Historic Commercial Building for Sale in Casco Viejo

A rare Casco Viejo restoration opportunity with deep roots

Casco Viejo, Panamá

Active

$3,000,000

USD$1,852 / m²

  • 1,620 m²17,438 ft²

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Overview

In one of Casco Viejo’s most active corridors, this vacant historic building offers 1,620 m² and a clear starting point for a full rebuild. Its location brings the energy of steady foot traffic, tourism and year-round interest in lodging and commercial spaces to a project with an unusually rich past. The structure dates to 1918, while excavations have uncovered eighteenth-century calicanto walls, an old water channel leading toward a buried cistern, and traces of daily life from the neighborhood’s early residents. Casco’s story reaches back more than three centuries, including rebuilding after the great fires of the 1700s; the building’s foundations carry that older history beneath its early-1900s structure. Potential concepts include a boutique hotel, serviced apartments, or street-level commercial space with rooms above. Casco Viejo’s walkable streets bring together colonial architecture, restaurants, cafés, hotels, rooftop venues and cultural spots. Preservation rules limit new supply, and original historic details can help restored properties stand out. Explore the zoning and restoration guidelines and arrange a walkthrough to consider what this distinctive redevelopment project could become.

In Short

This Casco Viejo property is a vacant historic commercial building with 1,620 m² of total area and a $3,000,000 asking price. The source dates the structure to 1918 and describes it as ready for a full rebuild. Potential concepts include a boutique hotel, serviced apartments, or a mix of commercial space and rooms above, subject to zoning and restoration requirements.

Before You Decide

  • The property is described as requiring a full rebuild, so buyers should evaluate structural and redevelopment scope.
  • Zoning and historic-restoration requirements should be reviewed before relying on any proposed use.
  • The source identifies archaeological findings, including eighteenth-century calicanto walls and an old water channel.
  • The advertised total area is 1,620 m²; request supporting measurement documentation and a floor-by-floor breakdown.

Highlights

  • 1,620 m² total area in Casco Viejo
  • Asking price: $3,000,000
  • Vacant building described as ready for a full rebuild
  • 1918 structure with foundations tied to the colonial-era site
  • Excavations uncovered eighteenth-century calicanto walls and an old water channel
  • Potential concepts include a boutique hotel or serviced apartments
  • Walkable historic district with restaurants, cafés, hotels and cultural venues
  • Zoning and restoration guidance can be requested before a walkthrough

At a Glance

Status
Available
Asking price
$3,000,000
Price per m²
$1,851.85/m²
Total area
1,620 m²
Year built
1918
Property type
Historic commercial building
Condition
Vacant; ready for a full rebuild
Neighborhood
Casco Viejo
City
Panama City
Listing ID
CNV-PROP-016129

Key Facts

Category
Commercial
Unit type
House Villa
New or resale
Resale
Listed
3 October 2026
Last updated
15 October 2026

Frequently Asked Questions

What is the asking price for the building?
The asking price is $3,000,000 USD.
How large is the property?
The property has a total area of 1,620 m².
What is the building's condition?
The building is vacant and described as ready for a full rebuild.
What year was the building built?
The stated year built is 1918.
Is the building occupied?
The building is described as vacant.
What uses are being considered for the property?
Potential concepts mentioned include a boutique hotel, serviced apartments, or a mix of street-level commercial space and rooms above. Permitted uses require confirmation.

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