
Historic Commercial Building for Sale in Casco Viejo
A rare Casco Viejo restoration opportunity with deep roots
Casco Viejo, Panamá
$3,000,000
USD$1,852 / m²
- 1,620 m²17,438 ft²
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
Gallery
12 photographs of this residence.
Explore House
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Features & Finishes
Layout
- Total
- 1,620 m² · 17,438 ft²
Parking & Storage
- Covered
- No
Costs & Financing
Everything you would actually pay, not just the asking price.
Purchase Summary
- Asking price
- $3,000,000
- Price per m²
- $1,852 / m²
- Cash to close (est.)
- $900,000at 30% down
Mortgage Estimate
- Down payment
- 30% · $900,000
- Loan amount
- $2,100,000
- Rate (assumed)
- 6.25%
- Term
- 30 years
Estimated monthly payment
$12,930
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
Total, before mortgage:$0 / month
If you let it out
How It Compares
- Asking price: $3,000,000 USD.
- Total area: 1,620 m².
- Calculated asking price per total area: $1,851.85/m², based on $3,000,000 ÷ 1,620 m².
- Location: Casco Viejo, San Felipe, Panama City.
Value Comparison
Asking price per m², against the building, the sector and the country.
Asking 55% below the Casco Viejo average. Ask us why; sometimes there is a good reason and sometimes there is a reason.
Investment Case
A 1,620 m² historic commercial building offered at $3,000,000 in Casco Viejo. The property is vacant and described as ready for a full rebuild. Potential concepts include a boutique hotel, serviced apartments, or mixed commercial and lodging uses, subject to zoning and restoration requirements.
- —
- Gross yield
- —
- Net yield (est.)
- —
- 5-yr area growth
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- Days on market
Potential redevelopment concepts described include a boutique hotel, serviced apartments, or street-level commercial space with rooms above; feasibility, zoning, and restoration requirements require review.
Price History
- Listed · October 2026$3,000,000
How You Can Pay
This residence is not attached to a building page in our directory.
Living in Casco Viejo
San Felipe, Panamá
Historic building for sale in Casco Viejo
Casco Viejo, Panamá
Positions are schematic, spaced by travel distance.
Get directionsCasco Viejo on Casanova today
- Active sale listings
- 98
- Active rentals
- 0
- Median asking price per m²
- $4,084
Getting Around
San Felipe, Panamá, Panamá · Panama City
Address shown to neighborhood precision for the owner's privacy. The exact address is shared when a viewing is confirmed.
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