Casa de los Arcos: a historic redevelopment opportunity
Casa de los ArcosCasco Viejo
- 1,876 m²
$3,379,000
$1,801 / m²
Historic Commercial Building for Sale in Casco Viejo
A 1916 Casco Viejo landmark with room for a standout commercial concept
Casco Viejo, Panamá
Active
$3,300,000
USD$2,037 / m²
- 1,620 m²Built area
Overview
Built in 1916, this historic commercial property brings substantial scale and a high-visibility position to one of Casco Viejo’s busiest streets. Its complete facade restoration and new roof give the building a renewed exterior, while its location offers the visibility and pedestrian activity sought by destination businesses. The stated total buildable area on the first floor is approximately 1,620 m². Sixteen large windows and doorways between the first and second floors create opportunities for natural light and people-watching during business hours. The property is presented as a potential setting for a restaurant, club, bar, coffee shop or retail storefront. Estimated finishing costs are around $150 per m². Casco Viejo pairs historic architecture with an active dining, shopping and nightlife scene. Founded in 1673, the neighborhood has been revitalized with government support and draws both local residents and visitors. Restaurants, bars, shops and luxury residences contribute to its distinct urban character. The stated average rental range is $18–$20 per m² per month. Explore the potential of this historic address and request further details or a viewing.
In Short
The asking price for this historic commercial building in Casco Viejo is $3,300,000 USD. The stated total buildable area on the first floor is approximately 1,620 m². The building was originally built in 1916 and has a restored facade and a new roof.
Before You Decide
- Compare the $3,300,000 asking price with verified usable area, lot size and permitted uses.
- Confirm the scope and cost of any remaining finishing work; the stated estimate is approximately $150 per m².
- Verify whether the stated $18–$20 per m² monthly rental range applies to this building and to what area measurement.
- Request documentation for the facade restoration, new roof and any historic-district requirements affecting future work.
The facade has undergone a complete restoration, including installation of a new roof.
Highlights
- Historic building originally built in 1916
- Approximately 1,620 m² of stated total buildable area on the first floor
- Complete facade restoration and a new roof
- 16 large windows and doorways between the first and second floors
- Positioned on one of Casco Viejo’s busiest streets
- Potential fit for a restaurant, club, bar, coffee shop or retail storefront
- Estimated finishing cost of approximately $150 per m²
- Stated average rental range of $18–$20 per m² per month
At a Glance
- Status
- Available
- Asking price
- $3,300,000
- Price per m²
- $2,037.04/m²
- Total buildable area
- 1,620 m²
- Year built
- 1916
- Property type
- Historic commercial building
- Neighborhood
- Casco Viejo
- City
- Panama City
- Listing ID
- CNV-PROP-011512
Key Facts
- Category
- Commercial
- Unit type
- Building Entire
- New or resale
- Resale
- Natural light
- Good
- Listed
- 3 October 2026
- Last updated
- 15 October 2026
Gallery
9 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
- 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
- $3,300,000
- Price per m²
- $2,037 / m²
- Cash to close (est.)
- $990,000at 30% down
Mortgage Estimate
- Down payment
- 30% · $990,000
- Loan amount
- $2,310,000
- Rate (assumed)
- 6.25%
- Term
- 30 years
Estimated monthly payment
$14,223
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 calculated asking price is approximately $2,037.04 per m², using $3,300,000 divided by 1,620 m².
- The building's stated rental range is $18–$20 per m² per month.
Value Comparison
Asking price per m², against the building, the sector and the country.
Building$2,037 / m²
Casco Viejo average$4,075 / m²
Panama average$4,306 / m²
Asking 50% below the Casco Viejo average. Ask us why; sometimes there is a good reason and sometimes there is a reason.
Investment Case
At the stated average rental range of $18–$20 per m² per month, 1,620 m² implies gross monthly rent of approximately $29,160–$32,400. Dividing the annualized rent by the $3,300,000 asking price gives an indicative gross yield of approximately 10.60%–11.78%, before operating expenses, vacancy, taxes, or finishing costs. The stated finishing estimate of about $150 per m² implies approximately $243,000 across 1,620 m².
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- Gross yield
- —
- Net yield (est.)
- —
- 5-yr area growth
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- Days on market
The facade restoration and new roof are completed; the property description estimates finishing costs at approximately $150 per m².
Price History
- Listed · October 2026$3,300,000
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.
Frequently Asked Questions
What is the asking price?
The asking price is $3,300,000 USD.
How large is the building?
The stated total buildable area on the first floor is approximately 1,620 m².
When was the building built?
The building was originally built in 1916.
What restoration work has been completed?
The facade has undergone a complete restoration, including a new roof.
What rental rate is indicated?
The stated average rental rate is $18–$20 per m² per month.
Is the property available for purchase?
The property is marked available for sale.
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Interested in Historic Commercial Building for Sale in Casco Viejo?
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