The View
City from floor 1
Commercial Space for Sale at The Sands, Avenida Balboa
A street-visible commercial space at The Sands
Avenida Balboa, Panamá
Active
$291,000
USD$4,003 / m²
- 72.69 m²Floor area
- 2Parking
- Street FrontSetting
Overview
Put your business in view on Avenida Balboa. This 72.69 m² commercial space occupies the first floor of The Sands, with an exterior-facing position visible from the street. Its location beside Cinta Costera brings the waterfront setting into the daily experience, with views of the sea, the city and Cinta Costera. The premises are delivered in gray for the buyer to remodel and adapt to a preferred concept. Two parking spaces are included, and the monthly maintenance fee is $218.07. The Sands provides 24-hour security, visitor parking and three direct elevators. The building’s residential density and the surrounding commercial activity offer a substantial local catchment: more than 2,000 residential units, over 30,000 nearby residents, more than 1,000 nearby offices and reported daily traffic of over 75,000 vehicles. The property is described as within walking distance of the Panama Metro and close to Cinta Costera. Avenida Balboa also connects with Bella Vista, Casco Viejo, Ancón, Calidonia and the Canal sector. Create a customer-facing space tailored to your business in a central, highly visible Panama City location. Contact Casanova Realty to arrange a viewing and discuss the property.
In Short
The commercial premises at The Sands on Avenida Balboa offer 72.69 m² on the first floor, two parking spaces and a street-visible position. The unit is delivered in gray for buyer remodeling. The stated monthly maintenance fee is $218.07. The building is described with 24-hour security, visitor parking and three direct elevators.
Before You Decide
- Budget for buyer-led remodeling because the premises are delivered in gray.
- Include the stated $218.07 monthly maintenance fee in operating-cost estimates.
- Confirm whether the two parking spaces are assigned, deeded or covered.
- Confirm permitted business uses and building fit-out requirements before planning a specific concept.
Delivered in gray; the buyer is to carry out the remodeling.
Highlights
- 72.69 m² commercial space at The Sands
- First-floor, exterior-facing position visible from the street
- Views of the sea, city and Cinta Costera
- Delivered in gray for buyer-led remodeling
- Two parking spaces included
- $218.07 stated monthly maintenance fee
- 24-hour security, visitor parking and three direct elevators
- Within walking distance of the Panama Metro and close to Cinta Costera
At a Glance
- Status
- Available for sale
- Asking price
- $291,000
- Price per m²
- $4,003.30/m²
- Property type
- Commercial space
- Area
- 72.69 m²
- Floor
- 1
- Parking
- 2 spaces
- Monthly maintenance
- $218.07
- Building
- The Sands
- Neighborhood
- Avenida Balboa
- City
- Panama City
- Listing ID
- CNV-PROP-080296
Key Facts
- Category
- Commercial
- Unit type
- Commercial Retail
- Listed
- 17 November 2023
- Last updated
- 21 April 2026
Gallery
6 photographs of this residence.
Room by Room
Composed from this unit's own specification, not a template.
What's Included
Everything that stays with the residence.
- 2 parking spaces
Explore Retail local
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
- 73 m² · 782 ft²
Systems & Comfort
- Views
- City
Parking & Storage
- Spaces
- 2
- Covered
- No
Lifestyle
- Walkable
Costs & Financing
Everything you would actually pay, not just the asking price.
Purchase Summary
- Asking price
- $291,000
- Price per m²
- $4,003 / m²
- HOA (monthly)
- $218
- Cash to close (est.)
- $87,300at 30% down
Mortgage Estimate
- Down payment
- 30% · $87,300
- Loan amount
- $203,700
- Rate (assumed)
- 6.25%
- Term
- 30 years
Estimated monthly payment
$1,254
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
HOA$218
Property tax$0
Insurance$0
Total, before mortgage:$218 / month
If you let it out
How It Compares
- The stated area is 72.69 m² and the asking price is $291,000.
- The calculated asking price is approximately $4,003.30 per m², using $291,000 divided by 72.69 m².
- The property is a first-floor, street-visible commercial space with two stated parking spaces.
Value Comparison
Asking price per m², against the building, the sector and the country.
Retail local$4,003 / m²
Avenida Balboa average$2,685 / m²
Panama average$4,306 / m²
Asking 49% above the Avenida Balboa average — worth understanding what justifies it before you offer.
Investment Case
The 72.69 m² commercial space is offered for $291,000, with a stated monthly maintenance fee of $218.07. Its first-floor, street-visible position in The Sands and proximity to Cinta Costera and the Metro make visibility and access central considerations for a buyer.
- —
- Gross yield
- —
- Net yield (est.)
- —
- 5-yr area growth
- —
- Days on market
Fit out and remodel the premises to suit the buyer's intended business use.
Price History
- Listed · November 2023$291,000
How You Can Pay
This residence is not attached to a building page in our directory.
Living in Avenida Balboa
Calidonia, Panamá
Avenida Balboa on Casanova today
- Active sale listings
- 313
- Active rentals
- 0
- Median asking price per m²
- $2,588
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 monthly maintenance fee?
The stated monthly maintenance fee for this commercial space is $218.07.
How many parking spaces are included?
The commercial space is listed with two parking spaces. Visitor parking is also noted at The Sands.
Which floor is the commercial space on?
The commercial space is on the first floor and is described as visible from the street.
What is the condition of the premises?
The premises are delivered in gray and require remodeling by the buyer.
What building features are identified at The Sands?
The Sands is described with 24-hour security, visitor parking and three direct elevators.
Is the commercial space near public transit?
The property is described as within walking distance of the Panama Metro.
What is the asking price?
The asking sale price is $291,000.
How large is the commercial space?
The commercial space measures 72.69 m².
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Interested in Commercial Space for Sale at The Sands, Avenida Balboa?
Speak to our team — viewings in person or by video, usually within 48 hours.