a Metro station within walking distance
- $1,100,000 asking price; stated October 2025 appraisal: $1,900,000
At a Glance
- Status
- Available
- Asking price
- $1,100,000
- Price per m²
- $916.67/m²
- Total area
- 1,200 m²
- Property type
- Commercial building
- Building
- Former Kol Shearith Israel Synagogue
- Zoning
- MP-RM3C2
- Neighborhood
- Calidonia
- City
- Panama City
- Listing ID
- CNV-PROP-011486
Key Facts
- Category
- Commercial
- Unit type
- Building Entire
- New or resale
- Resale
- Listed
- 3 October 2026
- Last updated
- 3 October 2026
Gallery
14 photographs of this residence.
What's Included
Everything that stays with the residence.
- High Ceilings
- Generous open interior volumes
- Original architectural layout
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
- 1,200 m² · 12,917 ft²
Parking & Storage
- Covered
- No
Interior
- High Ceilings
- Generous open interior volumes
- Original architectural layout
Costs & Financing
Everything you would actually pay, not just the asking price.
Purchase Summary
- Asking price
- $1,100,000
- Price per m²
- $917 / m²
- Cash to close (est.)
- $330,000at 30% down
Mortgage Estimate
- Down payment
- 30% · $330,000
- Loan amount
- $770,000
- Rate (assumed)
- 6.25%
- Term
- 30 years
Estimated monthly payment
$4,741
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
- The asking price equates to approximately $916.67 per m², calculated from $1,100,000 divided by 1,200 m².
- The stated appraisal is $800,000 above the asking price; the appraisal is dated October 2025.
Value Comparison
Asking price per m², against the building, the sector and the country.
Building$917 / m²
Calidonia average$1,840 / m²
Panama average$4,306 / m²
Asking 50% below the Calidonia average. Ask us why; sometimes there is a good reason and sometimes there is a reason.
Investment Case
The asking price is $1,100,000, compared with a stated October 2025 appraisal of $1,900,000—a difference of $800,000. The asking price is approximately $916.67 per m², calculated from the $1,100,000 price and 1,200 m² total area.
- —
- Gross yield
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- Net yield (est.)
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- 5-yr area growth
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- Days on market
Potential repositioning concepts include religious, theater, event, gallery, restaurant, residential, and institutional uses; permitted uses require confirmation.
Price History
- Listed · October 2026$1,100,000
How You Can Pay
This residence is not attached to a building page in our directory.
Living in Calidonia
Calidonia, Panamá
Former Kol Shearith Israel Synagogue
Calidonia, Panamá
Positions are schematic, spaced by travel distance.
Get directionsCalidonia on Casanova today
- Active sale listings
- 50
- Active rentals
- 0
- Median asking price per m²
- $1,316
Getting Around
Calidonia, 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?
The asking price is $1,100,000.
How large is the property?
The property has a stated total area of 1,200 m².
What is the zoning?
The stated zoning is MP-RM3C2.
What was the building used for historically?
The property was originally built as a synagogue and served the Kol Shearith Israel Congregation for approximately 70 years, until 2006.
What potential uses are described?
Potential concepts include religious use, a theater, event venue, gallery, restaurant, residential use or an institutional use. Permitted uses should be confirmed.
What is nearby?
The property is beside Panama City Hall and the Mayor’s Office, and within walking distance of two hospitals and a Metro station.
How much total area does the property have?
The property has a stated total area of 1,200 m².
What is the stated zoning?
The stated zoning is MP-RM3C2.
What potential uses are described for the property?
Possible concepts described include religious use, a theater, event venue, gallery, restaurant, residential use, or institutional use. Confirm permitted uses before proceeding.
Is the property available for a private viewing?
Private viewings are available for qualified parties.
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Interested in Historic commercial building for sale in Calidonia?
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